The funds, provided under the UK Multilateral Debt Relief Initiative (MDRI), will go to the NPTF to implement the provisions of the Comprehensive Peace Agreement, according to a press release issued by the UK Embassy in Kathmandu.
According to the agreement, NPTF will utilise the funds to support grassroots peace building initiatives, conflict-affected communities and future elections.
Last year, the UK government provided USD 5.3 million of MDRI funds as a contribution towards government-run programmes for rural electrification and hydro power.
"Consolidating and building peace in Nepal is a key priority for the Government of Nepal and for the international community, including the UK," UK's Department for International Development head Dominic O