Blue Planet FundThe UK’s £500 million Blue Planet Fund supports developing countries to protect the marine environment and reduce poverty.App...

Blue Planet FundThe UK’s £500 million Blue Planet Fund supports developing countries to protect the marine environment and reduce poverty.App...

Blue Planet FundThe UK’s £500 million Blue Planet Fund supports developing countries to protect the marine environment and reduce poverty.Approximately 3 billion people rely on the ocean for their food security and livelihoods, with poor people particularly dependent on the ocean. The ocean economy is expected to grow faster than the global economy as a whole over the next decade, presenting opportunities for developing countries to grow their economies and improve the livelihoods of their people. At the same time, the ocean is facing serious and increasing threats from over-exploitation, pollution, biodiversity loss and climate change.Financed from the UK Official Development Assistance (ODA) budget, the Blue Planet Fund is an important part of the UK’s global leadership on marine issues. This includes our call to protect at least 30% of the global ocean by 2030 (for more information look at the Global Ocean Alliance “30by30” initiative) and our existing commitments to stop plastic pollution entering the ocean through our joint UK and Vanuatu-led Commonwealth Clean Ocean Alliance.The Blue Planet Fund supports the delivery of the Integrated Review, which puts tackling climate change and the loss of biodiversity as the UK government’s highest international priority. The Fund contributes to the UK government’s commitment to increase its international climate finance support to at least £11.6 billion over the next 5 years. At least £3 billion of this will be invested in climate change solutions that protect, restore and sustainably manage nature and deliver strong outcomes for poverty reduction.Our objectivesThe Blue Planet Fund’s objectives are in line with the UK’s focus on protecting nature and tackling climate change in an integrated way. We are seeking ambitious outcomes in 4 interlinked areas: biodiversity, climate change, marine pollution and sustainable seafood.BiodiversityWe aim to improve marine biodiversity and support livelihoods by protecting and enhancing marine ecosystems, reducing pressures and increasing resilience, and enabling sustainable and equitable access to, and use of, these resources.Climate changeWe aim to improve resilience, adaptation to and mitigation of climate change, particularly through enabling and investing in inclusive nature-based solutions.Marine pollutionWe aim to reduce marine pollution through action on land-based and sea-based sources that also contribute to improved livelihoods and healthier environments.Sustainable seafoodWe aim to ensure that seafood is produced and distributed in ways which support healthy ecosystems, do not overexploit marine stocks, provide sustainable inclusive and equitable livelihoods and enhance resilience to climate and socioeconomic shocks.Programmes will also incorporate cross-cutting themes including gender and vulnerable groups, climate change, human rights and modern slavery, rule of law and corruption, and economic shocks. The Blue Planet Fund will support UK efforts to promote a clean, inclusive and resilient global recovery from the COVID-19 pandemic.Fund deliveryThe Fund is managed by the Department for Environment, Food & Rural Affairs (Defra) and the Foreign, Commonwealth and Development Office (FCDO), and will run for at least 5 years. We aim to design the Blue Planet Fund to deliver systemic change on key marine environment issues, building on our theory of change. We are planning a range of programmes at bilateral and multilateral level to deliver the Fund’s outcomes.We are exploring opportunities to establish competed elements of the Fund in later years which external organisations may bid into. We are considering how we will allocate and manage this Fund, however the UK government is committed to open and fair competition and we encourage any interested party to engage in our competitions.