Coral reefs are amongst the most valuable ecosystems on earth, harbouring the highest biodiversity of any ecosystem, supporting 25% of marine life and providing a myriad of benefits to thousands of species. The Global Fund for Coral Reefs (GFCR) is a project within the Blue Planet Fund portfolio. The GFCR is the first Multi-partner Trust Fund for Sustainable Development Goal 14. It provides finance for coral reefs with particular attention on Small Island Developing States. The GFCR promotes a ‘protect-transform-restore-recover’ approach through the creation and management of Marine Protected Areas (MPAs) to save and protect coral reefs in the face of serious decline and extinction.   The GFCR has four main outcomes:    Protect priority coral reef sites and climate change-affected refugia    Transforming the livelihoods of coral reef-dependent communities    Restoration and adaptation technologies    Recovery of coral reef-dependent communities to major shocks