Page 29 - Islands Business October 2023 edition

Sustainable Financing Mechanism and Funding Flow for the NOW Trust

Source of funds Capitalisation options Financing mechanism

Direct Contributions
• Corporations
NOW Trust
• Philanthropy Endowment
Sponsor
NZ ~$32M
• Bilateral/multilateral
donors
• Niue National government Remaining Annual
Funds Interest
• Individuals

NOW Trust
Operational
Levies, fees, etc.
Additional sources of income Fund
such as visitor fees & donations NZ $1.5M

Activity Areas Supported by OCC Sponsorship

Institutionalisation of NOW Partnership and operations of Niue Ocean Wide Trust:
Incremental
capability for • Build the NOW Trust executive team with staffing, dedicated office space, equipment,
conservation & branding and communication
development • Increase operations capacities of the NOW project team

Enhanced community engagement and monitoring, compliance, and enforcement:
• Build control and surveillance capacities
Enhanced
enforcement & • Implement monitoring and evaluation activities to assess reef health and fish stocks
management • Implement and strengthen coastal management plans for 14 villages
capabilities • Fund education programs and scholarships for Niuean children and community members
• Promote and capture traditional knowledge and practices in park management

Build a climate-resilient and sustainable blue economy to ensure long-term durability:
Sustainability, • Finance sustainable tourism and accreditation capabilities
resilience & risk • Provide sustainable business training through Niue’s Chamber of Commerce
reduction
• Allocate grants to sustainable local businesses and fund risk reduction measures

Become a Guardian of Niue Moana Mahu

Sponsorship of Ocean Conservation Commitments supports a paradigm shift in financing ocean
conservation. Early sponsors will directly contribute to Niue’s leadership in protecting their unique
ecosystems in a rapidly changing climate. Our Vaka (a traditional Niue canoe) is about to set sail and
we are excited to invite you to be a part of our journey!
Learn More

Sponsored Content Islands Business, October 2023 29