Planning

Climate Finance Accelerator (CFA) 2

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 2 releases in its history.

Planning

20 Jun 2023 at 20:10

Planned Procurement Notice
Planning

20 Jun 2023 at 20:08

Planned Procurement Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy is planning a tender for the Climate Finance Accelerator (CFA) 2, a technical assistance programme focused on low-carbon sustainable infrastructure projects seeking USD$5m-50m climate finance investment in emerging markets. The procurement process is in the planning stage, with services expected to start in Summer 2024 and continue until June 2029. Initial market engagement is planned for October 2023, with the procurement expected to launch in early 2024.

The Climate Finance Accelerator (CFA) 2 tender presents a significant opportunity for businesses involved in innovative low-carbon sustainable projects seeking climate finance in emerging markets. Businesses interested in climate finance, innovative green projects, and those experienced in international development may find this tender particularly suited for their expertise. The programme's geographical scope covers nine emerging markets, with expansion plans to include up to 15 countries, aligning with wider UK government priorities for climate change response in ODA-eligible countries.

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Notice Information

Notice Title

Climate Finance Accelerator (CFA) 2

Notice Description

The Climate Finance Accelerator (CFA) is a technical assistance programme that provides capacity building support primarily to innovative low-carbon sustainable infrastructure projects seeking USD$5m-50m climate finance investment in emerging markets. The CFA brings together climate financiers, policymakers, and entrepreneurial and innovative project proponents to identify and overcome barriers to investment. The programme provides tailored capability building support to projects, and support to climate financiers and policymakers to de-risk sustainable investments and build curated investment pipelines for investors. The CFA is funded by UK Government's Department for Energy Security and Net Zero (DESNZ), under the International Climate Finance (ICF) portfolio, as part of the UK Government's PS11.6 billion commitment to support ODA-eligible countries to respond to the challenges and opportunities of climate change. To support delivery of these goals, the CFA will continue to grow in scope and delivery over the course of this contract, annual programme budget is expected to increase from PS3.7m (23/24 forecast) to up to be PS10m (27/28 forecast), with a budget of up to PS40m over a five-year period. This will allow the programme to scale the now proven and successful methodology within existing countries and sectors, and to new countries and sectors, and to draw on learnings from ongoing independent evaluation and learning activities. The main outcomes and outputs of CFA - Phase 2 could include: > Developing a robust pipeline of investable sustainable projects, and curating this pipeline for climate financiers. > Providing tailored support to project proponents to enhance their likelihood of securing climate investment. > Developing and maintaining a database of climate financiers, and supporting the development of their green finance skillsets. > Delivering a high-profile and impactful external engagement offer. > Working with partners (national governments, DFIs, philanthropies, commercial entities) to sustainably embed the CFA process in partner countries. > Deliver the programme in conscious complementary alignment with the wider DESNZ/UK government portfolio of ICF programmes. DELIVERY TIMELINE The existing Services are being delivered via a contract running to November 2024. This procurement will see Services commencing in Summer 2024 for delivery of new programme activity ahead of the end of the existing contract and to allow for a handover period. The new Services are expected to continue until June 2029. PROCUREMENT TIMELINE The Authority anticipates initial market engagement in October 2023, ahead of launching a procurement in early 2024. Further notices will be issued with details of how to participate in market engagement and with further details on procurement timelines as this information becomes available. Additional information: Services to be delivered include but are not limited to: PROGRAMME MANAGEMENT > Develop and maintain a robust delivery plan, including accurate budgeting, risk management, stakeholder and country engagement strategies, and communications plan. > Procure and work with in-country delivery partners, and technical experts as required. > Create and disseminate knowledge products. > Manage the CFA website. > Act as an entrepreneurial and innovative partner, actively identifying and suggesting opportunities to the Authority for how to enhance programme impact. > Develop and deliver an exit strategy. COUNTRY DELIVERY > Conduct country scoping, capacity assessments and in-country market engagement. > Design tailored technical assistance offers for selected countries, including delivering project identification, selection, capacity building, and follow-up support. > Deliver in-country workshops involving projects, climate financiers, policymakers, and other relevant stakeholders. > Conduct bespoke capacity building for financiers and policymakers, where required. > Support curation of investible pipelines to support engagement with investors. > Deliver an alumni network for projects that have received capacity building through the programme. > Support completion of the CFA process in 'legacy CFA' countries. > Support the process of sustainably embedding the CFA and its activities in-country. > Work alongside other UK and other donor programmes in-country to promote better alignment of objectives. STAKEHOLDER MANAGEMENT > Foster relationships between projects, financiers, and policymakers in target countries. > Work alongside a varied group of stakeholders to discuss partnerships and synergies, including philanthropies, other donor governments, IFI's and others. > Develop and maintain a database of international and in-country climate financiers. > Support development of regional hubs. > Work closely with DESNZ programme team and HMG in-country staff. > Promote the programme and its work in external events as appropriate. > Deliver an annual London conference bringing key stakeholders from across countries to facilitate knowledge sharing at a global level and to showcase the best investment opportunities to City of London climate financiers. GEOGRAPHICAL SCOPE The CFA is currently delivered in nine emerging markets - Colombia, Peru, Mexico, South Africa, Nigeria, Egypt, Turkiye, Pakistan and Viet Nam. The focus of CFA - Phase 2 will remain on ODA-eligible countries, with the programme likely to expand its geographical footprint to up to 15 countries in line with wider UK government priorities.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-494ae40b-bee4-46af-ab42-822d2b870189
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2133f840-0a10-4890-a987-33434df53ad0
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planned Procurement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services

CPV Codes

75211200 - Foreign economic-aid-related services

Notice Value(s)

Tender Value
£40,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jun 20232 years ago
Submission Deadline
Not specified
Future Notice Date
15 Jan 2024Expired
Award Date
Not specified
Contract Period
27 Jun 2024 - 29 Jun 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR BUSINESS, ENERGY & 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
SE1H 0ET
Post Town
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

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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