In recent years, conservation practices have increasingly adopted business-based approaches. Among these is the use of project-finance techniques to mobilize the resources, institutional commitments, and other conditions needed for successful long-term conservation.
The fundraising and negotiations that resulted in the creation of Coast Funds are globally recognized as an example of Project Finance for Permanence (PFP). The aim of PFP is to help establish the conditions required to secure the ecological, financial, organizational, political, and social sustainability of globally important places. The PFP process often takes many years and a high-level of collaboration between disparate partners, but provides a durable foundation for long-term landscape-level conservation success.
The efforts to establish Coast Funds introduced full-cost fundraising and a single financial closing to the PFP model. The project also took a comprehensive view of stakeholder support and organized efforts from each party. For example, Tides Canada led the key stages of the PFP process, including the financial closing and fundraising in Canada, while The Nature Conservancy led the private fundraising effort in the United States. These are examples of the many important roles played by different parties, including First Nations, NGOs, funders, and industry groups. The involvement of such a wide range of stakeholders is an important feature of the establishment of Coast Funds.
More information on the history of the strategic land use plan agreements, collaboration between stakeholders, and the creation of Coast Funds is available on the History of the Great Bear Rainforest page.
Project Finance for Permanence Resources
Linden Trust, Moore Foundation, and Redstone Strategy Group:
Lessons from Landscape-scale Conservation Deals, 2011
Assessments of three landscape-scale conservation deals, 2011
Stanford Social Innovation Review:
“A Big Deal for Conservation”, 2012
World Wildlife Fund:
Project Finance for Permanence: Key Outcomes and Lessons Learned, 2015