The United Kingdom and Singapore have announced a new partnership aimed at accelerating the clean energy transition and advancing sustainable infrastructure development across Southeast Asia. The announcement was made on 12 July 2025 during an official visit by UK Foreign Secretary David Lammy to Singapore, coinciding with the 60th anniversary of UK-Singapore diplomatic relations.
As part of the collaboration, the UK has pledged up to £70 million ($94 million) to Singapore’s Financing Asia’s Transition Partnership (FAST-P), with funds to be channelled through British International Investment (BII), the UK’s development finance institution. The funding will be used to support low-carbon energy initiatives, enhance regional climate resilience, and stimulate private sector investment through blended finance mechanisms.
The initiative marks a significant milestone in the UK-Singapore Strategic Partnership and underscores both countries’ shared commitment to sustainable development in the Indo-Pacific. FAST-P aims to bridge infrastructure financing gaps by supporting early-stage project development and promoting practical solutions for countries transitioning to cleaner energy sources.
Singapore’s Deputy Prime Minister Gan Kim Yong welcomed the UK’s participation in FAST-P, highlighting the growing coalition of international public, private and philanthropic partners aligned in support of Asia’s green transition.
Lammy described the collaboration as part of a forward-looking agenda to strengthen regional partnerships. “ASEAN is set to be the fastest-growing economic bloc this decade. We need to keep investing in our friendships, making them resilient and focused on the future,” he said.
BII’s Head of Asia, Srini Nagarajan, affirmed the institution’s commitment to mobilising private capital and delivering climate-related projects in Southeast Asia through its engagement with FAST-P.
