Business partnership facility
Creating sustainable partnerships
The BPF is a financing facility initiated and financed by the Luxembourg government through the Luxembourg Cooperation to encourage the Luxembourg and European private sector to join forces with partners in developing countries to set up sustainable business projects. The facility has an annual budget of €1,000,000 to co-finance private sector initiatives that contribute to development and job creation in developing countries and/or technology transfer.
Co-financing in the form of a grant can reach up to 50% of a project's total budget and must not exceed the threshold of €200,000 (capped at €100,000 for companies engaged in road haulage activities for hire or reward).
The selection is made through a two-stage call for projects.
The agenda of this conference emphasises the importance of the private sector in meeting the financing needs of developing countries in a fiscally transparent, socially and environmentally responsible manner.
Business Partnership Facility
The BPF is extended for a period of 3 years, i.e. 3 new editions.