Award

WoE MCA Investment Platform and Marketplace Development

WEST OF ENGLAND COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Award

29 Apr 2025 at 14:26

Award Notice
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.

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Notice Information

Notice Title

WoE MCA Investment Platform and Marketplace Development

Notice Description

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3bc5402e-a42a-45fb-a0de-5009baae6122
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/15387304-4fd3-48bb-a6fd-44b13312fbe7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72222300 - Information technology services

72265000 - Software configuration services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£46,550 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Apr 202510 months ago
Submission Deadline
10 Jan 2025Expired
Future Notice Date
Not specified
Award Date
10 Mar 202511 months ago
Contract Period
13 Mar 2025 - 13 Sep 2027 2-3 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
WEST OF ENGLAND COMBINED AUTHORITY
Contact Name
Darron Jones
Contact Email
darron.jones@westofengland-ca.gov.uk
Contact Phone
07436601482

Buyer Location

Locality
BRISTOL
Postcode
BS1 6AL
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)
Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

Supplier Information

Number of Suppliers
1
Supplier Name

SPACEHIVE

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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