Award

Green Finance Toolkit

DESNZ

This public procurement record has 2 releases in its history.

Award

15 Aug 2024 at 10:06

Award Notice
Tender

03 Apr 2024 at 13:42

Tender Notice
Summary of the contracting process

The UK Department for Energy Security and Net Zero (DESNZ) has awarded a contract for the development of a "Green Finance Toolkit" aimed at aligning global financial flows with the Paris Agreement's goals and supporting UK climate policy objectives. The contract, valued at £268,743, was awarded through an open procedure to Grant Thornton UK LLP. The services, classified under "Research services" (CPV code 73110000), are set to commence on 23 July 2024 and conclude by 3 March 2025. The initiative targets various regions, including the British Overseas Territories, Channel Islands, Europe, Isle of Man, and other international locations, with an emphasis on enabling low-carbon growth in emerging markets and developing economies (EMDEs).

This tender highlights significant opportunities for businesses involved in research and consultancy services, particularly those specialising in green finance, sustainable development, and climate policy. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, offering a platform to contribute to critical UK climate initiatives while expanding their market reach. The scope includes producing an internal report, developing a Diagnostic Toolkit, and creating a set of practical guides, making it well-suited for organisations with expertise in finance, environmental policy, and international development. Engaging in this procurement process can lead to significant growth through partnerships with the UK government and other key stakeholders.

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Notice Information

Notice Title

Green Finance Toolkit

Notice Description

Background Putting in place the conditions to align global financial flows with the Paris Agreements goals is a critical enabler of UK climate policy objectives, including to enable low carbon and climate resilient growth in emerging markets and developing economies (EMDEs). To achieve this, in addition to direct and indirect mobilisation of finance there is a global need for a shift in the financial system. The UK has a number of levers to develop and implement;greening finances; measures, this includes furthering our domestic policy framework, engaging in multilateral supporting voluntary standards setting initiatives, and through green finance capacity building for EMDEs. Given the pace and scale of the change needed and the globally linked nature of the financial system, it is crucial that technical assistance efforts in EMDEs and global policy initiatives move in tandem to build lasting capacity, enable market access, and ensure environmental integrity. In the 2023 Green Finance Strategy, the UK therefore committed to work with industry and country partners to develop a toolkit for optimising support for the greening of financial systems in EMDEs. This project seeks to achieve this through the development of a Green Finance Toolkit which will provide research insights and tools to support UK government processes and strategy development, including in relation to UK International Climate Finance (ICF) programming. Requirements The Green Finance Toolkit package will include (1) an internal report to government providing lessons learned and recommendations for future specific UK interventions; (2) the development of a Diagnostic Toolkit based on report findings to support engagement with countries and the triaging and sequencing of technical assistance requests; and (3) a set of how to guides setting out how to approach the development of a coherent green finance policy framework, incorporating learning from the UKs;s approach, to be used in international engagement. These will be HMG-owned products with (1) being an internal document; (2) being used internally and with delivery partners; and (3) being used in external communications. Our preference is for (1) and (2) to be delivered by the same supplier given the close links between the two products, though we welcome separate proposals. (3) could be developed by a separate supplier if beneficial and we would welcome proposals from consortia. Additional information: Redacted contract

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-45f1e848-d145-401b-ab6c-b3a001c4a3db
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5469da76-5d4f-4408-a924-c39e270b47af
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
£268,743 £100K-£500K
Lots Value
Not specified
Awards Value
£268,743 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Aug 20241 years ago
Submission Deadline
8 May 2024Expired
Future Notice Date
Not specified
Award Date
22 Jul 20241 years ago
Contract Period
22 Jul 2024 - 3 Mar 2025 6-12 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
DESNZ
Contact Name
Not specified
Contact Email
internationalclimateandenergy.procurement@energysecurity.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
SALFORD
Postcode
M3 5BS
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
Not specified
Local Authority
Salford
Electoral Ward
Blackfriars & Trinity
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

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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