Found on Beechey Island are graves, a monument, and historic resources relating to the expedition, and an outpost later established to assist those engaged in the search for Franklin.
Plans are to have the island established as a territorial historic park.
Thus far, the island has been withdrawn from selected lands under the Nunavut Land Claims Agreement, and in 1994 the Minister of Canadian Heritage declared that the historic resources of Beechey Island were of national historic significance. Support from the nearby community of Resolute is currently being sought.