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Financing options

Our financing options give you the flexibility to allocate resources according to your strategy and address the circular economy issues that matter most to you. You can also pool resources with PREVENT members and increase the scale and impact of circular solutions while minimizing individual risks.

OPTION A

The PREVENT Waste Alliance Secretariat administers your project

If you are interested in financing PREVENT Waste Alliance activities or implementing your project ideas via the PREVENT, the Secretariat (GIZ) can take over the contract design and project administration under the following conditions:

  • GIZ financing rules and regulations must be adhered to.
  • The financing amount must be at least 250,000 EUR. Several PREVENT members or third parties can also join forces and pool smaller amounts. Pooled funds must be bundled by one organisation which will be GIZ’s contract partner.
  • The scope and timeline of the funded activities are agreed upon in a co-financing agreement.
  • The PREVENT project criteria must be fulfilled (see below).

Example A:

Private company X would like to support activities to reduce marine litter. For this it has allocated 250,000 EUR for 2 years and would like the PREVENT secretariat to administer the funds. The company would like to make use of the PREVENT plastics working group to plan and implement the activities on its behalf. For this purpose, a contract (so called co-financing agreement) is set up between GIZ and the private company. The funds are partially used to cover core costs of the Secretariat and partially used to finance pilot projects in partner countries. The private company can decide to hand over all decisions regarding the selection of project ideas and locations to the PREVENT (Secretariat, Working Groups and Steering Committee) or influence the selection by predefining certain criteria in the contract

OPTION B

Finance PREVENT activities which are not administered financially by the Secretariat

You can also finance specific PREVENT Waste Alliance activities (such as projects, studies, events) without channelling funds through the Secretariat (GIZ). For this the following conditions apply:

  • You take care of project administration and contracting, and directly channel funds to implementing partners.
  • The PREVENT network is used for project development and implementation.
  • Activities are branded according to the PREVENT Waste Alliance Communication Guidelines. The PREVENT Secretariat will communicate the activities on all its channels, reaching a large audience of relevant stakeholders.
  • The PREVENT project criteria must be fulfilled (see below).

Example B

You are a PREVENT member and have planned an initiative that promotes Circular Economy in Egypt. In order to increase visibility and connect with relevant stakeholders in Egypt and globally, you wish to collaborate with the PREVENT Waste Alliance. If your project meets the PREVENT Waste Alliance project criteria, you can benefit from the support of the PREVENT Secretariat in the form of organising exchanges with members, branding the project with the PREVENT identity, as well as communicating it for more visibility.

Secretariat

The secretariat organises the meetings of the plenary and the steering committee, supports the working groups, and is responsible for the communication of the PREVENT Waste Alliance. The German Federal Ministry for Economic Cooperation and Development (BMZ) has commissioned the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to fulfil the secretariat function.

Nicole Bendsen

Nicole Bendsen

PREVENT Secretariat

+49 (0)228 4460 3889

contact@prevent-waste.net

Contact

PREVENT Waste Alliance
c/o Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH

Friedrich-Ebert-Allee 32 + 36
53113 Bonn