Following defoliation, grasses regenerate foliage from basal buds. We used a combination of field, glasshouse and growth-room experiments to investigate the role of carbohydrate reserves in regrowth of Poa fawcettiae Vickery following fire or mock grazing, and the effect on reserve dynamics of post-fire defoliation, drought and seasonal factors. Fructan reserves of burnt plants were depleted during foliage regeneration, and remained below those of unburnt plants for up to 10 months in the field, and for up to 3 months in the glasshouse. Plants were resilient to occasional mechanical clipping of foliage, but experienced significant depletion in fructan reserves and high tiller mortality when clipped at frequent intervals. Cold treatment led to fructan concentrations almost double those in plants growing at a warm temperature, explaining peak autumn levels in field plants, whereas a short drought treatment doubled the concentration of ethanol-soluble carbohydrates. Taken together, these data show how the dynamics of carbohydrate reserves, and specifically tiller-base fructan reserves, explain the vegetative regeneration capacity of P. fawcettiae.