The UK government has announced up to £100 million in funding for MOBILIST, its flagship public markets programme, to drive sustainable economic growth and investment in emerging markets.
Minister of State for Development Anneliese Dodds made the announcement at the London Stock Exchange, emphasising the role of the financial sector in addressing climate change and accelerating global development.
MOBILIST will provide businesses focused on achieving the UN Sustainable Development Goals (SDGs) with anchor funding and expert guidance, enabling them to list on stock exchanges worldwide and attract significant private investment.
The funding is expected to generate between £400 million and £600 million in new investments across Asia, Africa, and Latin America, supporting economic growth, sustainable development, and climate action.
Dodds also highlighted the first issuance of the Climate Investment Fund (CIF) Capital Markets Mechanism (CCMM) bond, which raised $500 million (£400 million) for clean energy and technology projects in developing nations.
This financial tool, launched at COP29, allows future loan repayments to be leveraged for capital market bond issuances, accelerating climate finance for low- and middle-income countries.
At the event, Dodds emphasised the UK’s commitment to global financial reform and positioned the City of London as a leader in sustainable finance.
“With businesses and the government working hand in hand, we can unlock growth, jobs, trade, and investment at home and abroad. This partnership-driven approach will help tackle poverty, drive economic growth, and create a more sustainable world,” she stated.
UK Climate Minister Kerry McCarthy hailed the CCMM bond issuance as a “historic moment” in climate finance, reinforcing London’s position as a green finance capital.
London Stock Exchange CEO Julia Hoggett welcomed the initiatives, noting that investment flows are crucial for sustainable growth and the net-zero transition.
MOBILIST, which has mobilized £247.5 million in private capital since its inception, is key to aligning institutional capital with climate goals and economic development. By harnessing the private sector’s strength, the UK aims to create future export markets, unlock overseas investment opportunities, and drive domestic growth—all while addressing global challenges such as climate change, inequality, and economic instability.