Aid Funded Business is about win-win. British companies win the business, the aid agency funds a sound project and the developing country gains a sustainable asset.
Aid Funded Business offers real opportunities. Multilateral agencies (such as the UN, World Bank etc) spend $60 billion every year on everything from tents to telecommunications. But you need to know - and be known by - the right people, in the right places, to break into this market. UK Trade & Investment's Aid Funded Business Team can help you through this process.
This is a potentially huge market for British companies and the UK currently gains between 4-17% of multilateral aid-funded business.
The most sought after expertise is in the healthcare, construction, consultancy, ICT, environmental, and transport sectors.
Much of the implementation of these aid funded projects is contracted out to the private sector, representing significant business opportunities for consultants, works contractors and suppliers of goods and services.
It is worth noting that the Donor Agencies do not fund projects designed by private companies. All projects are designed jointly by the Donor and the Government of the beneficiary country. As a private company you would bid to carry out the project as part of a international competitive tendering process.
If you are interested in finding out more about the opportunities for your company in the Aid Funded Business sector, please contact:
Claire Gamage
Tel. 0845 603 0084
Email: c.gamage@birminghamchamber.org.uk