SME questionnaire to improve international reach
Energy Systems Catapult is creating a new support process to help UK innovators get access to Prosperity Fund markets.
Our Energy Launchpad was set up to connect UK innovators to overseas markets, opportunities and expertise, while helping to engage and inform foreign investors about the UK energy system.
The first step is to seek feedback from the UK innovator community on their priority markets in relation to Prosperity Fund supported regions, to inform our decision as to which two markets to focus on.
Prosperity Fund markets include (click image below to enlarge):
We’re asking SMEs to fill out the questionnaire HERE to help explore:
- Which Prosperity Fund markets are a priority
- Understanding if innovators have ever tried to engage/export to these markets
- How we can support innovators in engaging/exporting to these markets
- What innovators consider to be the barriers to export in these markets
The questionnaire will close after Friday 18th September.
What is the Prosperity Fund?
The Prosperity Fund is UK Government cross-Departmental fund with a £1.2 billion portfolio of programmes over seven years. The Fund also looks to create opportunities for international business including UK companies as a result of this economic growth, as a secondary benefit.
The Funds focus is on ODA-eligible (Official Development Assistance) middle-income countries where around 60% of the world’s poor live and where 60% of global growth will come from by 2030 (OECD). The Fund includes a small non-ODA component of £33 million, split over 4 years (2016 to 2020)
The Fund provides expertise and technical assistance in sectors and countries where there is the highest potential for inclusive growth, to:
- promote economic reforms and remove barriers to trade
- strengthen policy capacity and build strong institutions
- reform key sectors such as infrastructure, energy, finance, education and healthcare
- tackle corruption
The Prosperity Fund forms a small but strategic proportion of the UK’s total ODA commitment of 0.7% of Gross National Income (GNI). It represents a strategic shift in the ODA resources spent on assisting countries to grow and develop by focusing on multi-year programmes in middle-income countries, which will help to make the world a more prosperous place.
All aid projects and programmes comply with the International Development Act 2002, the International Development (Gender Equality) Act 2014, the OECD Development Assistance Committee (DAC) criteria, and UK Government transparency commitments on ODA spend. All UK ODA is untied.