Building the Future:

A Blended Finance Roadmap to 2045

Explore the Roadmap

Foreword

The Blended Finance Collective brings together a cross-section of the sector. We now have over 250 members, including fund managers, investors, development finance institutions, philanthropic funders, policymakers, lawyers and network builders.

The roadmap was developed through collaboration with our members and experts, drawing on priorities identified at our 2025 annual Conference, Vision 2045. Together, we explored how blended finance is addressing systemic challenges and what must change to scale future impact.

Blended finance helps close the funding gap needed to meet the Sustainable Development Goals. It is a vital tool for building inclusive, sustainable and resilient markets. By combining public, private and philanthropic capital, it unlocks investment that delivers lasting social and environmental impact.

This roadmap is a starting point for a shared vision of blended finance, an open invitation to the field rather than a workplan for the Collective alone.

Published as a living resource, it will continue to evolve as we learn and collaborate to strengthen the market.

We invite all blended finance practitioners to explore how its principles can strengthen their work and foster new partnerships.

The Collective will continue to convene practitioners, share learning and collaborate with networks such as GAIL, Convergence, the GIIN and the DFI Working Group to accelerate progress towards a thriving blended finance market by 2045.

Our vision for 2045

By 2045, blended finance is widely understood and thoughtfully applied to maximise impact, using only the minimum concessional capital required. It corrects market failures, transitions markets, and drives inclusive, sustainable growth.

What success looks like by 2045

Key drivers

By 2045, blended finance will:

  • Be embedded in mainstream practice across public, philanthropic and impact investment communities, shaping how capital is deployed for social and environmental goals.

  • Be widely understood and confidently used by the public sector to deliver policy objectives, with governments and finance institutions partnering with social, impact and commercial investors.

  • Be the go-to model in key sectors and markets, tailored to local needs and challenges where it adds the most value.

  • Have helped solve long-standing social and environmental challenges, proving its ability to drive systems change and lasting impact.

To achieve this vision, we need to accelerate progress across five interconnected drivers to enable blended finance to reach maturity:

  • Scale

  • Replicability

  • Mobilisation of capital

  • Policy and regulatory support

  • Knowledge sharing

Explore the roadmap

The road ahead

Ensuring blended finance achieves its potential will require collaboration from stakeholders across the entire ecosystem and spectrum of capital. 

We invite your reflections on the drivers and enablers set out in this roadmap and welcome any additions, challenges and examples.

Over the coming months, we will publish an action plan outlining practical next steps for actors across the field, so each of us can see how we can contribute to collective progress. If any of the enablers set out in this roadmap align with your work, we’d love to hear from you so we can share and amplify your leadership and help the sector move further, faster, together.