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Written question asked by Sarah Champion (Labour) on Monday, 20 June 2022, in the House of Commons. It was due for an answer on Wednesday, 22 June 2022. It was answered by Vicky Ford (Conservative) on Tuesday, 28 June 2022 on behalf of the Foreign, Commonwealth and Development Office.

Private Infrastructure Development Group

Question

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, how much Government funding has been allocated through the Private Infrastructure Development Group in the (a) 2022-23 and (b) 2021-22 financial year; and which three programmes received the largest amount of such funding for each of those financial years.

Answer

The UK Government has provided the Private Infrastructure Development Group (PIDG) with funding worth £116.5 million in financial year 2021-2022 and intends to provide it with funding of £61million in financial year 2022-23. The three PIDG programmes that received the largest amount of UK Government funding in financial year 2021-2022 were:

  • InfraCo Africa Development/Investment: £52,720,000
  • InfraCo Asia Development/Investment: £29,025,000
  • PIDG Technical Assistance: £19,500,000

InfraCo Africa and InfraCo Asia originate, develop, structure, invest in and manage projects. They can make equity and debt investments in innovative and pioneering projects and remedy the absence of capital.

The allocation of UK Government funding across PIDG programmes in financial year 2022-23 has still to be decided.

Secondary information

Type
Written question
Reference
21197
Session
2022-23
Subjects
Private Infrastructure Development Group
Contains statistics
Yes
Link
View this Written question on www.parliament.uk