The UK and the Philippines have officially launched the UK-Philippines Growth and Investment Partnerships Plus (UK-PH GIP+), marking the next phase of their long-term economic collaboration. Building on the 2023 Growth and Investment Partnerships, GIP+ aims to promote transparent, green investment, job creation, and integration into global value chains while opening new opportunities for UK businesses.
The initiative brings together UK-backed institutions and instruments, including British International Investment (BII), UK Export Finance (UKEF), the Private Infrastructure Development Group (PIDG), and MOBILIST, along with UK technical experts to support bankable infrastructure projects in the Philippines. Highlighting the Philippines’ strong economic fundamentals, UK and partner officials emphasized GIP+’s role in scaling investment in infrastructure, clean energy, and climate-related sectors, mobilizing private capital, and delivering sustainable growth that benefits communities and businesses in both countries.
Through projects such as solar energy in South Cotabato powering 82,000 homes, GIP+ demonstrates tangible UK-Philippines collaboration, while institutions like PIDG, UKEF, and MOBILIST provide de-risking, financing tools, and capital market support to ensure long-term, inclusive, and sustainable infrastructure investments.
