United Kingdom

Donor funding

The United Kingdom, through DFID (the Department for International Development) has contributed more than €64 million in technical assistance funds. Most recently the UK pledged £4.5 million to the Western Balkans Investment Framework, which aims to enhance international financial institutions’ cooperation in the Western Balkans. In addition, €1 million was received in early 2010 for activities supporting the Early Transition Countries (ETC) Fund.

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Co-financing

United Kingdom is one of the strongest sources of foreign direct investment in the EBRD’s countries of operations. As of January 2011 the value of joint United Kingdom-EBRD investment stood at €16.1 billion, of which the EBRD’s portion was €8.2 billion and the United Kingdom’s was €7.9 billion. Adding in further investment from other countries and sources, the total value of projects with United Kingdom-EBRD involvement was €43 billion. The majority of these deals was in the private sector.

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Consultancy services and procurement

In 2010 British consultants were awarded the highest number of consultancy contracts -773 totalling €44.54 million.  The share of contracts awarded to the British consultants amounted to 25 per cent of the value of the 2010 contract awards by the EBRD and its clients. British consultants’ expertise ranged from information technology financial, accounting, legal, engineering, environmental, procurement, integrity, marketing across all sectors including financial institutions, SME, energy efficiency, power and energy, transport and manufacturing.

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Cooperation with British banks

The EBRD works closely with British banks involved in the Trade Facilitation Programme (TFP) through which the EBRD guarantees the payment of trade finance instruments (such as letters of credit or payment guarantees) that are issued by banks in countries of operations to foreign confirming banks.

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