Department for International Development fund (DFID): Inviting applications for ‘IMPACT Programme’ to design and test innovative investment products, tools, and services that aim to increase the flow and distribution of capital aligned to the Global Goals to Sub-Saharan Africa and South Asia.

Funding brief: The UK’s Department for International Development IMPACT Programme is pleased to announce that its first call for concept notes is now open. The first round of funding will channel up to £5,000,000 in grants to design and test innovative investment products, tools, and services that aim to increase the flow and distribution of capital aligned to the Global Goals to Sub-Saharan Africa and South Asia.

Need to know:
Ideas should demonstrate the potential to be replicated and scaled to strengthen the wider impact investing ecosystem.
The programme highly encourages initiatives that focus on interventions in South Asia and Sub-Saharan Africa through partnerships with organisations based in or currently working in these regions.
They will provide technical assistance to mentor organisations through the application process for those applicants that make it through to the second stage.

Criteria:Concept notes will be assessed against the following criteria:
Alignment and System level Impact: Concept demonstrates aligned objectives with DFID Impact Programme and the focus of this Call for Concepts (products, tools and services). It should operate at sector or market level and is likely to have a systemic impact in Sub-Saharan Africa and/or South Asia.
Sustainability (self-perpetuation): as part of the design of each investment, prospective grantees will be required to demonstrate how their initiatives will become independent of the Programme as part of their business cases and proposals, outlining how the initiative will become embedded in the impact investing ecosystem.
Inclusiveness: applications are expected to outline how stakeholders (local, regional) in SubSaharan Africa and/or South Asia will be included in the design, implementation and adoption of the proposed intervention; and
Additionality: The Programme operates according to a principle of additionality. This means that the provision of funding under the IMPACT Activity Fund through a contract or grant agreement must not substitute or replace an organisation’s core funding, or crowd out other funding sources.

Initiatives funded under the IMPACT Activity Fund will show additionality by ensuring that the outcomes would have been delayed or not achieved without support from the Programme.

NB. Concept notes with a significant co-funding or match-funding component will be prioritised.

For successful concept notes which move to the Proposal stage, they will assess formal proposals against the criteria listed above, but also according to the following additional criteria:
Impact Investing Identity: Each Proposal is expected to contribute to establishing and/or strengthening the identity of impact investing on a global, regional or local level through knowledge sharing and targeted dissemination activities.
Innovation: Proposals will clearly articulate the innovation that they are bringing to the Impact Investing ecosystem, and how this innovation will result in positive changes to the market.
Scale: The outputs from proposals should be scalable. The Programme will consider the “return potential” when it invests, particularly whether initiatives will kick-start or otherwise build the impact investing market.
Measurability: Proposals must set out clearly how they will measure performance, either according to quantitative and/or qualitative metrics.
Knowledge transfer: Proposals are required to include a plan for communicating and sharing knowledge and lessons learned within the Impact Investing ecosystem.

Focus of this call
Development of Impact Investing Products, Tools and Services to catalyse more impact capital to Sub-Saharan African and South Asian Markets In this first Call for Concept Notes, the Programme is inviting applications with innovative ideas for the development of specific impact investing products, tools and services that will strengthen the impact investing ecosystem ( i.e. the provider of service or support function in market) and stimulate investor interest and investment in enterprises in Sub-Saharan Africa and South Asia.

(i) Development and/or adoption of tools and services for use by ecosystem actors While efforts have been made by stakeholders in the impact investing sector to develop a range of impact investing tools and services, more needs to be done in order to attract the large institutional investors (both international and domestic) who are able to supply capital at the volumes required. Examples of the types of Tools and Services required might include:
Impact Ratings and Audit/Accreditation systems
Strengthen intermediaries in African and South Asian markets
Matchmaking and Corporate/Blended Finance services
Development of Impact Investing curriculum to develop professional expertise specifically in Impact Investing

(ii) Development and/or adoption of new investment products for investors and investees Currently, impact investors tend to adopt traditional investment approaches to the investment process, but there is a persistent challenge with a perceived lack of “investable” businesses in many markets and sectors. In order to accelerate the deployment of impact capital, there is a need to create new investment products which increase the number of “investable” businesses qualifying for consideration by impact investors and intermediaries. Examples might include:
New investment vehicles, able to meet the needs of impactful enterprises
New investment products for investees, tailored towards the needs of investees
Products which build secondary markets for investments and/or which increase liquidity
De-risking products

The Programme is now accepting funding applications for projects between £250,000 and £1,000,000. Exceptions can be made for compelling applications for grant amounts which fall outside of this range.

The Programme highly encourages initiatives and concepts that focus directly on interventions in South Asia and Sub-Saharan Africa, either directly to organisations based in these regions or through partnerships with organisations currently working in these regions.

Please note that the Programme will not be funding business-as-usual operations or be making direct investments into Impact Investment Funds or Accelerators.

Donor Name: Department for International Development fund (DFID)
Funding name: IMPACT Programme

The deadline for submitting a concept note is Wednesday 20th, November, 2019, 12 pm GMT/ 2 pm EST/ 4.30 pm IST.
● Full Proposal submission- 7th, February, 2020

Funding details link: Click to view

Funding limit: Up to £5,000,000

Special Notes: Please contact with the donor directly for further clarification and understanding.

Project start date: Not found
Project duration: Not found

Eligible organization: As below

The IMPACT Programme funds a range of non-state actors, including but not limited to, private sector companies; civil society organisations (CSOs), nongovernmental organisations (NGOs), international nongovernmental organisations (INGOs) research organisations, policy institutes/think tanks; and trade and industry associations.
The Programme will not be investing in individual businesses or impact investing funds but will be focused on reducing market-level barriers in the impact investing ecosystem. Applicants who demonstrate their commitment to sustainability and wider ecosystem engagement with counterpart or match funding will be considered particularly favourably.

Eligibility Criteria
Any organisations with a valid legal registration, and therefore a mandate to operate, may apply for funding under the IMPACT Activity Fund. This includes, but is not limited to, private sector organisations, civil society and not-for-profit organisations and entities. To be eligible to receive funding, interventions should:
Meet minimum eligibility criteria
Do no harm;
Contribute to delivering systemic changes to the impact investing ecosystem particularly in SubSaharan Africa and South Asia;
Have the potential of being adopted / replicated by the wider ecosystem;
Include proactive and inclusive measures for knowledge sharing with stakeholders in the impact investing ecosystem; and
Avoid excessive reputational risk to DFID, the IMPACT Programme, Palladium, and The Good Economy.

Eligible Country: No country bar found (Open to all regions)

Submission mail:

Other important link:
Guideline: Click to view
Form (Proposal): Click to view

How to apply: Please submit your application to before the deadline.FundForBangladesh-BorderVisit all Funding opportunities: Click to view
Visit all funding categories:  Click to view

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