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03 April

Seychelles' marine projects receive funding

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Seven projects in Seychelles that support marine protected areas and sustainable fisheries will get financial assistance under the second Blue Grants Fund launched in 2018. The Seychelles Conservation and Climate Adaptation Trust (SeyCCAT) said a total of $363,000  (SCR 5 million) will be disbursed for projects that are in line with the fund’s strategic objectives.

“With funds from both the debt-swap and the blue bonds, we were able to provide grants financing for seven projects that are innovative and will provide valuable data to enhance our understanding of our marine space,” said the fund’s chief executive, Angelique Pouponneau.

SeyCCAT -- an independent trust fund -- is mandated to provide a sustainable flow of funds to support marine-related projects and other activities that contribute substantially to the conservation, protection and maintenance of biodiversity and the adaptation to climate change. All the projects involve local and international partnership as well as the government of Seychelles, a group of 115 islands in the western Indian Ocean, and the private sector.

SeyCCAT  has also opened its third call for project proposals which will runf from 2 April to May 15 2019. They target to disburse up to $750 000. Details on types of projects they are looking for can be found here: https://seyccat.org/how-to-apply/#our-blue-funds

Source: Seychelles News Agency and SEYCCAT


Read 555 times Last modified on Wednesday, 03 April 2019 04:33
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