Question to the Foreign, Commonwealth & Development Office:

To ask Her Majesty's Government what criteria they used in developing their proposal to invest up to £25 million in the ThomasLloyd Energy Impact Asian renewable energy investment trust; and whether those criteria included an assessment of the number of such trusts that are already established.

The ThomasLloyd Energy Impact Trust proposal was assessed against the following 'Mobilising Institutional Capital in Public Markets' (MOBILIST) Competition criteria: i) scalability; ii) replicability; iii) commercial viability; iv) additionality; v) feasibility; vi) credibility. Foreign, Commonwealth and Development Office's assessment of the investment trust universe currently listed on the London market is that there are presently no products with exclusive exposure to renewables in lower-middle and low-income countries, such as those comprising the ThomasLloyd portfolio.