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Conservation of species is challenging, and there is continuing interest in finding moreeffective means to achieve conservation goals. State provision of conservation occurs in many countries, alongside a growing range of alternative providers including Not For Profit organisations and the private sector. Few studies have compared the effectiveness and efficiency of State provision against Not For Profit or private sector provision. This researchassesses the effectiveness and cost-effectiveness of multiple-species projects in regard to the conservation of threatened and endangered species using a cost-utility analysis. Three State managed projects, three Not For Profit managed projects and one project managed by the State yet funded privately, were evaluated. All of the Not For Profit managed projects were enclosed by predator-proof fences, while the other projects relied on natural barriers and/orintensive predator control methods. Results indicate that State managed multiple-speciesprojects are both more effective and cost-effective than those projects managed by Not For Profits. While the Not For Profit managed projects are not so effective in improving national population totals, they are essential for ensuring regional biodiversity of threatened and endangered species. The objectives set by the projects appear to have a significant impact ontheir outputs. A number of recommendations are made for improving conservation efforts in the future. Most importantly, the development of a threatened and endangered species database to be contributed to by all conservation project providers. The importance of standardised reporting techniques is highlighted to allow comparisons both over time and between projects.
