Updated Nov 23, 2017

Business Partnerships Core Fund

Offered by Business Innovation Facility and Department for International Development

The Core Fund supports multinational companies to conduct commercial activity in a way that benefits poor people in developing countries. We co-finance projects that help multinational companies to overcome the barriers that they face when developing inclusive business models. Through this activity, we also support the development of a stronger service provider market.
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GrantType
Open Year RoundDeadline
UnavailableAmount
UnavailableDuration(Months)

Mandatory Requirements

StageStage 6: Sustained Scale
Implemented in:
RegionAfrica and Middle East and North Africa
CountryN/A
Focus AreasEconomic Growth and Trade
Gender
Climate Change and Resilience (Environment)
See specific eligibility details below.

Milestones Reached

Countries Implemented In5
Funds Raised$500,000,000

Other Requirements

Target BeneficiariesThe activity must have a genuine development impact, for example by raising incomes, creating jobs, empowering women and girls, providing access to goods and services for the poor, or mitigating climate change.
Planned Usage of FundsCompanies may work in any sectors except for extractives, arms / defence, tobacco, gambling and alcoholic beverages.

The activity should have an element of innovation. This could include a new geography, market, sector, product or an innovation in the business model.

Companies must be able to show that the proposed activity would not occur at all, as quickly, or with as much benefit to the poor without BPF support.

The activity must not duplicate other activity funded by DFID or other organisations.
Potential for ScaleThe activity must have potential for growth as part of the core business with a view to establishing a long-term commercially viable business model.
Financial StatementsThe company must invest it own resources alongside BPF support, at a levelthat demonstrates the company's strong commitment to the success of the project.
Impact Evaluation/M&E PlanCompanies are responsible for delivering the project and completing a project evaluation by March 2019.
Reporting RequirementsCompanies are expected to share knowledge and lessons learned from their project with the BPF.

Companies will be asked to regularly report on project progress and provide data to measure the outputs.
OtherThe company should have sufficient existing or potential in-country capacity to implement the project. If not, partners that can address this gap should form part of their application.

Application Directions

The total length of time to complete the application process depends on the complexity and maturity of the project concept. On the basis of our initial discussion, we can advise you on the estimated timeline to prepare and submit your application.

The BPF Core Fund has a rolling application process – we are open to applications for projects that will be implemented by March 2019.

Cristina Bortes(BPF Programme Director):cristina.bortes@pwc.com

Andrea McCormick
(BPF Team Leader):andrea.mccormick@pwc.com

Tom Harrison
(BPF Technical Lead):tomharrison@partnerfordevelopment.eu

Application And Awards Process

TheBPF Selection Panelmeets regularly to review applications. Once your application is submitted, you can expect to wait between 2 to 8 weeks for a decision (depending on when the next Selection Panel meeting is scheduled).

If successful, the project can begin as early as 3 to 6 weeks after the approval decision (subject to agreeing contracts).

Attachments

bpf-corefund-apply-web.png
bpf-core-fund-eligibility-and-selection-criteria.pdf
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