The Purpose of the Global Opportunities Fund (GOF)
The Global Opportunities Fund (GOF) is the FCO's newest Programme Budget. The purpose of GOF is to promote action on global issues in areas of strategic importance to the UK (see FCO Strategy). GOF has been created to fund projects around the world relating to the FCO's eight strategic international policy priorities. These projects will be co-ordinated through six thematic programmes:
- Counter Terrorism
- Climate Change and Energy
- Engaging with the Islamic World
- Re-uniting Europe Programme
- Strengthening Relations with Emerging Markets
- Human Rights, Democracy and Good Governance Programme (HRDGG)
Each of the Programmes has a Programme Team run by a Programme Manager. Programme Teams assess, monitor and evaluate projects. Funding decisions are taken at special boards chaired by the Programme Team Manager throughout the year, attended by FCO Departments, DFID, British Council and, where appropriate, Non-Governmental Organisations (NGOs). The Central Management Unit (CMU) of GOF co-ordinates training, communication, staffing and the general administration of all GOF Programmes to ensure consistency, clarity and coherence.
The GOF is a significant source of funding for delivery of the FCO's strategic international policy priorities, but it is not the only source. A number of other budgets continue to run along existing lines, notably the Global Conflict Prevention Pools (GCCP); Drugs and Crime Fund (DCF), Public Diplomacy Challenge Fund (PDCF); and other Foreign Office Directorate Programme Budgets (DPBs) including sponsored visits. The Central Management Unit (CMU) of GOF chairs an Inter-Fund Working Group with the GCCP, the DCF, and the PDCF to ensure FCO Programme budgets work together on key issues like focus, training and the project bidding form. The Human Rights Project Fund (HRPF) and the Environment Protection Fund (EPF) have been closed down. Agreed projects for Year One will be honoured.
The GOF budget is £67.4 Million for the following Financial Years (FY):
- FY 2003/04 - £09.5M
- FY 2004/05 - £17.6M
- FY 2005/06 - £40.3M
|General Information Leaflet (PDF, 37K)|