Blue Enterprise Fund (BEF)

The Seychelles Conservation and Climate Adaptation Trust (SeyCCAT) manages several innovative blue financing mechanisms aimed at promoting sustainable use of ocean resources, particularly around coral reef ecosystems. One of its key instruments is the Blue Grants Fund (BGF), which provides grant funding to support locally-led projects that contribute to ocean conservation, climate resilience, and the sustainable blue economy. BGF has historically supported initiatives in fisheries, marine protected areas, and community-based conservation.

To expand its impact, SeyCCAT is now establishing the Blue Enterprise Fund (BEF) — a new financing facility designed to complement the BGF by offering concessional loans instead of grants. Unlike the BGF, the BEF will broaden support to include reef-positive businesses beyond fisheries and aquaculture, such as sustainable tourism, waste management, blue tech, and nature-based enterprises. By offering affordable financing, the BEF aims to catalyze private sector investment in businesses that deliver both financial returns and positive outcomes for coral reefs and coastal ecosystems.