Here are the climate-related sections of speeches by MPs during the Commons debate British International Investment: 2026 to 2031 Strategy.
Chris Elmore (Labour)
BII’s new strategy will deliver on the UK’s modernised approach to development. As our main bilateral vehicle for investing in the private sector, BII is central to the UK’s shift from “donor to investor”, partnering closely with countries to unlock growth, jobs and trade, and drive private sector development. BII will also play a key role in delivering UK-backed climate investments.
Over the next five years, BII will make £7 billion to £8 billion in new investment commitments, increasing the proportion of its climate finance investments to at least 40%, and targeting at least 30% of its core investments to improve economic opportunities for women. BII will continue to prioritise investments in Africa, Asia, the Caribbean and Ukraine, delivering investment where it is most needed. BII will invest across a wide range of sectors—including financial services; power, trade and digital infrastructure; and sustainable industries—ensuring that it can support the varied needs of partner countries. BII will continue to support critical minerals value chains by investing in the enabling infrastructure and supply chains necessary for long-term, resilient growth.
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