Prosperity Fund set up for South African projects

Tuesday, February 28, 2012

Pretoria - The British High Commission has launched a Prosperity Fund that will see it invest 1 million pounds (about R12 million) in South African projects linked to prosperity, trade and low carbon growth.

"This 1 million pounds is part of a global fund, the objectives of which are to build prosperity by increasing exports and investments, opening markets, ensuring access to resources and energy security, and promoting sustainable global growth, including avoiding climate change," the British High Commission said.

It has invited organisations to submit project proposals that fulfil the criteria outlined in the Prosperity Fund Strategy. The strategy, together with the bidding form, can be downloaded from http://ukinsouthafrica.fco.gov.uk/

Concept bids should be sent to info.project@fco.gov.uk by no later than 2 March 2012.

Information about the fund can be obtained by contacting info.project@fco.gov.uk or calling 012 421 7504 / 7604.

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