Planning

Heat Networks Financial Services Initiative ("Initiative")

BUSINESS ENERGY AND INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Planning

27 Jan 2020 at 12:01

Market Engagement Notice
Summary of the contracting process

The Business Energy and Industrial Strategy is currently in the planning stage for the Heat Networks Financial Services Initiative, aimed at procuring competitively funded arrangements for Heat Network projects. The initiative seeks to boost investment and create a self-sustaining market for heat networks, with a prior information notice published on 27 January 2020. Interested parties are encouraged to submit comments on the proposed services by 14 February 2020. The procurement falls under the corporate finance and venture capital services category, with potential projects covering locations across the United Kingdom and beyond, including the British Overseas Territories and Europe.

This tender presents a significant opportunity for financial service providers and companies specialising in investment for infrastructure projects. Businesses that can offer funding and ancillary services, particularly those with experience in heat networks or similar utilities, would be well-suited to compete in this procurement process. By engaging with this initiative, providers can contribute to the development of key energy infrastructure while potentially securing lucrative contracts that support the public sector in achieving its investment goals.

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Notice Information

Notice Title

Heat Networks Financial Services Initiative ("Initiative")

Notice Description

The aim of the Initiative is to establish a competitively procured arrangement that will facilitate funding to Heat Network projects and provide projects with access to an investor base with the experience and appetite to bring projects to fruition. The Initiative aims to support public sector and other organisations with a route to accessing investment for Heat Network projects, increasing external investment and helping to create a self-sustaining heat network market. BEIS would expect the Initiative to be utilised by Potential Providers to provide funding and ancillary services to support the delivery of Heat Network projects. In addition, the Initiative will be capable of both securing demonstrable value for money investment and funding expertise to Heat Network projects. BEIS is currently in the process of finalising its procurement strategy and therefore is issuing a prior information notice in order to gauge the views of Potential Providers in respect of the scope of services to be included within this procurement process. We are publishing a list of potential services for comment in order to help us finalise the services in Lot 1 and Lot 2 of this procurement exercise. We would be grateful for comments on two specific questions as detailed in Annex A to this notice. Please send your comments to the BEIS Heat Networks Team at HNFF.ProcurementQuestions@beis.gov.uk by 5pm on 14 February 2020. Questions & comments asked by interested parties during the procurement that are not commercially sensitive will be consolidated and published with the ITT.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3399528d-ba2e-4825-9206-2dbf57e54fd5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a387ac9e-6ee0-4b4b-b394-911988ee71ed
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jan 20206 years ago
Submission Deadline
Not specified
Future Notice Date
14 Feb 2020Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BUSINESS ENERGY AND INDUSTRIAL STRATEGY
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
SW1H 0ET
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

Further Information

Notice Documents

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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