Written Question·Foreign, Commonwealth and Development Office·UIN 36409

Climate Change: Finance

Tabled: 7 March 2025
Answered: 20 March 2025
Named Day

Question

Wendy Morton

Conservative — Aldridge-Brownhills

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what recent progress his Department has made on increasing private finance through (a) British International Investment and (b) British Investment Partnerships to help meet t

Answer

Catherine West
In 2023, the British Investment Partnerships (BIP) portfolio invested £1.5 billion in developing countries which mobilised over £3.5 billion of private sector investment. Over 54 per cent of BIP programme spend was classified as International Climate Fina...
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