Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what the investment performance has been to the UK Government of its spending through the Private Infrastructure Development Group in the last three financial years.

The Private Infrastructure Development Group (PIDG) receives funding from a number of different donors and the UK Government does not receive a dividend. PIDG investment performance is measured according to a number of factors, primarily linked to the impact of the investments delivered for people and planet and the group's long-term trajectory towards financial sustainability. Performance measures include the number of new infrastructure investments delivered, the number of people expected to gain new or improved access from such infrastructure, jobs created, private sector investment leveraged, share of projects in Least Developed Countries, number of investments contributing to empowering women and the carbon intensity of the new investments.

PIDG reports annually on a calendar year on its expected development impact and financial performance and its latest report is available on the PIDG website at https://www.pidg.org/our-impact/our-2021-annual-review/. In 2021, PIDG financially closed 19 projects that are expected to deliver new or improved infrastructure for 8.8 million people. These projects attracted $2.3 billion of additional finance of which nearly $1 billion was private sector finance. In addition to these development results, the report also includes a 3-year comparison of value for money metrics tracked by PIDG and its financial results.