Climate Change: Finance
Commons · Question 36409 · Tabled 7 Mar 2025 · Foreign, Commonwealth and Development Office · Official record
Answered 20 Mar 2025
Question
Asked by Wendy Morton
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
Answered by Catherine West, 20 Mar 2025
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...