Award

Provision of Professional Services for GBE Investments

DESNZ

This public procurement record has 1 release in its history.

Award

04 Jul 2025 at 09:50

Award Notice
Summary of the contracting process

The Department for Energy Security and Net Zero (DESNZ) has completed the award phase in the procurement of professional services needed for the Great British Energy (GBE) Investments projects. The contract, valued at £1,500,000, focuses on banking and investment services and spans from 25 June 2025 to 24 June 2027. This procurement was managed under the selective method as a call-off from the Crown Commercial Service's Management Consultancy Framework (RM6187), Lot 4 Finance. The contract is aimed at sourcing essential services to support GBE in its financial due diligence, investment strategy, and risk management framework development. The services will be delivered across various regions, including the UK, Channel Islands, Europe, and more.

This tender offers significant opportunities for businesses involved in professional services linked to financial investments, especially those suited to provide consultancy in financial due diligence and strategic planning. The procurement is particularly promising for SMEs and VCSEs since it emphasises inclusivity for these enterprise types. Companies that focus on investment risk frameworks and consultancy services will find it advantageous to engage with DESNZ projects, offering pathways for growth in financial consultancy and investment strategy domains. Deloitte LLP was awarded the contract, highlighting the scope for large-scale organisations to provide versatile professional services within the public sector.

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Notice Information

Notice Title

Provision of Professional Services for GBE Investments

Notice Description

Great British Energy has identified several requirements which it needs to source which can be categorised as "professional services". These requirements are similar in nature in that they are related to GBE making financial investments in projects in order for it to deliver its remit. Until GBE is fully functional its sponsored Department, the Department for Energy Security and Net Zero ("DESNZ"), will be commissioning requirements on GBE's behalf. The objectives of this contract therefore are for the Supplier to deliver the following Services, identified as different elements under this contract: Element 1: Financial Due Diligence - Provision of financial due diligence services on up to six early Floating Offshore Wind (FLOW) investment opportunities Element 2: GBE Investment Strategy - creating an overarching GBE Investment strategy to steer the organisation's future areas for investments Element 3: Investment and development risk framework - Developing financial metrics to monitor of GBE's investment and development portfolio. Element 4: Additional Professional Services - assisting GBE throughout the duration of the contract in providing professional services on a commission/call off basis as new requirements are identified. This was procured under the Crown Commercial Service's Management Consultancy Framework (RM6187) - Lot 4 Finance. Additional information: Redacted Contract

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-18c84256-7e76-4a9b-9f25-22735b3f5712
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0ab2fb9b-b8d4-41d8-bf14-e3361a91b11c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jul 20257 months ago
Submission Deadline
6 Jun 2025Expired
Future Notice Date
Not specified
Award Date
24 Jun 20258 months ago
Contract Period
24 Jun 2025 - 24 Jun 2027 1-2 years
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
DESNZ
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2EG
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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