The United Kingdom is a founding member of the EBRD and a generous contributor to the Bank's work.
Since the establishment of the Bank in 1991, the United Kingdom has contributed over €236 million of donor funds and guarantees.
United Kindgom and the EBRD: at a glance
€236mn donor funds supporting EBRD operations (including unfunded guarantees)
8.52% capital share
€30.87bn United Kingdom-EBRD investments
The UK remains closely engaged in the Bank’s activities and is particularly involved in climate change issues. The UK has supported climate change mitigation and adaptation activities through the EBRD’s Sustainable Energy Initiative and is an active contributor to the High-Impact Partnership on Climate Action (HIPCA).
The UK was among the very first donors to contribute to the EBRD - Ukraine Stabilisation and Sustainable Growth Multi-Donor Account, demonstrating its support for Ukraine's reform agenda and more recently agreed a €48.6 million unfunded guarantee to support an EBRD loan to Ukraine’s electricity transmission company Ukrenergo.
In 2015, the UK Government and the Bank started cooperation on the EBRD-UK Investment Climate and Governance Fund, which is ongoing and has supported significant projects across the Western Balkans, Eastern Europe and the Caucasus.
The UK is also supporting the EBRD agenda in the SEMED region by contributing grant resources to the SEMED Multi-Donor Account and establishing dedicated bilateral fund for EBRD’s refugee response in Jordan. The UK is also one of the major contributors to the Northern Dimension Environmental Partnership (NDEP) Nuclear Window.
The UK is an important source of foreign direct investment in the EBRD’s countries of operations. The value of joint United Kingdom-EBRD investment stood at €30.87 billion as of February 2023. EBRD finance accounted for €19.48 billion, and British investment accounted for €11.39 billion.
The joint investment has been in Türkiye, followed by regional projects, Poland, Hungary, Kazakhstan, and Egypt. Broken down by industry, the joint investment has been in the following sectors: industry, commerce and agribusiness, sustainable infrastructure and financial institutions.
British banks also participate in the EBRD Trade Facilitation Programme as confirming banks. Since inception, the TFP has supported 883 export and import transactions for British companies for a total € 1,299.52 million, for transactions which were initiated by banks in the EBRD countries of operation and confirmed by banks in both UK and abroad. Fifty-four British banks and branches of banks have joined the programme as Confirming Banks (all figures as at December 2022).
From 2018 to 2022, entities from the UK won 2,331 procurement and consultancy contracts worth €147,743,781.00.