October 3, 2016
The UK and Mexico are Working Together
British Embassy Mexico City
• The Prosperity Fund is a demonstration of the UK’s commitment
to invest in Mexico’s future, and to strengthen relations between our two countries.
In November 2015, the British government established a Prosperity Fund that will reach £
1.3 billion in total over five years. This fund aims to support sustainable economic development, promote economic reform
and business innovation for growth in partner countries. This year Mexico received over £ 6 million that will be invested
in five sectors: energy, financial services, future cities, education, and improving the business environment.
The investment in Mexico through the programs run by the Prosperity Fund could
exceed £ 50 million during the next four years. In Mexico we will work together with the Congress, the public sector,
the private sector and civil society, we will [share] experiences in order to stimulate sustainable economic growth and contribute
to the reduction of poverty in the country. Moreover, we will generate greater opportunities for trade and investment between
Mexico and the United Kingdom.
To improve the business
environment (or good governance) we will work with Mexico to share best practices from the UK and strengthen institutions
and accountability; and increase citizens’ confidence through clear, transparent and consistent rules.
In the energy sector, which is crucial for the development of Mexico, UK will
be sharing its extensive experience and technology in the fields of renewable energy, oil and gas, energy efficiency and electricity.
Currently we are focusing on projects of industrial and environmental safety, and social impact in renewable energy projects.
In addition, we will be working with the Mexican government to help train and introduce best practices for the implementation
of the Energy Reform.
Mexicans face important challenges
in matters of urbanity. We aim to share UK experience in future cities to improve the quality of life for citizens. The program
is focused on sustainable and innovative urban development, including infrastructure, digitalization and mobility. We will
support smart planning in cities with inclusive models that promote services to improve health, security and wellness for
citizens, as well as increase productivity and prosperity.
for financial services, we will be working together to boost economic growth, improve financial inclusion and increase the
green economy in Mexico. We will be sharing successful public policies and models used in the UK. The four areas where we
will be offering support are financial inclusion, increasing financial penetration among small and medium enterprises (SMEs),
development of new financial mechanisms, and green finance.
our education program seeks to impart some of the UK’s excellence in education into Mexico’s academia, schools
and institutions. The projects in the program will focus on evaluation in education, technical curriculum development, and
strengthening English language education.
The Prosperity Fund
is a demonstration of the UK’s commitment to invest in Mexico’s future and to strengthen the relations between
our two countries.
Learn more about our Prosperity Fund!
Please get in touch with us if you have any questions or if you would like to get involved in our work by sending an email
Embassy Mexico City, Sep. 26, 2016