Investments

Investments
Whether transforming lives and markets or having a positive impact on the planet, our investments are making a difference while delivering a financial return for the UK taxpayer.
In this section, we provide an overview of the commitments we made in 2025 to support emerging and developing economies, as well as both our financial and impact performance.
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Our 2025 commitments

A full list of our 2025 commitments.

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Investments in action

A look at our impact stories.

Investments in numbers

Backing key regions

For over a decade, we have focused our investment in Africa and South Asia. In 2025, a significant proportion of our commitments were to Africa.

2025 commitments by region*

Key

* Based on gross new commitments for 2025

† This includes investments in Ukraine

Supporting priority sectors

A focus on, and expertise in, key economic sectors is central to our approach to making successful investments. We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors are those with the strongest potential to create the most jobs for the capital invested and contribute towards many of the UN’s Sustainable Development Goals (SDGs). These sectors include: financial institutions that direct capital to the people and enterprises that need it; the power infrastructure that will provide people with better access to electricity; sectors that are powerful job creators; and sectors critical to improving access to basic goods and services.

2025 commitments by sector*

Key

*Based on gross new commitments for 2025

A flexible approach to providing capital

We provide capital in many ways: direct equity, debt, intermediated investments (funds, for example), guarantees and trade finance. Each product has different benefits, so a flexible approach helps us achieve a wider range of impact objectives and meet the needs of each business. To effectively meet the needs of the markets where we invest, we run two investment portfolios: Catalyst and Growth. In addition, our Kinetic Portfolio enables us to manage concessional investment strategies, and we have a technical assistance and support facility, BII Plus.

2025 commitments by product*

Key

*Based on gross new commitments for 2025

Mobilising commercial capital into developing economies

In 2025, we made gross commitments of $2.4 billion and mobilised $1.7–$3.1 billion of private sector capital into our investments. Using the Organisation for Economic Co-operation and Development (OECD) methodology, we mobilised $1.7 billion in ‘core mobilisation’ or ‘transaction mobilisation’ (this is when we draw commercial capital into a direct investment in a company or fund, and is the basis on which we reported in prior years), or $70 from the private sector for every $100 of our own commitments. When we include portfolio and second-level mobilisation (which we are reporting for the first time on a pilot basis), we mobilised a total of $3.1 billion under the OECD methodology.

Private sector capital mobilised*

$m
Key †

* Based on gross new commitments for 2025

† This year, we’re reporting on ‘core mobilisation’, which is when we draw commercial capital into a direct investment in a company or fund, and is the basis on which we reported in previous years. For the first time, we’re also reporting on ‘portfolio and second-level mobilisation’

OECD and MDB methodologies have undergone revisions since 2025 to incorporate new forms of mobilisation, for both ‘core mobilisation’ and ‘portfolio and second-level mobilisation’. When these methodologies are finalised, we will review to establish our future reporting