COMPETE Salone

Driving change through private sector development

COVID-19 RECOVERY WINDOW NOW CLOSED

Introduction to COMPETE Salone

COMPETE Salone is a competitive grant facility, financed by the UK Foreign, Commonwealth & Development Office (FCDO). COMPETE Salone helps businesses to prove the viability of new business models that integrate Sierra Leonean producers and companies into export and other essential value chains. The grant facility works by offering a matching grant and technical assistance to the private sector to test these models. COMPETE Salone will only fund projects that the applicant would not be prepared to pursue on a purely commercial basis. The funding aims to enhance the ability of such projects to be replicated or scaled up on a commercial basis upon completion.

COVID-19 Recovery Window (CLOSED)

In order to respond to the COVID-19 crisis, COMPETE Salone deployed a funding window of immediate support to critical businesses in agriculture, manufacturing, tourism and fisheries as well as businesses whose failure could have severe systemic impacts on the economy.

The COVID-19 Recovery Window invited applications from businesses with operations in Sierra Leone that support the supply of food, communications, transport and logistics. These businesses had to demonstrate their capacity to implement their proposed project and meet one of the funding challenges, working with either an already established supply chain or aiming to establish a supply chain incorporating Sierra Leonean suppliers and small and medium-sized enterprises. Please note that the window for applications is now closed. More information can be found here.

Supported by FCDO through the Invest Salone programme, COMPETE Salone is designed to be a quick, responsive mechanism that is not overly bureaucratic and understands the needs of the private sector. For questions about COMPETE Salone, please contact us at CSquestions@investsalone.com.

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