British International Investment (BII), Development Finance Institution (DFI) and impact investors have announced a EUR20 million (US$21 million) commitment to The Urban Resilience Fund (TURF), launched by Meridiam. 

This is BII’s first investment in an urban infrastructure fund. This Investment promotes well-being in cities through sustainable public infrastructure. It Contributes to low-carbon economies, addresses pollution and reduces the adverse environmental impact of cities. A minimum of 85 % of investments will support climate finance-qualifying projects in African cities. Through the fund, investors will target infrastructure investments aligned with sustainability goals, such as energy efficiency and carbon capture. 

BII has been an active partner to Meridiam, having also participated in their first two funds, MIAF I and MIAF II, which made profitable investments in significantly new and existing infrastructure projects. The BII investment supports the UN's Sustainable Development Goals for infrastructure, innovation, and business.