United Kingdom-based nonprofit organization Progressio announced today it will close its doors.
“The climate in funding is changing, it’s very competitive now, and despite our efforts to find that funding, it’s time we have to be realistic,” Martin McEnery, the head of trustees at Progressio told Devex in an exclusive interview.
“It’s very clear from discussions from DfID what they won’t be funding is unrestricted funds, and that’s what creates the difficulty for us,” he said.
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About the author
Molly Andersmollyanders_dev
Molly Anders is a former U.K. correspondent for Devex. Based in London, she reports on development finance trends with a focus on British and European institutions. She is especially interested in evidence-based development and women’s economic empowerment, as well as innovative financing for the protection of migrants and refugees. Molly is a former Fulbright Scholar and studied Arabic in Syria, Jordan, Egypt and Morocco.
