Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what the cost to the public purse was for the production of the Growth Gateway Masterclass on Fundraising in Africa.
Two masterclasses have been delivered using a catalytic model to build local capability, provide targeted expertise, mobilise investment, and support inclusive and sustainable growth. The training cost approximately £18,500 and has already delivered strong results, with one participating business securing £2.5 million in investment and others in ongoing discussions with investors.
Supporting economic prosperity, resilience, and partnerships for growth is particularly important in the context of reductions in Official Development Assistance. Africa is the world's fastest growing continent, and as the UK continues to move towards a trade and investment focused partnership, there are clear mutual benefits. Initiatives such as this masterclass support high growth African firms to scale, attract investment, and build lasting commercial links with the UK.