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The report finds that while natural infrastructure (NI) efforts in the Canadian Prairies are nascent and often fragmented as site-specific pilots, there is growing momentum to use conserved, restored, or engineered ecosystems to meet water infrastructure needs. Grey infrastructure remains the default choice due to a lack of standardized valuation tools, limited municipal capacity, and a policy environment that often prioritizes resource development over restoration. The document highlights the critical need for watershed-scale collaboration, the integration of Indigenous knowledge and rights, and the mobilization of diverse capital—including private finance and endowment funds—to bridge the infrastructure gap and address climate-induced risks like floods and droughts.