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Department for Environment, Food, and Rural Affairs

ORRAA Programme

Last updated: 23/04/2025
IATI Identifier: GB-GOV-7-BPFORRAA
Project disclaimer
Disclaimer: The data for this page has been produced from IATI data published by Department for Environment, Food, and Rural Affairs. Please contact them (Show Email Address) if you have any questions about their data.

Description

The Ocean Risk and Resilience Action Alliance (ORRAA) is a multi-sector alliance that aims to drive investment into coastal natural capital through the development of innovative finance solutions. These products will reduce vulnerability and build resilience in the most exposed and vulnerable coastal regions and communities. The UK has committed £13.9 million into ORRAA, delivered in two phases. A successful Phase 1 in 2021-22 provided £1.9m in grant funding, followed by Phase 2 from 2022-2026 with £12m committed in grant funding. The UK’s investment will address 2 challenges faced by coastal communities and the ocean environment: 1) Tackling the impacts of anthropogenic climate change and biodiversity loss. 2) Overcoming barriers that prevent finance flowing into nature-based solutions. The grant awarded to ORRAA will support their aims to drive at least $500 million of investment into coastal and ocean natural capital, and produce at least 50 new, innovative finance products, by 2030. This would positively impact the resilience of 250 million climate vulnerable people in coastal areas worldwide.

Location

The country, countries or regions that benefit from this Programme.
Costa Rica, Developing countries, unspecified, Honduras, Indonesia, Kenya, Madagascar, Mozambique, Panama, Philippines, Vietnam
Disclaimer: Country borders do not necessarily reflect the UK Government's official position.

Status Implementation

The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.

Programme Spend

Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.

Participating Organisation(s)

Help with participating organisations

Accountable:Organisation responsible for oversight of the activity

Extending: Organisation that manages the budget on behalf of the funding organisation.

Funding: Organisation which provides funds.

Implementing: Organisations implementing the activity.

Sectors

Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.

Budget

A comparison across financial years of forecast budget and spend to date on the Programme.

Download IATI Data for GB-GOV-7-BPFORRAA

Programme data last updated on 23/04/2025

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