British International Investment

(asked on 22nd February 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether her Department has made a recent assessment of the British International Investment's spending commitments to (a) the private sector and (b) the third sector and not for profit organisations.


Answered by
Amanda Milling Portrait
Amanda Milling
Government Whip, Lord Commissioner of HM Treasury
This question was answered on 2nd March 2022

British International Investment (BII) - formerly the CDC Group - is the UK's Development Finance Institution. Its mandate is to enhance the role of the private sector to promote inclusive and sustainable economic development. Its mission is to help solve the biggest global development challenges by investing patient, flexible capital to support private sector growth and innovation.

In 2020, BII made £1.22 billion of new commitments to businesses in Africa and South Asia, where the vast majority of the world's poorest people live. BII's portfolio supports 1,200 businesses which directly employ almost 952,000 people and support many more.

Third sector and non-profit organisations are supported through the other parts of the UK Aid programme.

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