Construction Ideas Fund

The Construction Ideas Fund is now open!

What is the Construction Ideas Fund?

The Construction Ideas Fund (“the Fund”) is a funding mechanism which shares the financial risk of innovative projects within the Construction and Real Estate Sector in Nigeria.

If your company has an idea that not only improves your business, but can also be shown to have a lasting positive impact on the sector – particularly in terms of increased income and employment opportunities for low-income groups – we want to hear from you.

Application to the fund can be made through its five funding windows which focus on:

Grant amounts available range from £25,000 to £250,000

Eligibility Criteria

Your company must be a for- profit organisation and have operations in either the FCT, Lagos, Kaduna or Kano State to be eligible to apply. Other types of organisations, partnering with a for- profit company as lead, can also apply. Detailed eligibility information can be found by following the related link, (Eligibility and Application).

Application process

First Stage: Submit a concept note outlining your idea in terms of its commercial viability, innovativeness, and potential developmental impact. Concept notes are reviewed by the fund management team and only those which meet the funds eligibility criteria and objectives would be invited to develop full application proposals.
Second Stage: Shortlisted applicants are invited to develop full application proposals setting out a detailed business case for the proposed project. Full application proposals will be appraised by an independent assessment panel whose decision on grant award is final.

How to apply

Review the term sheet for the related funding window. * the term sheet sets out the key criteria against which grants will be awarded. It is important to review this document before completing the concept note application form.
Download and fill concept Note application form for related funding window.
Submit duly completed concept note applications to the ideasfund@coffey.comor ideasfund@coffeynigeria.com

All Concept Note applications should be submitted on or before Monday, 4 March 2013.

About GEMS2

The Ideasfund is part of a wider development programme managed by the Growth and Employment in States project for the Construction and Real Estate sector (GEMS 2) and funded by the UK Department for International Development (DFID). GEMS2 uses a market based approach to facilitate improvements in the performance and inclusiveness of the construction and real estate sector; a sector that has been selected as strategically important because of its high potential to contribute to economic growth, incomes, and employment.