THE LAUNCH OF SFACT’S 5 YEAR STRATEGY

Ellie Matthew – October 2023

In 2023, we launched our 5-Year Strategy with four overarching themes.

1. By 2027, SFACT aims to fund educational knowledge through awarding postgraduate scholarships to 30 students.

As part of our 5-year strategy, SFACT are proud to provide funding for postgraduate research and training in sustainable small-scale fisheries and advocacy. We currently have 13 scholars in process, specialising in subjects within the Indian Ocean region, whose research and training aligns with the United Nations Sustainable Development Goals (SDGs).

We have established relationships with universities all around the world, specialising in four main subjects: Law of the Sea, Marine Ecology, Socio-Economics, and Innovation.

2. By 2027, SFACT aims to strengthen our relationship with educational institutions globally by establishing a memorandum of understanding (MoU) with 10 universities.

By developing partnerships with universities, SFACT aims to increase research efforts in sustainable small-scale fisheries and advocacy in the Indian Ocean region. Through increased research efforts SFACT seeks to better understand how fisheries management can be improved and coastal communities advocated for. 

MoUs allow SFACT to support universities through the exchange and supporting of research fellows; collaboration on research projects and empowering communities; access to opportunities for matched funding through external partners; and the exchange/sharing of resources and information. SFACT have already established MoU partnerships with many universities and is set to exceed the annual expectations for MoUs signed by the end of 2023.

3. By 2027, SFACT aims to increase our impact by securing matched funding for every $1 invested by SFACT.

As part of our 5-year strategy, SFACT is aiming to secure matched funding for every $1 invested by SFACT to not-for-profit organisations, research projects and grassroots programmes. It is vital for not-for-profit organisations to secure seed funding as this allows them to establish credibility, demonstrate their potential impact, and attract further support from donors and funders. For this reason, SFACT often provides seed funding to organisations or projects that have not received funding before, with the aim of providing such organisations with leverage to procure ‘matched’ funding from other funding bodies. 

In procuring matched funding, organisations can maximize the impact of their work, enhance financial stability, and cultivate meaningful connections within their communities.

4. By 2027, SFACT aims to help to scale the capacity of local partners to benefit 50,000 people in coastal communities.

By helping to scale a broad range of programmes with local partners in the Indian Ocean region, SFACT is aiming to benefit 50,000 people or more in the Indian Ocean’s vulnerable coastal communities. 

The programmes that SFACT chooses to support are aligned with Sustainable Development Goal 14 ‘Life Below Water’. These programmes vary from funding training and technical support in small-scale fishery supply chains and advocating for Coastal States on a government level; to advancing strategy developments for sustainable fisheries and coastal communities. In addition, SFACT are also supporting programmes aimed at conserving and protecting marine resources, by promoting the sustainable use of global fish stocks and natural resources, providing poverty relief through hardship funding and donations of equipment, and ensuring the health of aquatic ecosystems is at the forefront of fishery policy. 

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