Manila: The United Kingdom is eager to increase investments into the Philippines, specifically focusing on green transition and renewable energy. Visiting UK Minister for the Indo-Pacific, Seema Maholtra MP, made the statement during the launch of the UK-Philippines Growth and Investment Partnerships Plus (UK-PH GIP+) in Taguig City.

According to Philippines News Agency, Maholtra highlighted the Philippines' strong growth and dynamic economy as an ideal match for British investment and technical expertise. She noted the success of Citicore Renewables, which is delivering clean energy in the Philippines backed by British investment. Maholtra emphasized the role of the Growth Investment Partnerships in deploying UK expertise, mobilizing capital, and leveraging partnerships to support sustainable growth that benefits both countries.

The GIP+ represents the next phase of the joint initiative between Manila and London to foster a long-term economic partnership. Its aim is to promote deeper integration into global value chains while opening new markets and opportunities for UK businesses. The UK Embassy in Manila stated that GIP+ will bring together UK-backed instruments and institutions, including British International Investment (BII), UK Export Finance (UKEF), the Private Infrastructure Development Group (PIDG), and MOBILIST, alongside UK technical experts to support the delivery of bankable infrastructure projects in the Philippines.

UKEF Chief Executive Officer Tim Reid announced that 5 billion British pounds of UKEF's export financing will be available to accelerate the Philippines' national priorities, ranging from world-class transport infrastructure to critical clean energy transitions. BII, MOBILIST, and PIDG committed to supporting GIP+ through capital mobilization, de-risking market engagement, and developing a pipeline of bankable projects to unlock sustainable infrastructure investments.