The Prosperity Fund is the FCO’s dedicated annual fund supporting prosperity work overseas. Through targeted projects, it aims to support the conditions for global and UK growth: Openness, Sustainability, Opportunity and Reputation.
As a devolved programme, the Prosperity Fund is mostly allocated to Prosperity Fund priority markets including Africa, Brazil, China, India, Latin America, Mexico, South Africa, South East Asia, South Korea, Turkey and, through our delegation in Paris, the Organisation for Economic Co-operation and Development (OECD) and International Energy Agency (IEA). Priority posts run their own bidding rounds, details for which can be found on individual posts’ websites.
2015 to 2016 Prosperity Fund central programmes
However we recognise that high impact projects can also come from Prosperity Fund non-priority countries. For FY 2015 to 2016 we are therefore holding back approximately £2m for the Fund’s central programmes. The focus for this funding will be specifically high-impact projects for non-priority countries or for multi-country, regional, global or thematic activity. Bids for Prosperity Fund priority countries will only be accepted if they have a multi-country, regional, global or thematic focus.
We are pleased to announce the call for bids for the Prosperity Fund central programme for financial year 2015 to 2016.
How to apply
- Detailed guidance on how to apply is contained below in the Guidance for Potential Implementers. Please read this document carefully, together with the FAQs.
- Please also familiarise yourself at an early stage with the standard grant contract.
- Bidding templates are provided below. The deadline for submitting project concepts to the British Embassy or High Commission is Friday, 12 December. Concept bids should be no more than three pages in length.
- As a guide, we would expect project bids to be greater than the value of £80,000 to reflect the strategic nature of the Prosperity Fund and the need for high impact.
- Projects should be planned so that they are implemented and completed by March 2016.
How proposals are assessed:
Bids will be assessed against the following criteria:
- Value for money
- Strategic fit
- Evidence of local demand or need
- Project viability, including capacity of implementing organisation(s)
- Project design, including clear achievable impact
- Risk and stakeholder management
Please read the guidance for 2015 to 2016. These documents cover the type of projects that we would like to see, the application process, ensuring a quality bid and getting the budget right.
Full proposal documents
Implementers will be invited to submit a full proposal if their project concept is successful.
Please see the full proposal forms and template activity based budget below:
Please contact Prosperity.ProgrammeFund@fco.gov.uk with any questions or queries.