British High Commission in Bridgetown is seeking project proposals for the Economic Transparency Fund (ETF) .
What is the Economic Transparency Fund?
The British High Commission in Bridgetown’s Bilateral Programme Budget Fund closed on 31 March 2017. It was succeeded by the Economic Transparency Fund (ETF), which can provide funding up to a maximum of £10K for activity that should be completed by December 2017.
What type of activity can the ETF support?
The UK wants to supports economic reform across the Eastern Caribbean, to develop a more open and economically competitive environment. The ETF has been created to support activity which aims to strengthen institutions in support of regional economic growth. For example, the ETF can support projects that aim to build the capacity of local, governmental or parliamentary institutions. It is also able to support small projects which, for example, relate to specific events. But it can also support larger projects, such as OAS election monitoring missions. The key factor is that projects should aim to support economic growth in the Eastern Caribbean region.
Where can ETF funded projects take place?
ETF projects can be focused on one or more of the following countries: * Antigua and Barbuda, Barbados, St Kitts and Nevis (Non-ODA eligible) * Dominica, Grenada, St Lucia and St Vincent and the Grenadines (ODA eligible).
How can I bid for funding?
We are keen to hear about what projects you have in mind. If you wish to apply for funding, you will need to submit a proposal. The bidding process is broken down into two phases. Phase 1 is described below. Phase 2 is set out further down this page.
Phase 1: Concept Forms & Activity Based Budgets
- You must submit a proposal concept form.
- You will also need to submit an Activity based budget (ABB), to explain how much money is required to deliver your proposal and how the funds will be spent. Guidance on how to complete an ABB can be found at the top of the page
Completed proposal forms should be sent to Bridgetown.Projects@fco.gov.uk. The deadline for submitting concept forms is 27June 2017.
What will happen after I submit a proposal concept form?
Your proposal concept form will be reviewed by a funding board. If the board believes your concept has potential and will deliver a high impact, you will be asked to submit a more detailed proposal.
This is Phase 2.
Please be aware that, if your project concept is approved, it does not mean that you are guaranteed to receive ETF funding. The board’s approval means that they like your idea and want further information on your proposal before they decide which projects to fund.
What happens in Phase 2?
Phase 2: Full Proposal Stage
- We will ask you to complete a full project bid form.
- Guidance on how to complete a full bid is here.
- Your bid form must be sent to Bridgetown.Projects@fco.gov.uk
- The deadline for submissions of the full bid is 14 July.
What happens if my full bid is successful in Phase 2?
If your bid is successful, you will be contacted after 25 July. We will then put in place arrangements for the disbursement of funds and the monitoring and evaluation of the project. These arrangements will include submitting quarterly project and financial reports.
Do you have any further guidance or advice?
An outline of the timescales for Phase 1 and 2 is below.
Phase 1-Proposal Concepts
|13 June||Issue Call for proposals|
|27 June||Deadline for Initial proposals|
|28 June||Submissions reviews-shortlist sift|
Phase 2 -Full Project bids
|30 June||Request Full bids|
|14 July||Deadline for Full bids|
|24 July||Provisional Boarding Meeting-chose final projects|
|28 July||Notify Implementers|
Further guidance and all of the forms at the bottom of this page.
Any queries should be forwarded to email@example.com
How can I improve the chances that my proposal / bid will be approved?
We will be looking for:
- Fully completed project forms. All sections of the forms must be properly completed. Incomplete forms will be rejected.
- Projects that are well thought out that will have a positive and measurable impact.
- Projects which have clearly defined media plan, to help promote the work and UK support.
- An accurate ABB that forecasts when spending will take place and demonstrates good value for money.
- Clear evidence of local demand / need.
- Project viability, including capacity of implementing organisation(s).
- Project design, including clear, achievable objectives/outputs
- Good risk and stakeholder management.