UK Govt announces new partnerships with financial sector to unlock growth in UK and overseas

Written by Adam Cadle

03/02/2025

Efforts to address the climate crisis and boost growth in the Global South and at home will be enhanced under a partnership approach between the UK Government and the UK financial sector.

Speaking at the London Stock Exchange today, the UK’s Minister for Development, Anneliese Dodds, praised the “expertise, expertise and dynamism” of the UK’s financial services sector, and pledged to put this expertise “at the heart of how we meet the opportunities and challenges of our time”, including accelerating delivery of the UN’s Sustainable Development Goals (SDGs).

Dodds set out how investment in the Global South is an opportunity for UK financial services “to marry investment in the economies and technologies of the future, with the experience and expertise of the City of London”, adding that the Government will hold up its end of the bargain by working internationally to reform the global financial system to provide greater opportunity and stability.

Dodds stated: “With businesses and the Government working hand in hand to drive investment in the Global South, we can unlock growth, jobs, trade, investment, and pride in our economy overseas and here at home.

“This Government is enabling the financial services sector to flourish and use its expertise and depth of capital to invest in the markets and technologies of the future. Through partnerships like this, we will deliver on the Plan for Change, drive domestic growth, and create a world free from poverty on a liveable planet.”

The Minister announced up to £100m for the UK’s flagship public markets programme MOBILIST. This programme will provide businesses focused on delivering the SDGs with the anchor funding and expert advice they need to list on stock exchanges around the world, including in London, allowing them to attract significant sums of additional private investment.

This is expected to generate between £400m and £600m of new investments in businesses across emerging markets in Asia, Africa, and Latin America. These investments will support economic growth, sustainable development, and climate action in local markets.

She also celebrated the issuance of the first Climate Investment Fund (CIF) Capital Markets Mechanism (CCMM) bond last month, which raised $500m (approximately £400m) for energy and clean technology projects in low- and middle-income countries. The CCMM, launched by the Prime Minister at COP29, is a new financial mechanism to leverage future loan repayments by issuing bonds on capital markets.

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