Mainstreaming Sustainable Marine Fisheries Value Chains into the Blue Economy of the Canary Current and the Pacific Central American Coastal Large Marine Ecosystems

To mainstream ecological and social aspects of sustainability to foster sustainable fisheries production and improved wellbeing of coastal communities in support of emerging Blue Economies in the Canary Current and the Pacific Central American Coastal Large Marine Ecosystems.

In the six countries, co-􀂦 nancing will be provided mostly by the national 􀂦 fisheries authority, mobilizing their actions and initiatives related to the target fiheries (e.g., fisheries monitoring, research and enforcement). It is foreseen that other agencies and private sector will also contribute to co-􀂦 nance the project, but this will be estimated during the PPG phase. Grant contributions from the participating countries will be identified during the PPG phase. Sustainable Fisheries Partnership will contribute by mobilising its global work with seafood value chains and projects funded by other sources. Most of SFP’s co-fi nancing comes from major philanthropic Foundations such as the Walton Family Foundation and the David and Lucile Packard Foundation, which cover both recurrent expenditures and funding mobilized in support of activities that contribute to project goals. Packard Foundation for example, provides SFP with unrestricted funding, a significant part of which SFP applies to cover some of the organization recurring expenses. Other foundation and development agency funding is planned to be associated with both, recurring and non-recurring project associated expenditures. Further to philanthropic Foundation funding, estimated investment mobilized includes contributions from private sector in support of non-recurring expenditures linked to project objectives. These investments will primarily contribute to: a) Project Component 1. This includes, amongst others, support provided by retail, branded suppliers and their supply chains to project objectives. For example, through contributions by SFP’s retail partners as well as contributions by suppliers participating in SFP’s coordinated Supply Chain Roundtables. b) Project Component 2. For example, funding provided by private sector to project supported Fishery Improvement Projects. As part of Project Component 2, SFP will support industry-led FIPs, which envisions the costs of improvements are being internalized by supply chains. Disbursement of investment mobilized (US$5,4 million) is planned to overlap fully with the project timeframe, with co-financing distribution depending on availability of funding. Details will be further developed during the PPG phase. Letters of co-􀂦 nancing will be provided during the PPG phase to account for planned funding provided by major philanthropic Foundations in support of project goals. 

Budget

Partners