Ffff fisheries and finance presentation 2013 tasha sutcliffe


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Ffff fisheries and finance presentation 2013 tasha sutcliffe

  1. 1. Capital Effects in Fisheries The Challenge and Opportunity
  2. 2. Ecotrust Canada’s Fisheries Program » Our vision is that fisheries and marine resource use meet the social and economic needs of adjacent communities without compromising ecological integrity or the ability of future generations to meet their needs.
  3. 3. Ecotrust Canada’s Fisheries Program » We work with the fishing industry and the communities reliant on fishing to build solutions to the challenging and complex issues facing them. » Our work on social finance for solution building have been a part of trying to help address these identified challenges.
  4. 4. Looking back… » Fisheries were complex and had challenges that required change, but it was an enviable lifestyle choice, decent living, full time work, respected by the community, and steeped with culture and tradition.
  5. 5. Keystone of Culture and Economy Canadian wild capture seafood industry is worth 3.5+ billion but that is just one layer of value T Buck Suzuki, Ecotrust Canada
  6. 6. Keystone of Culture and Economy
  7. 7. Who Fish is Gifted to for Food
  8. 8. Still a Keystone of Culture and Economy Seafest Prince Rupert 2010
  9. 9. Challenges Facing Fisheries Today » Shifting allocations and licencing policies » Failing infrastructure » Access loss to communities » “Arm chair fishermen” or Corporate consolidation » Fluctuating market prices » Rising costs (lease fees, equipment, monitoring, fuel) » Competition for ocean space and resource use » Succession » High cost of access (licences, quota, season start up) » And…
  10. 10. Challenges Facing Fisheries Today » Limited or no access to capital due to: » High or variable risk nature of industry, » Lack of credit history and/or low financial literacy » Minimal capacity to build proposal for financing » Low understanding of industry by financers » Those with the greatest access to capital have the advantage; small boat fishermen or small rural communities typically don’t have it.
  11. 11. Why Does This Matter? » Loss of economic benefit to adjacent communities » Loss of capacity and infrastructure that support other community needs » Migration away from community and/or high poverty levels » Many spin off negative impacts on health and welfare of communities and citizens on our coast, traditionally reliant on their local ocean resources. » Increased costs to society » And because, there is still hope and opportunity
  12. 12. Turning the Tide SMFCA Visioning Workshop
  13. 13. Turning the Tide – Building Solutions » Licence banks/cooperative governance and financial models » Community fisheries strategic planning » Market levers – traceability, labeling and branding » Innovation in management and monitoring tools
  14. 14. Fisheries Diversification Database Community Objectives Decision points Historical/ Ecological data Revenue data Socioeconomic & Cost data Risk/Future Indicators Multiple Scenarios Basket of Fish Long term fisheries/PICFI planning and economic independence Minimize exposure to risk/ Vulnerability for fishery Policy Change INPUTS OUTPUT S Building Solutions – Community planning
  15. 15. Building Solutions – Connecting to Markets
  16. 16. Lots of Work to do » Supportive policy environment » Supportive and diverse markets » Educated seafood buyers and eaters » Local business development capacity » Aware and informed financial institutions and financers
  17. 17. Need Access to Capital!
  18. 18. Types of Social Finance, and Current Reality Reality of what is available What is most often needed to make the desired change
  19. 19. Need Capital For a Range of Enabling Activity » Season start up » Fishery start up » Infrastructure development » Business and market development
  20. 20. Necessary Conditions to Enable Financing » Must have security of access to leverage investment from both outside financers and fishermen. » Need collaboration and economy of scale to acquire and maintain markets and improve business case » Good governance and management plans designed to achieve triple bottom line objectives. » Complimentary regulatory environment » Need capacity and facilitation to connect the opportunity to those willing to consider innovative social finance.
  21. 21. The Opportunity » Reverse current trends and regain benefits back to the community and to fishermen. » Coordinating assets through broader collaboration, can reduce risk, and maximize benefit. » ROI for fishermen, communities, and financers can be greatly increased by building local viable and sustainable fleets. » Social finance is designed to address just such an opportunity; fisheries can be a great example of how to do social finance right with high triple bottom line returns
  22. 22. Thank you for listening! For more information contact Tasha Sutcliffe at tasha@ecotrust.ca