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Blue Ventures

Blue Ventures empowers small scale fishers to co-develop and implement effective marine conservation models that protect and restore coastlands and local fish populations and improve fishers’ livelihoods.

Facts

Investee Blue Ventures (BV), founded 2003
Location HQ in London, United Kingdom but operations across Madagascar, Tanzania, Kenya, Mozambique, Indonesia, Comoros, Belize, India, Mauritius, Timor-Leste (through partners)
Sector Environment
Funding start July 2020
Funding type Grant
Website www.blueventures.org

 

Impact

Context

BV exists to address two inextricably linked global challenges: marine degradation and the threat in livelihoods for the 100 million who depend on small-scale fisheries across the world.

Coastal ecosystems account for ~50% of the total carbon sequestered in ocean sediments and sequester carbon at a much faster rate than planet’s forests. Unsustainable fishing practices destroy ecosystems and fish populations’ habitat and prevent their replenishment, leading to declining stocks. 90% of the world’s marine fish stocks are now fully exploited, overexploited or depleted due to unsustainable fishing techniques.

Small-scale fisheries employ more than 90% of the world’s capture and provide over 100 million people in the developing world with a source of food security and livelihoods. Increase in fishing activity, often employing more destructive methods, puts further pressure on the declining fishing stocks, creating a vicious cycle. Local communities most affected by this are uncoordinated, rather small and dispersed across coasts; their voice is limited in the national and global discourse.

Solution

BV helps local coastal communities manage their own resources by creating community groups and designating their marine resources as Locally Managed Marine Areas (LMMAs). BV supports these community groups by:

  • Training on how to effectively run temporary closures in fishing areas that result in increases in fish size, volume, and weight over a short period
  • Training on new income-generating activities (e.g., aquaculture) to relieve pressure on fishing stocks
  • Introducing community-run preventive measures (e.g., mangrove protection) to arrest the destruction of the marine environment
  • Educating on the benefits of non-destructive fishing on habitats and fish yields
  • Increasing the community’s environmental stewardship and sense of ownership

Impact depth

Over 100 million people in the developing world depending on small-scale fisheries for sustenance could benefit from BV’s work in preventing further marine degradation and rehabilitating marine life. BV contributes to:

  • Coordinated usage and rehabilitation of fisheries and marine life: BV enables local groups in fishing communities to manage the resources through interventions such as temporary fishery closures and mangrove protection projects and increase their environmental stewardship
  • Protected livelihoods of local fisher communities that rely on marine life: BV helps local communities increase their income from bigger catch as a result of temporary closures, and supports them in establishing alternative livelihoods such as aquaculture and Blue Carbon
Impact Reach 2018 2019 2020
# of people reached through BV intervention 403k 465k 512k
# of temporary closures (cum. total) 395 457 505
# of people in alternative livelihoods 506 691 782
Income generated from alternative livelihoods USD 25,782 USD 116,930 USD 178,164
# of CSO Partners in the network  20 32 35
# of countries active 11 11 11
Tons of CO2 emissions sequestered through mangrove forest protection 50,475 149,974 432,021
Marine area (KM2) under management 17,781 17,964 17,964

 

SDGs

By engaging with Blue Ventures, we align with and contribute to Goal 14 (Life Below Water) of the United Nations’ Sustainable Development Goals, target 14.2.: By 2030, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience, and take action for their restoration to achieve healthy and productive oceans.