PURE Growth Fund

About this
Programme

Productive use of renewable energy (PURE) offers the opportunity to lock in low GHG emission development pathways for rural areas of countries in sub-Saharan Africa and Asia, improving livelihoods, increasing income and building resilience to future threats such as the current triple energy, food and finance shock.

Agri-food value chains offer opportunities for enhancing low-carbon economic development and adaptation measures in a key sector to achieve the SDGs and improve the socio-economic situation in target markets. Through PURE Growth we aim to make PURE technologies accessible and affordable for marginalised groups to increase local yields, reduce food waste and add to local value creation and incomes, creating tangible, long-lasting impact.

Call for Proposals now open in Tanzania

The PURE Growth Fund is designed to support a private-sector led deployment of productive use of renewable energy (PURE) technologies within agri-food value chains. Its mission is to support the sustainable growth of PURE and agribusinesses, enabling them to expand operations, enhance profitability and build strong customer bases.

The PURE Growth Fund aims to de-risk and increase the level of private investment (company’s own and third-party investment) into impactful small and medium sized enterprises (SMEs) in the sector. As such, the PURE Growth Fund aims at promoting economic and social development, which should lead to a process of sustainable economic activity and economic growth, combined with structural and social change.

Comprises initial funding of up to EUR 2.5 million in total
Incentive Capital of EUR 250,000 to 1,000,000 over three-years
Focused on for-profit, growth stage companies with a minimum revenue of EUR 50,000 and a maximum revenue of EUR 10,000,000
Productive use technology is already at the core of their business, or will be sufficiently additional to the core business
Companies need to be able to demonstrate co-financing in their business plan
Applicants must be registered in Tanzania at the time of contracting

How to apply

Applications need to be submitted online through REEEP’s Climate Invest portal which you can access under the following link: https://climate-invest.fluxx.io/apply/pure_registration. Submitting an application through the portal requires the following two steps:

Registration: Complete the fields of the online registration form and click “submit”. Fields marked with an * are mandatory. You will subsequently receive an email with a link to create your password.
Application submission: The online application form requests important summary details about the Applicant as well as the proposed project. The information you provide here will be used for the evaluation of your project in addition to the project documents submitted.

Application Guidelines

The PURE Growth One Funding Window is currently open until 1 August 2025. Please find detailed information on the application process as well as frequently asked questions.

Download FAQs

Our experience

PURE Growth draws on the approach proven by the transition from REEEP’s design of the Beyond the Grid Fund Zambia (BGFZ, 2016-2022) into the Beyond the Grid Fund for Africa, now operating in six sub-Saharan countries, and on REEEP’s 2015-2017 investment portfolio, ‘’Powering Agrifood Value Chains”, which was a forerunner in supporting the water-food-energy nexus comprising eight high-potential SMEs active in Asia, Eastern Africa and Central America. REEEP is further utilising our expertise in taking early-stage markets from commercial demonstration through to competitive deployment at scale and applying it to the agricultural sector.

Agri-food value chains offer opportunities for enhancing low-carbon economic development and adaptation measures in a key sector to achieve SDGs and improve the socio-economic situation in target markets. We aim for increased adoption of PURE assets for marginalised groups with the potential to increase local yields, reduce post-harvest loss and add to local value creation and incomes, among other aspects. A variety of clean energy solutions have emerged, proving that off-grid renewable technology can be effective in these settings – e.g. cooling solutions extending the life span of agricultural yields or utilisation of biomass or similar for energy from agri-food production processes.

PURE opportunities

In other cases, the use of PURE appliances can create new business opportunities for people to become agri-food entrepreneurs, providing a processing service such as milling or pressing or cooling solutions such as solar-powered cold storage facilities where neighbouring farmers or fishing communities pay a fee to store produce. Such facilities can reduce waste, and there are considerable potential gains to be made in waste reduction: an estimated 30% of food produced globally is lost post-harvest.

Following a thorough research process spanning sub-Saharan Africa, REEEP has selected Tanzania as the first country of implementation with the Call for Proposals currently open. Our experience with BGFZ and BGFA has proven that a successful model can be replicated and adapted to each countries’ individual needs. Leveraging this experience, we have designed PURE Growth with the intent to scale to a multi-country programme.

Our Holistic Approach

one

Mobilising private finance

Through direct support to private sector market players including impact-based financing and technical assistance that reduces business costs and risks and information gaps.

two

Facilitation of a market learning effect

Through collection, aggregation and sharing of data, contributing to the reduction of risks, filling information gaps for the public and private sectors and providing evidence for impact and opportunity along with an increased understanding of trends and market characteristics.

three

Catalysing private finance

Through structuring financial instruments to local banks, enabling them to engage in financing of green projects and businesses (including e.g. guarantees, hedging instruments, deferred payment letters of credit etc., depending on the market).

four

Targeted engagement of policy makers and stakeholders

To support a coordinated improvement of market conditions in the medium-to-long term through policy changes, improved understanding of market characteristics, gaps and opportunities, as well as mobilisation of both international and local financial sectors and offering a basis for evidence-based decision-making.