TNC in the Caribbean is Boosting Coral Conservation in The Bahamas
We are working across The Bahamas to protect and restore coral reefs that support the economy, sustain fisheries and tourism, and coastal resilience.
Coral reefs are critical to The Bahamas’ economy and environment, contributing USD $671 million annually to tourism and USD $23.5 million to fisheries, as well as providing coastal protection for vulnerable communities.
In 2025, TNC’s Northern Caribbean Program achieved an important goal toward reinvigorating the Bahamas Coral Innovation Hub (BCIH) by renewing an agreement with The Cape Eleuthera Institute and The Perry Institute for Marine Science.
Under the renewed agreement, TNC and Hub partners will:
- Develop and implement a five-year strategic plan, including a targeted reef restoration program by 2030.
- Advance research on and increase propagation of climate-resilient coral species.
- Expand the use of innovative reef monitoring techniques.
- Lead trainings to expand local capacity for coral restoration and protection.
- Provide scientific and technical guidance to inform national policy development and support local partners engaged in coral conservation.
Funding Secured for Bahama Reefs Program Phase II
The approval of the replenishment request to the Global Fund for Coral Reefs (GFCR) confirms strong confidence in the Impact Funding for BahamaReefs Phase I Program’s results and long-term strategy.
Phase I delivered notable successes including:
- Reef-positive enterprises advanced restoration efforts, including the Reef Rescue Network, which outplanted over 1,500 coral fragments and raised more than USD $693,000 through philanthropy, co-financing, and market revenues—achieving 2.8x leverage on the initial GFCR investment.
- The Bahamas Protected Areas Fund’s Voluntary Opt-In program on the Customs Click2Clear platform generated over USD $146,000, yielding a 4.7x return on grant support.
- The Elizabeth Harbour Conservation Partnership installed 64 eco-friendly moorings to reduce anchor damage and now generates more than USD $122,000 annually in revenue.
A major advancement for Phase II is the new MOU with the Bahamas Development Bank, signaling increased national-level support for reef-positive businesses. In parallel, the Small Business Development Center’s Blue Economy Accelerator is preparing to launch its first cohort in 2026, aiming to strengthen local entrepreneurship and unlock future concessional lending. Forty micro, small, and medium-sized enterprises are expected to benefit.
By integrating conservation, community livelihoods, and innovative finance, BahamaReefs is well positioned to sustain and scale its impact as additional funding becomes available to achieve the full vision of the program.
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