British Overseas Territories: Economic Situation
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether the Department has established metrics for tracking economic diversification outcomes in supported Overseas Territories.
Answered by Stephen Doughty
The Department assesses the financial sustainability of long-term UK-funded capacity-building projects through its business case process, annual reviews and Project Completion Reviews. During delivery, sustainability is monitored through quarterly progress reports and annual reviews, which include checks on financial performance, risk management and alignment with agreed objectives. Programme Responsible Owners (PROs) apply the Foreign, Commonwealth and Development Office's Programme Operating Framework (PrOF) to ensure ongoing viability, using tools such as risk registers, results frameworks and value-for-money assessments throughout the project lifecycle.
UK support to aided Overseas Territories contributes to economic diversification and local capacity-building in line with our commitment to the prosperity of the whole UK family. Various metrics such as visitor numbers and overall GDP growth are used to track outcomes, as appropriate for each territory and in line with programme operating framework requirements.
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