CDC: Overseas Aid

Foreign, Commonwealth and Development Office written question – answered on 16th September 2020.

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Photo of Baroness Tonge Baroness Tonge Independent Liberal Democrat

To ask Her Majesty's Government how much CDC Group Limited invested in Official Development Assistance in (1) 2017/18, (2) 2018/19, and (3) 2019/20; and, for each year, what percentage of CDC Group Limited's investments this constituted.

Photo of Baroness Sugg Baroness Sugg Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)

Over the last three years, the Government has made capital investments in CDC Group Ltd totalling £2,086,000,000 to support the growth of companies in Africa and South Asia that create jobs and transform economies. 100% of the Government's investment scores as Official Development Assistance in the year it is allocated to CDC. A summary of the annual breakdown of these investments is as follows:

Year

ODA Investment £m

1

2017/18

395

2

2018/19

736

3

2019/20

955

Total

2,086

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