UK Minister for Indo-Pacific, Anne-Marie Trevelyan, will visit Manila to formally launch British Investment Partnerships (BIP) in the Philippines. Working with the Philippine government and private sector partners, BIP will mobilize high-quality, reliable investment and technical expertise to support sustainable infrastructure development and the transition to clean energy in the Philippines.
BIP builds on ongoing work by UK development finance institutions, which provide funding and expertise to support resilient growth in the Philippines. This includes the UK’s Mobilist programme, which is investing in green energy, including $25m in financing for the Philippines’ first solar plants on Negros Island. British International Investment (BII), the UK’s longstanding development finance programme, will also expand investment in green infrastructure projects in the Philippines.
Minister for Indo-Pacific Anne-Marie Trevelyan said, “The Philippines is an economic and environmental powerhouse, which stands on the frontline of climate change and other global challenges. Through British Investment Partnerships, we will support the development of high-quality, sustainable infrastructure to accelerate the transition to clean energy and secure a prosperous and resilient future for the Philippines.”