29 July 2025

On 14 July 2025, the Monetary Authority of Singapore (“MAS”) and the British High Commission Singapore issued a joint statement announcing that Singapore and the UK are collaborating to boost the renewable energy transition and development of sustainable infrastructure across South-east Asia towards which the UK has pledged £70 million to Singapore’s Financing Asia Transition Partnership (“FAST-P”) initiative. 

The UK’s pledge will be utilised to deploy investment capital and provide blended finance to support low-carbon energy projects and innovative business models, bolstering energy security and climate resilience. The UK and Singapore are working together to accelerate sustainable infrastructure and investment across the region, including by supporting early-stage project development through joint technical assistance and encouraging private sector involvement, with a focus on practical solutions to help countries transition to cleaner energy. 

By actively participating in the FAST-P initiative, alongside Singapore and other international partners, the UK is helping to mobilise critical capital and close infrastructure financing gaps. 

Reference materials 

The joint statement is available on the MAS website www.mas.gov.sg.