Award

Innovation Hub Strategic Market Research

FCA

This public procurement record has 1 release in its history.

Award

27 Feb 2025 at 16:13

Summary of the contracting process

The Financial Conduct Authority (FCA) has initiated and completed a public procurement process titled "Innovation Hub Strategic Market Research" under the industry category of market research services (CPV code 79310000). The procurement was aimed at producing a report to guide the evolution of the FCA's Innovation Services to support innovative firms and enhance UK competitiveness. The process followed a selective procurement method through a call-off from a framework agreement. The contract, valued at £80,310, was awarded to Ernst & Young LLP. The tender period concluded on 22 January 2025, and the contract was active from 10 February 2025 to 30 April 2025. The project will be executed in London, United Kingdom, with the postal code E20 1JN being specified.

This tender presents significant opportunities for businesses involved in providing market research services, especially those that specialise in enhancing innovation within financial services. Large firms with established frameworks and experience in strategic market analysis stand to benefit the most from such contracts. Companies providing insightful, comprehensive market research can contribute to the FCA's objectives of fostering innovative firms, thereby supporting the growth and competitiveness of the UK's financial sector.

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Notice Title

Innovation Hub Strategic Market Research

Notice Description

Market research to inform the evolution of the FCA's Innovation Services. This will involve producing a report to inform how the FCA's innovation offering, including its Innovation Services, could evolve to further support innovative firms and enhance UK growth and competitiveness.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-48750f35-2beb-4e6c-bf98-81c5a0267bc2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0232aa4b-5b88-4bb4-aa33-df002039d069
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79310000 - Market research services

Notice Value(s)

Tender Value
£80,310 Under £100K
Lots Value
Not specified
Awards Value
£80,310 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Feb 202512 months ago
Submission Deadline
22 Jan 2025Expired
Future Notice Date
Not specified
Award Date
4 Feb 20251 years ago
Contract Period
10 Feb 2025 - 30 Apr 2025 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FCA
Contact Name
FCA Procurement
Contact Email
fcaprocurement@fca.org.uk
Contact Phone
0800 111 6768

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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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