The China Prosperity Fund Programme is now inviting tenders for projects in 2017/18.
The China Prosperity Fund Programme is now inviting tenders for projects in 2017 to 2018 under four key thematic strands:
- Infrastructure Alliance
- Financial Services
- Rule of Law for Businesses
- Energy and Low carbon.
There will be no call for proposals. All procured projects are expected to be completed by 31 March 2018.
Global Prosperity Fund
The 2015 Strategic Defence and Security Review announced the cross-government Prosperity Fund that will last from 2016 to 2021. The Fund’s primary objective is to promote inclusive economic growth and poverty reduction, in accordance with Official Development Assistance rules and the International Development Act. As well as contributing to a reduction in poverty in recipient countries, the Fund’s secondary objective is to create opportunities for international business including UK companies. The UK government is looking to identify and support programmes and projects which meet both the Fund’s primary and secondary objectives.
The role of the Fund is also set out in the UK aid strategy, Tackling Global Challenges in the National Interest.
China Prosperity Fund Programme 2017 to 2018
China has been identified as a potential recipient country for Prosperity Fund programming. Subject to Ministerial approval, the Embassy is now designing a new multi-sector, multi-year programme, building on the successful outcomes of projects supported by Strategic Programme Fund. The China Prosperity Fund Programme is expected to include projects in at least four thematic areas: Infrastructure Alliance; Financial Services; Rule of Law for Businesses; and Energy and low carbon. Other thematic areas may be included at a later date. Subject to approval, we expect the multi-year programme to be launched in 2018 (the exact timing is not yet known).
This tender process is for a series of projects, to be carried out during 2017 to 2018, aimed at delivering additional scoping studies to inform and support the design and development of the multi-year programme, whilst also maintaining key stakeholder relationships and building on the results of recent project work.
Change from call for proposal to invitation to tender
In 2017 to 2018, in order to align with the procurement requirements for the upcoming multi-year programme, the China Prosperity Fund Programme will not be launching a call for proposals. Instead, the majority of projects will be procured through an invitation to tender. We will use FCO’s common procurement system, Bravo.
Each project’s terms of reference will be uploaded to the Bravo online platform. Tendering launch dates and submission deadlines will vary from project to project, so we strongly encourage you to check the system frequently. Tendering opportunities can be accessed on Bravo by clicking “view opportunities”. Although timelines may differ slightly, we expect that most of the TORs will be on line between July and October 2017, and will need to be completed by 31 March 2018.
China Prosperity Fund strategy 2016 to 2017
PDF, 340KB, 15 pages
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For any project specific queries, you may use Bravo’s messaging function after you register; for general queries about the China Prosperity Fund Programme, please contact PFGeneralQueries@fco.gov.uk.