FCDO development pipeline skyrockets to £1.2 billion

Early last month, the United Kingdom’s Foreign, Commonwealth & Development Office published its only commercial pipeline in 2023 — containing opportunities worth at least £2 million each.

The pipeline provides a preview of where the department is planning to spend its money in the coming months.

Overall, it included 121 opportunities, worth £2.2 billion — a 478.6% real-term increase from the previous forecast published in October 2022, which was worth £382.3 million in 2023 prices — £359.4 million in cash terms.

This story is forDevex Pro members

Unlock this story now with a 15-day free trial of Devex Pro.

With a Devex Pro subscription you'll get access to deeper analysis and exclusive insights from our reporters and analysts.

Start your free trial