Summary of the contracting process

The public procurement process led by the West of England Combined Authority has resulted in the awarding of the contract titled "WoE MCA Investment Platform and Marketplace Development." This procurement, within the Information Technology services industry, aligns with regional ecological goals. The awarded contract will see the development of an innovative investment platform intended to bolster financial investments aimed at nature recovery in areas such as Bath, Bristol, Northeast Somerset, and South Gloucestershire. The procurement process was conducted via an open procedure and has now reached the award stage as of 29th April 2025. Notable dates include the tender period ending on 10th January 2025 and the contract period starting from 13th March 2025 to 13th September 2027, indicating a focus on long-term environmental strategy.

This tender creates significant opportunities for business growth, especially for small and medium-sized enterprises (SMEs) in the IT services sector keen to contribute to sustainability and conservation efforts. The project offers an opportunity for businesses capable of developing software platforms with functionalities to track and manage natural capital assets, thus allowing them to leverage their technical abilities in real-time performance and environmental impact reporting. Companies with expertise in aligning technology with ecological and conservation objectives stand well-placed to compete and thrive in this procurement landscape.

Award

WoE MCA Investment Platform and Marketplace Development

WEST OF ENGLAND COMBINED AUTHORITY

Contract Timeline

Publication Date

29th April 2025 14:26:05 PM
Contract Summary

The West of England Mayoral Combined Authority (MCA) aims to establish an innovative Investment Platform and Marketplace to align with its Climate Ecological Strategy and Action Plan (CESAP 2023). The platform will help achieve nature recovery and halt environmental decline by 2030, supporting Bath, Bristol, Northeast Somerset, and South Gloucestershire (West of England Region). The Mayoral Combined Authority will procure an external software developer to create an investment platform that supports funding and investment within the West of England region. This platform will host a range of natural capital assets, offering investors a dedicated tool to track nature-based assets and monitor the impact of their investments. The platform aims to streamline the investment process, providing transparency and real-time insights into asset performance and environmental benefits. Through this initiative, we hope to attract more sustainable funding into the region, aligning investments with regional conservation and climate goals.
Contract Details

Open Contracting ID

ocds-b5fd17-3bc5402e-a42a-45fb-a0de-5009baae6122

Publication Source

Contracts Finder

Procurement Stage

Award

Procurement Method

Open

Procurement Method Details

Open Procedure (below Threshold)

Procurement Category

Services

Tender Suitability

SME

Framework / DPS
Contract Classification

CPV Code(s)

72222300
72265000

CPV Division(s)

72 - IT services: consulting, software development, Internet and support
Awarding Authority

WEST OF ENGLAND COMBINED AUTHORITY

Buyer Name

Darron Jones

Buyer Email

darron.jones@westofengland-ca.gov.uk

Buyer Phone

07436601482

Buyer Address

Rivergate House, 70 Redcliff Street, Redcliffe

Bristol

BS1 6AL

United Kingdom
Awarded Supplier(s)

Supplier Name(s)

SPACEHIVE

View contract on Contracts Finder

WoE MCA Investment Platform and Marketplace Development

WEST OF ENGLAND COMBINED AUTHORITY

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

Awarded Supplier(s)