The Newton Fund builds research and innovation partnerships with 17 active partner countries to support their economic development and social welfare, and to develop their research and innovation capacity for long-term sustainable growth. It has a total UK Government investment of £735 million up until 2021, with matched resources from the partner countries.
The Newton Fund is managed by the UK Department for Business, Energy and Industrial Strategy (BEIS), and delivered through seven UK delivery partners, which includes UK Research and Innovation (comprising the seven research councils and Innovate UK), the UK Academies, the British Council and the Met Office.
They develop and run calls, and allocate and manage the money they receive as part of the Newton Fund. Activities must be developed with at least one of the Newton Fund partnering countries. Peru is one of the partner countries in this programme funding ten million GPB over five years starting in 2017.