British International Investment
6 May 2026

What learning means to us: An overview of how we evaluate our impact

Learning is key to how we achieve greater impact. At BII we help solve the biggest global development challenges by investing and mobilising capital to support private sector growth and innovation. We focus on investments that make the biggest difference in the markets where we invest.

Evaluations and learning are a key part of how we maximise our impact. We work closely with the UK’s Foreign, Commonwealth and Development Office (FCDO) to commission independent evaluations that deepen our knowledge of how development finance can support our impact objectives through our joint FCDO-BII Evaluation and Learning Programme. Through research, including with the stakeholders we reach through our investments, we learn about the impact we create and how this can be improved.

This is an overview of our Evaluation Programme. It explains why evaluations are important to us, how they inform what we do, how they align with our overall Impact Framework and our 2026–31 strategy, how they are governed, and how we use and communicate lessons learnt. We hope this document gives stakeholders a thorough understanding of how we use our Evaluation Programme to evidence and enhance our impact – and serves as a useful guide to development partners and other investors interested in learning from our evaluations.

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