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The Global Innovation Lab - (Continuation of the Capital Markets Climate Initiative)
UK - Department for Energy Security and Net Zero
The Global Innovation Lab (the Lab) is a public-private partnership that brings together experts from Governments, investors and civil society to discuss and help understand the barriers to investment. It works to identify, refine, and launch innovative financial instruments to attract private investment in climate change mitigation and adaptation at scale. It aims to drive billions of dollars of private investment into low-carbon, climate resilient economies.
Poorest States Inclusive Growth Programme
UK - Foreign, Commonwealth Development Office (FCDO)
To enhance economic value generated for the poor as producers, consumers and employees by investing in impact enterprises. This will benefit up to 30 enterprises and generate employment incomes of at least £10m.To ensure poor and vulnerable people in low income states (especially women) benefit from economic growth through better access to financial services, and investing in private sector projects that will benefit the poor as producers, consumers and employers. This will benefit 12 million low income households with improved access to financial services and upto 30 enterprises in attracting additional investments worth £56 million.
Zimbabwe Economic Stability and Transformation (ZEST) programme
UK - Foreign, Commonwealth Development Office (FCDO)
This programme will support reforms to improve the economic and business environment in Zimbabwe, in order to unlock Zimbabwe’s prosperity potential. This will help reduce poverty in Zimbabwe through putting the country on a pathway to economic development and job creation. It will also benefit the UK through fostering trade and investment links
Supporting Inclusive Growth in Somalia (SIGS)
UK - Foreign, Commonwealth Development Office (FCDO)
SIGS programme is the UK’s flagship economic development programme in Somalia. Designed as a flexible and adaptive programme it will provide an immediate response to Covid19. It now has a stronger focus on remittances, supporting UK political leadership in this area, and, accelerated support to key Micro, Small and Medium Sized Enterprise (MSME) sectors including domestic food production and marketing. SIGS will deliver activities to 1. Develop and diversify businesses in approx. 4 high-value sectors. 2. Stimulate investment through developing the financial sector and related policy and or regulatory capacity. 3. Develop the evidence base on inclusive, sustainable, economic development in Somalia. SIGS will provide an essential policy and influencing resource for UK leadership on HIPC debt relief and or the associated reforms, including on the financial sector and counter terrorist financing.
HiFi - Harnessing Innovation for Financial Inclusion
UK - Foreign, Commonwealth Development Office (FCDO)
To provide access to poor people to a broad range of financial services such as payments, savings, loans, and insurance by continuing to support piloting new ideas and approaches, and to support technical assistance regulators and commercial players for enhancing industry knowledge and practice about business models, pricing and design of financial products. Access to these services enables consumers to acquire productive assets, invest in health and education and make other purchases that enrich their lives.
Good Governance Fund (Phase 3) Eastern Neighbourhood: Supporting Governance and Economic Reform
UK - Foreign, Commonwealth Development Office (FCDO)
The Good Governance Fund Phase 3 will deliver demand-led support to governance reforms that allow open societies and economies to flourish. The Good Governance Fund will focus on improving democratic and economic governance, primarily through strategically targeted technical assistance. The Good Governance Fund programme will deliver interventions on a flexible basis, based on identified needs and/or requests from government counterparts or civil society in beneficiary countries (Armenia, Georgia and Moldova) in support of governance and economic reforms. This will support delivery and seek to prevent/reverse democratic backsliding. The Good Governance Fund is part of an integrated portfolio of programmes operating in the Eastern Europe and Central Asia Directorate region and supports the delivery of four National Security Council strategies and the Integrated Review.
UK - Ghana Partnership for Jobs and Economic Transformation (JET)
UK - Foreign, Commonwealth Development Office (FCDO)
To promote Ghana as an investment destination of choice in West Africa; to support investment into job-creating sectors, particularly through UK investment, partnering development partners including CDC; to support Global Britain objectives across HMG, on trade, prosperity, bilateral cooperation with China on investment issues; to support the UK Ghana Chamber to meet wider UK objectives around responsible development and trade.
Supporting Economic Empowerment and Development in the Occupied Palestinian Territories (SEED OPTs)
UK - Foreign, Commonwealth Development Office (FCDO)
This programme will focus DFID economic development assistance to the Occupied Palestinian Territories (OPTs) in the areas of water, electricity, access & movement and trade, and fiscal losses and customs. Programme activities will support institutional capacity building and infrastructure development, working closely with the Palestinian Authority and Government of Israel. The overarching goal is to support economic growth and job creation in the OPTs.
UK Trade Partnerships Programme
UK - Foreign, Commonwealth Development Office (FCDO)
The UK Trade Partnerships Programme (UKTP) aims to increase trade with developing countries that have preferential trading arrangements with the UK. From 2018 to 2023 this has been with Economic Partnership Agreements (EPA) partner countries in Africa, the Caribbean and Pacific. From FY23/24, all developing countries with preferential trading arrangements with the UK have been eligible for support i.e. EPA countries and countries eligible to import goods to the UK using the Developing Countries Trading Scheme (DCTS). The programme delivers: (i) technical assistance to support the implementation of the new UK EPAs and the DCTS; (ii) communications campaigns to increase awareness amongst businesses in EPA and DCTS countries about the preferential access offered under these arrangements and how to use these preferences; and (iii) targeted support, e.g. with logistics or export marketing, to promote exports from EPA and DCTS countries to the UK.
Private Enterprise Programme Zambia Phase II
UK - Foreign, Commonwealth Development Office (FCDO)
To create investment in Zambia by building the capacity of micro, small and medium sized enterprises. The programme will aim to systematically transform the finance and investment environment for SMSEs in Zambia, by helping companies with potential to grow and become the engine of job creation in the economy. In addition, the programme will also provide independent technical advice and assistance to Zambian government bodies and private sector organisations engaged in projects that harness the potential of Zambia’s infrastructure, cities and towns to act as drivers for economic growth and job creation. Furthermore, the programme will support trade facilitation initiatives that will help reduce time spent at the Nakonde boarder post. The programme will create jobs at scale, including for women, disabled, and rural communities with high levels of poverty. SMSEs supported by the programme will help to improve nutrition outcomes and improve climate resilience of smallholder farmers.
Global Land Governance programme
UK - Foreign, Commonwealth Development Office (FCDO)
The goal of the Land Facility is to improve stability, inclusive growth and responsible investment by promoting more effective, efficient and equitable rural and urban land governance. The programme will help build basic capacity and systems and mobilise the necessary political support, so governments can implement and resource sustained land governance reform, leading to improved tenure security for all. Improved tenure security will contribute to a number of climate benefits; transformational change, reduced deforestation, increased resilience and sustainable land management practices. It will run for 7 years and will initially work in up to 10 countries in Africa and South East Asia depending on size and needs.
Kenya Catalytic Jobs Fund
UK - Foreign, Commonwealth Development Office (FCDO)
The Kenya Catalytic Jobs Fund will test innovations that have the potential for large-scale job creation, unlocking barriers in key productive sectors and/or generating employment for those that are most vulnerable e.g. youth living with disability. The programme will focus particularly on youth and through a flexible fund, it will provide a mix of technical assistance and grant support to innovations with the aim to generatre evidence on what works and what doesn't in creating jobs.
FSDA - Financial Sector Deepening Africa Platform
UK - Foreign, Commonwealth Development Office (FCDO)
To drive inclusive growth through a combination of grants and development capital investments that build financial markets and institutions. The programme delivers ambitious multi-country activities and focused, local interventions which seek to strengthen capital markets, promote financial innovation, and help Africa finance a greener future.
Innovative Ventures & Technologies for Development (INVENT)
UK - Foreign, Commonwealth Development Office (FCDO)
To encourage innovation amongst the private sector by provision of investment capital and business development services. To innovative enterprises in low income states of India for enterprises in developing countries by 2024. This will contribute to MDGs by benefitting 1 million individuals with improved access to affordable and efficient services in the Low Income States of India and Developing Countries.
IMPACT - Investment to fund innovative solutions for development and help develop sustainable investment markets
UK - Foreign, Commonwealth Development Office (FCDO)
Investment to fund innovative solutions for development and help develop sustainable investment markets that work for the poor. FCDO is aiming to catalyse the market for impact investment in Sub-Saharan Africa and South Asia. Impact investments are those which have both a financial and social return by benefiting poor and low-income people through improved access to affordable goods and services and income generating opportunities. The Impact Programme aims to promote solutions to the barriers and constraints that are preventing Impact Investing from scaling up in Sub-Saharan Africa and South Asia. The programme seeks to foster a significant increase in the volume and distribution of impact investment, reaching the underserved as consumers, suppliers, distributors or employees, in hard to reach, difficult geographies, and through innovative business models.
Africa Food Trade and Resilience programme
UK - Foreign, Commonwealth Development Office (FCDO)
The programme will stimulate an increase in regional food trade in sub Saharan Africa (SSA), contributing to satisfying a growing food demand and to addressing food shortages through regional food production, processing and trade, and generating more rural jobs, climate resilience and income for farmers. The programme will: (i) work with companies that source, process, and trade food in the region, to maximise investment, coordination and benefits to smallholder farmers and (ii) contribute to improve the transparency and predictability of government policies to unlock regional food trade. By 2023, we expect the programme will increase income for 1.8 million farming families. DFID funding will de-risk and stimulate over £100 million in private sector investment aimed at enhancing smallholder farmers’ productivity and resilience.
Manufacturing Africa - Foreign Direct Investment
UK - Foreign, Commonwealth Development Office (FCDO)
Manufacturing Africa helps drive the inclusive economic transformation needed to create jobs for the future and set countries on a trajectory out of poverty. It is expected to generate £1.2 billion of new Foreign Direct Investment in manufacturing sectors in Africa. It will do this by working with African Governments and international companies to facilitate new investments, such as by developing the business case for firms to undertake investment, or by supporting their negotiations with Government, and by addressing sector specific barriers preventing those particular investments from taking place. MA also aims to reduce carbon emissions from manufacturing through thought leadership as well as delivering technical assistance and supporting investments that facilitate climate change mitigation and or adaptation.
Improving the management of public funds for the benefit of people in Myanmar
UK - Foreign, Commonwealth Development Office (FCDO)
To improve the use of public finances so that they benefit the people of Myanmar. The expected results include contributing to increasing tax collection from large tax payers by 40% by 2020. The UK will fund a World Bank led programme to work with the Ministry of Planning and Finance to improve their ability to manage public funds and the capacity of parliament to provide oversight of public spending. The programme will also separately support tax administration, fiscal decentralisation, social accountability, and Myanmar’s involvement in the Extractive Industries Transparency Initiative.
India –UK Economic Cooperation Programme (ODA)
UK - Foreign, Commonwealth Development Office (FCDO)
This is a 3 year programme which will help India to implement its proposed economic reforms, climate and infrastructure development priorities, with a view to support its long-term growth objectives. It will provide expertise and support, primarily to Ministry of Finance, with some assistance expected to be provided to a small number of state governments and other Indian agencies. The programme will engage in areas where the UK is well-placed to make the greatest strategic impact: (i) private finance and reforms to the business environment; (ii) tax revenue mobilisation and public finance; and (iii) high quality, low carbon and resilient infrastructure. It will provide up to £1.5m ODA in technical cooperation in 2023/24, with funding allocations for the following two years to be confirmed, subject to a maximum of £4.5 million over 3 years.
ASEAN-UK Economic Integration Programme
UK - Foreign, Commonwealth Development Office (FCDO)
The programme will leverage expertise in UK institutions to support the Association of Southeast Asian Nations (ASEAN) member states implement ASEAN initiatives that will reduce poverty in the region and in particular support women’s economic empowerment and small businesses. It aims to reduce barriers to development in ASEAN Member States (AMS) and the overall ASEAN Economic Community, to increase prosperity and provide the foundation for more inclusive economic development that benefits the poorest. The programme will support reforms covering regulatory reform, financial services, and trade through technical assistance, capacity building and knowledge-transfer partnerships. It will look to harness the potential of digitalisation in ASEAN.
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