PARLIAMENTARY WRITTEN QUESTION
British International Investment (22 February 2022)

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.

Asked by:
Navendu Mishra (Labour)

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.

Answered by:
Dame Amanda Milling (Conservative)
2 March 2022