Business

DFID works with business to support growth and the achievement of the Millennium Development Goals.

DFID’s work with business encompasses:

  1. Support for initiatives aimed at increasing transparency in the private sector, such as the Extractive Industries Transparency Initiative (EITI), the Construction Sector Transparency Initiative and the Medicines Transparency Alliance (MeTA).
  2. Support for a number of public-private partnerships (PPPs), including the GAVI Alliance and the International Finance Facility for Immunisation (IFFIm).
  3. DFID Challenge Funds, which offer grants to businesses, on a competitive basis, to help cover start-up costs. These are aimed at business activities that benefit the poor but which are commercially viable and capable of expansion. Examples include the Food Retail Industry Challenge Fund and the multi-donor Africa Enterprise Challenge Fund.
  4. Support for international facilities, such as the Private Infrastructure Development Group, that encourage businesses to invest in infrastructure in developing countries. Between 2000 and 2006 DFID spent $120 million on private sector infrastructure projects.
  5. Research. DFID provides funding to the International Growth Centre (IGC), which aims to deliver research and analytical and policy support on growth to developing countries.
  6. Support for schemes aimed at promoting responsible business standards. These schemes include the Ethical Trading Initiative (ETI), the UN Global Compact and the OECD Guidelines for Multinational Enterprises.

 

Last updated: 17 Mar 2009