Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, how much of the £200 million allocated to British International Investment (BII) in 2022-23 has been delivered to date; and how much will be allocated to BII in the 2023-24 financial year.

British International Investment's (BII) investment plans cover the period of its new five-year Strategy 2022-2026. As the sole shareholder, the Government has committed to continue to support BII including through delivery of BII's strategy. We have allocated £289.5 million in 2022/23 to support BII's capital investments. We will ensure that our funding is invested where it will have maximum impact and delivers most value for money. FCDO is currently undertaking a business planning process for future years. No decisions on individual budgets have been taken yet by Ministers. Further details will be provided through the established approval process and meet FCDO transparency requirements.