This impact evaluation assesses FP034, a wetland restoration project implemented across eastern and south-western Uganda. Using a quasi-experimental design and qualitative evidence, the evaluation finds that the project increased awareness of wetland degradation, promoted crop diversification, and encouraged climate adaptation practices. However, these gains did not translate into measurable improvements in household welfare, income, or food security during the evaluation period. The findings underscore the importance of timely, context-appropriate livelihood support and adaptive management to ensure that ecological restoration and livelihood objectives reinforce one another over time.