The Biodiversity Fund is an ongoing program with an initial allocation of $946 million over six years. The overall objectives of the Biodiversity Fund are to help land managers establish, manage and enhance native vegetation on their land, increase our stores of carbon in the landscape and, in so doing, maintain ecosystem function and improve the resilience of our ecosystems to the impacts of climate change.
In round one, 317 projects were funded at a total of $271 million. The majority of projects involved revegetation in the more extensive inland agricultural regions.
Round two specifically targets urban waterways and coastal environments. With the vegetable industry being a major landowner in the peri-urban and coastal areas, there is an opportunity for growers to obtain funding for restoring or revegetating area of parts of their properties not used for production. Unfortunately, round two applications closed in April 2013.
See the Biodiversity Fund website for information on upcoming rounds.