The purpose of the Fund is to ensure long-term financing for the protection of 30 particularly biodiverse areas in developing countries in order to help stop the global loss of biodiversity. Ecosystems must be intact in order to provide their important services and facilitate local development. In order to support this, the Fund will build a capital stock of about one billion US dollars by 2030 in order to secure long-term core funding for the protected areas.
So far, Germany has committed a total of 182.5 million euros for the LLF (as at January 2023) and is planning to provide another 30 million euros in 2023 (pending budgetary procedures and parliamentary approval).
In every protected area, one third of the costs is covered by private partners. The Legacy Landscapes Fund is an independent foundation that pools public and private funding. Contributors include – besides the BMZ – France, Norway, private foundations, enterprises, and international nature conservation organisations. The Fund also receives support from many other partners, for example the UNESCO World Heritage Centre and the International Union for Conservation of Nature (IUCN).
The LLF was founded in December 2020 and began to operate in spring 2021.
It is functioning already and is making a difference on the ground. Long-term financing is already being provided for seven protected areas. Together, they comprise some 73,000 square kilometres, an area larger than the combined territories of Belgium and the Netherlands.