UK's Blue Planet Fund Announces £2.2 million Boost to ORRAA to Replicate and Scale Innovative Ocean Finance Solutions in the Global South
KENYA Friday, June 19, 2026, 00:10 (GMT + 9)
Six finance and insurance initiatives from impact bonds for small-scale fishers to blue carbon credits and parametric insurance were announced at the Our Ocean Conference Mombasa — At the Our Ocean Conference in Mombasa, the UK’s Blue Planet Fund today announced a major new funding commitment of £2.2 million (approximately US$2.78 million). Backed by the UK’s Blue Planet Fund through the Ocean Risk and Resilience Action Alliance (ORRAA), the selected initiatives will drive investment into coastal communities and the Ocean. Photo: ORRAA A combined total of £2.2 million will be split between six initiatives. Having already established proven pilots, they will use the new funds to scale up their solutions, turning risk into resilience and opportunity. This takes the UK government’s total funding for ORRAA to £15.5 million (... FULL STORY