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Impact Programme - Investment to fund innovative solutions for development and help develop sustainable investment markets that work for the poorUK Department for International Development
DFID is providing £757.3m over 23 years to catalyse the market for impact investment in Sub-Saharan Africa and South Asia, to improve the lives of at least five million poor and low-income people. Impact investments are those which have both a financial and social return by benefitting poor and low-income people through improved access to affordable goods and services and income generating opportunities. The Impact Programme has two components: investments and market building. CDC manages our investments through two funds. The first fund, the Impact Fund, launched in 2013 is a £305m fund of funds. The second fund, launched in 2015, is a £333m fund which makes direct investments into businesses that are highly developmental/transformative. Technical assistance is also being made available to the underlying investees. Our market building work (£30.5 million) complements our investments by providing the market infrastructure required for impact investing to scale.
The project is up to £65 million over five years, to support early stage testing and scale up of innovative technologies and business models that will accelerate access to affordable, clean energy services for poor households and enterprises, especially in Africa. The programme will include: i) partnership with Shell Foundation, enabling support to another 30+ early stage private sector innovations. ii) Innovate UK’s Energy Catalyst to stimulate technology innovation by UK enterprises; iii) build other strategic clean energy innovation partnerships (e.g. testing a new ‘P2P Solar’ crowdfunding platform; and scoping a potential new partnership with Gates Foundation on Mission Innovation); iv) skills and expertise development. To support early stage testing and scale up of innovative technologies and business models that will accelerate access to affordable, clean energy services for poor households and enterprises, especially in Africa
The Transforming Energy Access programme is leading development of innovative technologies, business models, partnerships and skills that will accelerate access to affordable, clean energy services for households and enterprises in developing countries.
To provide support to innovative businesses with potential to transform the agriculture sector, in ways that generate tangible positive impacts for smallholder farmers (productivity, incomes, resilience), Through co-investment with selected partners, de-risk emerging markets for agriculture innovations and attract additional sources of (commercial or near-commercial) capital. Through an action research programme develop a strong evidence base for equity-type approaches to early stage impact investment to inform internal DFID approaches, and contribute to global public goods on impact investment.