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Foreign, Commonwealth and Development Office: ThomasLloyd

Question for Foreign, Commonwealth and Development Office

UIN HL3887, tabled on 9 November 2021

To ask Her Majesty's Government whether the Foreign, Commonwealth and Development Office launched a tender process before proposing an investment of up to £25 million in the ThomasLloyd Energy Impact Asian renewable energy investment trust.

Answered on

23 November 2021

The decision in principle to invest in the ThomasLloyd Energy Impact Trust is the outcome of an open competition. The 'Mobilising Institutional Capital in Public Markets' (MOBILIST) Competition was launched at a public event on 8th February 2021 and was publicised via HMG's website and through social media. All Expressions of Interest were subject to initial assessment and increasing levels of analysis and due diligence as the competition progressed. At each stage of the competition participants' proposals were evaluated against the same pre-defined selection criteria.