slide1 n.
Skip this Video
Loading SlideShow in 5 Seconds..
Food Retail Industry Challenge Fund PowerPoint Presentation
Download Presentation
Food Retail Industry Challenge Fund

Food Retail Industry Challenge Fund

533 Vues Download Presentation
Télécharger la présentation

Food Retail Industry Challenge Fund

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. Food Retail Industry Challenge Fund

  2. What is FRICH? • Food Retail Industry Challenge Fund • competitive challenge fund funded by DFID • challenges the private sector to increase Africa – UK food trade • Supports innovative projects that improve market access for African products • aims to raise awareness among UK consumers and expand consumer demand in the face of concerns about food miles, environmental conservation, labour standards and food safety

  3. What is a Challenge Fund? • competitive process through which grants are made to businesses in response to proposals to overcome a particular challenge • designed to develop new public-private partnerships to combat poverty • Builds on the strengths of private sector – creativity, speed of response, delivery capability

  4. What is a Challenge Fund? • co-fund projects with grant recipients normally funding most of the costs and at a minimum 50 per cent • work by tipping the investment decision to test new ideas from a “no-go” to a “go”. • backs projects and not individual firms, institutions or organisations • their strength is in triggering innovation

  5. Why are we doing it? • 7 out of 10 Africans depend on agriculture • several million people rely at least partly on sales of fruit, vegetables, cocoa, coffee, tea and other agricultural commodities to the UK. • positive developmental impact of an increase in trade • UK shoppers spend about £1 million every day on food products from Africa. • farmers find it hard to meet buyers’ exacting standards

  6. What will FRICH do? • FRICH will award grants to: • encourage investments at different points along African supply chains • test new supply chain initiatives that deliver development benefits to farmers and bring more information about those farmers to their customers. • encourage the development of business models with a much wider applicability across Africa.

  7. Progress to date • The 1st round of FRICH generated 25 concept notes. 11 of these have been asked to prepare a full proposal • Key organisations progressing to the next stage are: • Supermarkets: Co-op, Sainsburys, Tesco, Waitrose • Brands: Finlays, Bettys and Taylors, Yeo Valley, Liberation Nuts, Cafe Direct • Not-for-profits: TWIN, Africa Now, Comic Relief, Rainforest Alliance, LEAF

  8. How does it work? • grants of up to £250,000 will be given to innovative projects (up to 50% of total project value). • FRICH is a performance grant with payments triggered by milestones • FRICH targets food products from Africa (North of RSA and South of the Sahara) • Applications made through competitive bidding rounds

  9. Application process • Stage one: submit a concept note (3 page maximum) • how the project will meet the challenge • what constraints will be addressed • the essence of the innovation • organisations and beneficiaries to be involved • impact and outcomes – how will this project get products on the supermarket shelf • estimated project budget • Stage two: submit a full proposal

  10. Eligibility Criteria • private sector for-profit organisation must lead • UK retailer or retail brand must be involved • FRICH supports projects and not organisations • innovation (new: products, services, marketing, business models, supply chains) • potential for commercial sustainability • cannot be funded commercially • risk sharing – at least 50%

  11. Who evaluates? • Independent Advisory Committee: • experts in UK retailing • experts in African agriculture / African business • Management – Nathan EME head a consortium of companies (Euro PA and Associates, ERM, Concept Fruit) working under contract to the DFID. • The management team are not involved in the decision making process and, as a result, are available to provide guidance in concept note preparation

  12. Frequently Asked Questions • What products? • All food products are eligible. A considerable number of round 1 applications were focused on tea and coffee and we would encourage applications from other product areas. • Type of organisation? • A for profit private sector organisation must lead. Bids can include a number of partners who will contribute to implementation. A UK retailer or retail brand must be involved. • Type of project? • All projects should have the potential for commercial sustainability. A considerable number of round 1 projects focused on organic products and fair-trade. We would encourage applications in other areas.

  13. Frequently Asked Questions • Length of project? • All projects approved as part of round 2 should have a maximum duration of 2 years • Up front payments? • Payments will be made upon reaching agreed milestones. Payments will be reimbursements of funds spent by the project partners • Right of appeal? • The Advisory Committees decision is final. There is no right of appeal. • Can we try again? • Organisations may put forward more than one concept note. If the project does not reach proposal stage, the company may submit a concept note for another project in the next round.

  14. Timeline • 28 February 2009 – deadline for submission of round 2 concept notes • End March 2009 – Advisory Committee review • End March 2009 – call for proposals for successful applicants. • Spring/Summer 2009 – rolling review and evaluation of proposals once received.

  15. Further help and information • All application forms and further guidance can be found on the FRICH website at • FRICH Contacts: • Mark Thomas, FRICH Project Director • Kerry Hamilton, FRICH Project Manager • Telephone: +44 20 7538 3111