News article

Prosperity Fund

This world location news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Bidding open for new projects

The British Embassy Seoul has this week opened bidding for its 2014 Prosperity Fund.

Established in 2011/2012, the programme exists to support projects which enable the UK to meet its foreign policy priority of creating the conditions for sustainable global growth and development.

In 2013, recipients included government and other official bodies, Non-governmental organisations(NGOs), Universities and Research Institution. Organisations and individuals are encouraged to submit bids as soon as possible with formal work on projects selected through the scheme expected to begin in April this year.

Launching this year’s programme, Frances Wood, the British Embassy’s Prosperity Counsellor, said:

I’m delighted to be re-launching the Prosperity Fund in Korea. We are looking for projects that take a creative and targeted approach in order to deliver sustainable and long-term outcomes. This year gives represents an excellent opportunity to build on the foundations of President Park’s State Visit to the UK and to expand our cooperation across a range of sectors. We’ve seen some fantastic bids in recent years and I look forward to receiving more in the coming weeks.

Full information on the fund, including the sectors covered and a timeline, is available here:

Prosperity Fund Korea Programme