Planning

C0920 - P0701 Early market engagement for investment management solution (s)

NATIONAL WEALTH FUND LIMITED

This public procurement record has 1 release in its history.

Planning

20 Feb 2025 at 15:29

Summary of the contracting process

The National Wealth Fund Limited (NWF) is currently in the planning stage for an early market engagement regarding an investment management solution. This procurement initiative is categorised under IT software development services and aims to align with strategic priorities set by HM Treasury. The focus areas include green hydrogen, carbon capture, ports, gigafactories, and green steel, with a dedicated budget of at least £5.8 billion. The engagement process will conclude on 27th March 2025. The solutions required will support the financial and operational lifecycle of deals post-go-live, including deal booking, cashflow calculations, IFRS compliance, and risk management. This initiative is situated primarily in the regions of London, North East, and Leeds, United Kingdom.

This tender offers significant growth opportunities for businesses specialising in IT software development, software-related services, and professional services linked to investment management solutions. Companies with expertise in developing software packages, consulting, and support for financial management solutions will find this engagement particularly advantageous. SMEs are encouraged to participate, providing an opportunity to collaborate with NWF on projects that encompass corporate and project finance, senior debt, mezzanine financing, guarantees, and equity investments. Additionally, firms offering tailored solutions for local authorities' strategic projects valued at £5 million or more can benefit from this engagement.

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Notice Title

C0920 - P0701 Early market engagement for investment management solution (s)

Notice Description

This Contract Finder Notice is supporting the following FTS Contract Notice reference 2025/S 000-006286 and as attached. The National Wealth Fund ("NWF"), successor to the UK Infrastructure Bank, has been established to drive the nation's growth by creating a stable investment environment and mobilising private capital to align with the UK Government's strategic priorities. As NWF we will support a wider range of sectors beyond infrastructure, aligning with the Government's industrial strategy. NWF have a total capital of PS27.8 billion, with at least PS5.8 billion dedicated to green hydrogen, carbon capture, ports, gigafactories, and green steel. This aligns with the principle of achieving policy objectives via sound banking. Our private sector function will provide corporate and project finance and invest across the capital structure, including senior debt, mezzanine, guarantees and equity. Our local authority function will lend to local authorities at a preferential rate for high value and strategic projects of at least PS5 million We are wholly owned and backed by HM Treasury. We are undertaking early market engagement to understand the market offerings for an investment management solution (s) which focuses on the financial and operational lifecycle of a deal post go-live, namely:- * Investment set up (booking a deal) * Output for the purposes of accounting in-line with International Financial Reporting Standards (IFRS). * Investment management of a deal (calculation of cashflow) * Investment closure (ending a deal) * The continual risk management of the deals including IFRS ECL & economic capital calculations * Professional services related to the above NWF currently has a number of tools providing these services internally. The early market engagement is now available via our Atamis e-Sourcing Portal in accordance with the instructions below. NWF is now seeking feedback via responses to a written questionnaire (Early Market Engagement Questionnaire) by the 27th March 2025 (by 16:00 UK time) To access, click on 'View our Live Opportunities' from the home page, available on the following link: https://atamis-3929.my.site.com/s/Welcome.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-52807109-23b9-4e86-b37b-587e1edabdee
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3ce61f53-c96a-48f7-97d0-1273b2a4d65b
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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

98 - Other community, social and personal services


CPV Codes

48517000 - IT software package

72000000 - IT services: consulting, software development, Internet and support

72212517 - IT software development services

72260000 - Software-related services

98110000 - Services furnished by business, professional and specialist organisations

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20251 years ago
Submission Deadline
Not specified
Future Notice Date
27 Mar 2025Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
NATIONAL WEALTH FUND LIMITED
Contact Name
Procurement Team
Contact Email
procurement@nationalwealthfund.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
TLC North East (England), TLI London

Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

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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