UK aid contractors struggle to stay afloat

A worker replaces a life buoy beside the River Thames near Big Ben and the Houses of Parliament in central London. Photo by: REUTERS / Toby Melville

LONDON — A number of British aid contractors are struggling to stay afloat after two collapsed so far this year, leading to questions about what lies behind their demise.

Veteran Department for International Development contractor Maxwell Stamp was the first casualty, going into administration — a U.K. insolvency process — in early February. Aktis Strategy, which managed a number of development projects for the Foreign & Commonwealth Office, followed suit in early March.

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About the author

  • Edwards sopie

    Sophie Edwards

    Sophie Edwards is a Reporter for Devex based in London covering global development news including global education, water and sanitation, innovative financing, the environment along with other topics. She has previously worked for NGOs, the World Bank and spent a number of years as a journalist for a regional newspaper in the U.K. She has an MA from the Institute of Development Studies and a BA from Cambridge University.