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CONSERVATION INVESTMENT

Modernizing and innovating investment strategy in order to maximize conservation value.

CONSERVATION INVESTMENT

Modernizing and innovating investment strategy in order to maximize conservation value.

Conservation Investment Program

 

The Trust was established in 1996 for the sole purpose of financing conservation efforts in Belize’s protected areas. PACT, with the passing of the 2015 amendment act is now responsible for the financing and management of the entire National Protected Areas System (NPAS) . The NPAS is comprised of 103 individual sites and is one of the most diverse throughout the region and includes nature reserves, wildlife sanctuaries, natural monuments, and national parks.

In order to ensure that it is getting maximum conservation value for its investments, the Protected Areas Conservation Trust (PACT) is modernizing and bringing greater innovation into its investment strategy, i.e. other than investments via competitive grant making. Furthermore, among the revised functions outlined in the PACT Act 2015 is the legal mandate of “setting strategic priorities for the development, mobilization and allocation of financial resources for the NPAS.” In response, PACT has developed and is implementing a Conservation Investment Strategy.

Whereas the long-term approach will be to respond to the needs of the National Protected Areas System, as opposed to individual sites, the desire is for investments to respond to the current critical needs of the NPAS. As determined through a consultative process, these initial critical needs include:

 

  • Investments towards Biodiversity and Ecosystem Protection enabling improved Ecosystem Health
  • Financial Sustainability/ Revenue Generation for the NPAS guiding the improved financial sustainability of the system
  • Development and/or expansion of socio-economic benefits from the NPAS to support community development and local economy

 
  

To this end, while every effort will be made for PACT to move towards mobilizing resources to meet the global financial shortfall for the system, this initial plan will make specific investments towards these priorities. Allocations will be made in a manner that is transparent, equitable and can provide for optimum conservation return on investments (CROI). That meet the critical needs identified above.

Read more about available Categories of Investments.

  • Targeted

    Targeted

    Support efforts in meeting the desired priorities for biodiversity and ecosystem protection, revenue generation and financial sustainability, and socio-economic benefits to communities. Funding may also support activities/ initiatives that create enabling conditions, inclusive of staff training and capacity building. Read More
  • Secondary

    Secondary

    Shall primarily support general protected areas management, operations, and creating enabling conditions outside of priority areas identified for Targeted Investments. Secondary investments may further support one-off projects or initiatives that promote conservation, enhancement and protection of Belize’s natural resources. Read More
  • Third-Party

    Third-Party

    PACT shall provide investments to local beneficiaries via Third-Party financial resources. Such investments may come in the form of partnerships, co-financiers or via a re-granting process for regional and international financing institutions. Read More
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Learn more about eligibility criteria below.

 

  • Eligibility Criteria +

    A conservation investment must meet the following basic criteria to be eligible for funding. In addition to these requirements, an organization’s ability to access PACT finances is also determined based on specific eligibility criteria outlined under each investment category.
      
    • Activities/programmes: In compliance with the PACT Act, ESMF and Conservation Investment Strategy, activities/programmes eligible for PACT funding include:
      1. Core cost including cost of permanent staff of non-governmental organizations
      2. Capital expenditure of GOB agencies and NGOs for “green-oriented” infrastructure projects within PAs consistent with approved management plans
      3. Protected areas Management and Conservation
      4. Protected Areas Promotion and Development
      5. Environmental Education and Awareness/Outreach
      6. Community Development around Protected Areas
      7. The activities/programmes deemed eligible must also demonstrate direct linkage towards the achievement of the Conservation Return on Investment identified in the PACT Conservation Investment Strategy 2018-2021.
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    • Recipients: Potential recipients include Non-Governmental Organizations (NGO) or Community Based Organizations (CBO) involved in conservation, protected areas management, or climate resiliency which are registered under the NGO Act 2000 and are in good standing; Government Agencies involved in the conservation, management, promotion and development of natural resources. 
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    • Environmental & Social, Gender Compliance: Investments must demonstrate compliance with the environmental and social safeguards outlined in PACT’s Environmental and Social Management Framework (ESMF). Furthermore, documentation should illustrate that the development and implementation of investments support PACT’s Gender and Equity principles as defined by the Policy on Gender and Equality (PGE).  
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    • Maximum Grants: The Board of Directors reserves the right to equitably distribute funds across priority areas. The eligibility of applicants for multiple investments across categories and ceiling for each investment category is stipulated under the relevant sections.  
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    • Implementation Period: PACT Conservation Investments shall target long-term financing for protected areas management and the NPAS. Consequently, implementation period for PACT investments shall not be strictly defined. The BOD however reserves the right to evaluate the practicality of proposed investment timeline. An extension of the time frame will be considered based on the needs of each applicant.
      
  • Ineligible Activities/ Exclusion List +

    In accordance with the PACT Act, ESMF and Conservation Investment Strategy, the following activities/programmes are ineligible for PACT funding. 
    1. Funding for private organizations which are organized for profit.
    2.  
    3. Core Costs for government agencies.
    4.  
    5. Projects/investments that:
      1. Degrade or convert critical natural habitats;
      2. Introduce potentially invasive, non-indigenous species;
      3. Adversely affect physical cultural resources;
      4. Promote the use, directly or indirectly, any substances listed under the Stockholm Convention on Persistent Organic Pollutants and;
      5. Affect indigenous peoples without having obtained their free, prior and informed consent where necessary.
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