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Review of Market-Equivalent Discount Rate methodology for Innovate UK Loans Ltd

UK SHARED BUSINESS SERVICES LIMITED

This public procurement record has 1 release in its history.

Award

20 Oct 2026 at 13:03

Award Notice
Summary of the contracting process

UK Shared Business Services Limited procured consultancy for Innovate UK Loans Ltd to review the methodology used to calculate a market-equivalent discount rate. The work covers checking the methodology against accounting standards, considering feedback from the National Audit Office, and comparing it with market practice and peer reporters. The supplier was also expected to recommend improvements so the methodology could support reporting periods subject to assessment. The work is research and development-related consultancy, with delivery in the United Kingdom. The buyer is UK Shared Business Services Limited; the requirement is for specialist financial and accounting methodology review rather than general research or routine accountancy services.

The procurement is complete and was awarded to PricewaterhouseCoopers LLP on 20 October 2026. The awarded contract value is £30,000. The contract runs from 20 October to 31 December 2026. The stated process was a direct award, described as a competitive quotation below the threshold. The tender record also gives a submission deadline of 16 October 2026. The requirement was assessed against compliance with accounting standards, the National Audit Office’s feedback, market practice and peer reporting, with recommendations intended to make the methodology adequate for assessed reporting periods. The procurement was identified as suitable for small and medium-sized enterprises, although the selected supplier was PricewaterhouseCoopers LLP.

For a future requirement of this kind, a credible supplier would need demonstrable expertise in financial reporting and discount-rate methodology, including the ability to test an approach against relevant accounting standards and respond to audit scrutiny. The selected work also required awareness of prevailing market practice and how peer organisations report, then the judgement to turn that analysis into practical recommendations. Suppliers would need to deliver a clear, defensible report in time to support board and audit committee review, so capacity to work to fixed governance deadlines matters alongside technical capability. This award indicates that UK Shared Business Services Limited buys focused, specialist consultancy for Innovate UK Loans Ltd rather than a broad accounting service. The stated SME suitability suggests smaller firms could be credible where they can evidence this specialist experience and deliver the required assurance.

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Notice Information

Notice Title

Review of Market-Equivalent Discount Rate methodology for Innovate UK Loans Ltd

Notice Description

***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded as a direct award - PS26254 - Review of Market-Equivalent Discount Rate methodology for Innovate UK Loans Ltd. Brief overview of the requirement being awarded. review of the methodology applied, ensuring compliance with accounting standards and recommendations to both address feedback from the NAO as well considering market practice and peer reporters. Report provided in good time for review and challenge in advance of IUKL Board and Audit Committee deadlines The recommendations enable a methodology that is sufficient for reporting periods subject to assessment.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0fb790b1-d42a-47bd-b0a0-adfd6faf2e8b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cdfc7c7b-1c34-4623-8161-58967954be6b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£30,000 Under £100K
Lots Value
Not specified
Awards Value
£30,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
20 Oct 20261 weeks ago
Contract Period
20 Oct 2026 - 31 Dec 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK SHARED BUSINESS SERVICES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Postcode Area
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

PricewaterhouseCoopers LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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