In 2000, Clayoquot Sound Biosphere Reserve was designated as a Biosphere Reserve by UNESCO. The designation created world recognition of Clayoquot Sound's biological diversity, and a $12M monetary fund to "support research, education and training in the Biosphere region". At the end of July 2006, a new set of Watershed Plans was approved in Clayoquot Sound, opening the door for logging to proceed through 10,000 hectares of the forest, including pristine old-growth valleys. As of 2007, both logging tenures within Clayoquot Sound are controlled by aboriginal logging companies: Iisaak Forest Resources controls Timber Forest License (TFL) 57 in Clayoquot Sound, and MaMook Natural Resources Ltd, in conjunction with Coulson Forest Products, manages TFL54 in Clayoquot Sound.