Prosperity Fund: Energy

(asked on 28th November 2016) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, what proportion of his Department's Prosperity Fund was allocated to (a) coal, oil and gas projects and (b) renewable energy projects in each financial year since 2013-14.


Answered by
Alok Sharma Portrait
Alok Sharma
COP26 President (Cabinet Office)
This question was answered on 1st December 2016

The FCO Prosperity Fund was the FCO's dedicated annual fund supporting prosperity work overseas from 2011 until March 2016.

Through targeted projects its aims were to support the conditions for global and UK growth. Since 2013/14 the Prosperity Fund allocated the following to coal, oil and gas projects:

•2013/14 approximately 1.9% (£370,000 from a total budget of £19.5m)

•2014/15 approximately 3.9% (£758,000 from £19.5m)

•2015/16 approximately 3.4% (£997,000 from £29.3m)

Since 2013/14 the Prosperity Fund allocated the following to renewable energy projects:

•2013/14 approximately 5% (£983,000 from a total budget of £19.5m)

•2014/15 approximately 2% (£402,000 from £19.5m)

•2015/16 approximately 5.1% (£1.5m from £29.3m)

These figures include ODA and non-ODA projects.

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