UK National Security Council
The Cross Whitehall Prosperity Fund is a £1.3 billion programme, delivered over 2016-2021, to promote economic reform and development in developing countries.
Supporting prosperity is a central objective of UK international policy. No country can reduce poverty or graduate from aid without economic growth. The Fund will focus on high opportunity countries where the UK can have a real impact. A significant portion of the Fund will be dedicated to large-scale multi-year initiatives.
The Fund is accountable to, and given strategic direction by, the National Security Council. It will draw on expertise from across government in order to support all of government’s prosperity objectives. It represents a step change to HMGs work on promoting growth in ODA eligible countries, and will be rigorously monitored to maximise impact and value for money.
Sustainability is one of the Fund’s key objectives. Each programme is assessed for how green, inclusive and long lasting interventions are.
Please see this page for details: https://www.gov.uk/government/publications/cross-government-prosperity-f...
£1.3 billion Prosperity Fund from 2016 to 2021, to which a portion goes to energy sector reform
Varies depending on country and project
Please see this page for information: https://www.gov.uk/government/publications/cross-government-prosperity-f...
Monitoring reports will be required on at least a quarterly basis.
Activities are developed by UK government bodies in partnership with host governments and other stakeholders.
It is anticipated a portion of the Fund will work to open up markets to climate finance flows.