Newton Fund – new approach paper published
ICAI has today published the approach paper for its review of the Newton Fund, a £735 million government fund which develops science and innovation partnerships that promote the economic development and social welfare of partner countries.
The Newton Fund is an example of UK Official Development Assistance (ODA) spending with a dual purpose. It aims both to contribute to poverty reduction (its primary purpose) and to pursue the UK national interest (its secondary purpose).
This performance review will assess the relevance, effectiveness and learning processes surrounding the Fund’s operations since its inception in 2014. It will also explore how the Newton Fund’s dual purposes are pursued.
The approach paper sets out in detail the evaluative questions that this review seeks to answer, as well as the methodology.