PACT REVEALS TWO NEW CATEGORIES OF FUNDING AND AWARDS BZ 1.1 MILLION TO PROTECTED AREAS MANAGERS
Belize City, Belize. (Monday, 27 March. 2017) –Today the Trust held its Annual Investment Award Ceremony, handing over 1.1 million dollars under two new categories of funding – the single and multiple investment categories. Speaking to the progress made since last year’s Award Ceremony, Minister of State in the Ministry of Agriculture, Forestry, Fisheries, the Environment, Sustainable Development and Immigration, Dr. Omar Figueroa informed that the new investment categories of funding “signals the shift in the way in which PACT [supports] proposals geared towards institutional and governance strengthening, financial sustainability and resource mobilization; and protected areas management plans”.
The Ceremony also saw the new CEO and PACT Board Chair, Dr. Percival Cho – engage stakeholders echoing Hon. Minister Omar Figueroa’s optimism that PACT will continue to grow to meet the challenges of financing protected areas. Speaking specifically to the new investment categories of funding, Dr. Cho remarked that “the new investment angle complements the equally new opportunity for PACT to fund up to twenty percent of an organization’s budgeted staffing and office costs related to carrying out a project…thereby allowing [CBOs and NGOs] to invest a greater portion of their energies in fundraising initiatives to advance their work on the ground”.
This year PACT awarded a total of five grants under its ‘single’ and ‘multiple’ categories. The ‘Single’ category carries a maximum funding envelope of BZ $100,000. This year, three single grants were awarded to the Sarteneja Alliance for Conservation and Development (SACD), Southern Environmental Association (SEA) and Programme for Belize. The ‘Multiple’ category awards funding to multiple recipients under one, singular project area with a funding envelope of BZ $400,000; recipients under this category are the Association of Protected Areas Management Organizations (APAMO) and Ya’axche Conservation Trust, alongside the Belize Audubon Society (BAS) and the Toledo Institute for Development and Environment (TIDE).
The shift in this year’s investment cycle reflects a move towards a holistic and collaborative approach to protected areas management. The Protected Areas Conservation Trust (PACT) extends its warmest well wishes to all the investment award recipients and wishes them every success in the execution of their projects!