Award

Supplier for Green Heat Network Fund

DEPARTMENT FOR ENERGY SECURITY & NET ZERO

This public procurement record has 2 releases in its history.

AwardUpdate

12 Apr 2024 at 11:18

Award Notice
Award

06 Apr 2022 at 16:15

Award Notice
Summary of the contracting process

The Department for Business, Energy, and Industrial Strategy (BEIS) has awarded a contract for the procurement of a grant administrator / delivery partner for the Green Heat Network Fund (GHNF). The contract, with Tender Reference Number: 5167/06/2021, has a value of £14,827,761 GBP and was awarded to Triple Point Investment Management LLP. The procurement method used was selective, with a call-off from a dynamic purchasing system. The contract period runs from March 7, 2022, to June 30, 2028.

This tender opportunity, initiated by BEIS, presents a chance for businesses in the services sector, particularly those offering corporate finance and venture capital services, to engage in providing financial support for transitioning heat networks to low carbon technologies. With a focus on low carbon heat sources and compliance with current and future regulations, companies aiming to expand their presence in the UK market can explore partnering opportunities with the Department for Business, Energy, and Industrial Strategy.

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Notice Information

Notice Title

Supplier for Green Heat Network Fund

Notice Description

The Department for Business, Energy, and Industrial Strategy (BEIS) has completed the procurement, for the procurement of a grant administrator / delivery partner for the a financial support scheme, know as the Green Heat Network Fund (GHNF) a targeted financial grants scheme to enable transition of new and existing heat networks to low carbon technologies. . GHNF aims to incentivize the transition to low carbon heat sources for existing and new heat networks, whilst stimulating the increase deployment of low carbon technologies at scale. In addition, GHNF will help prepare the heat networks market for future low carbon regulation and ensure compliance with existing regulations.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-53ee17c1-20dc-499b-aae6-7d07858a01a7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2c63a425-4188-4671-a1e8-37eb3e662ce3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£14,827,761 £10M-£100M
Lots Value
Not specified
Awards Value
£24,712,935 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Apr 20241 years ago
Submission Deadline
9 Sep 2021Expired
Future Notice Date
Not specified
Award Date
1 Mar 20223 years ago
Contract Period
7 Mar 2022 - 30 Jun 2028 Over 5 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
DEPARTMENT FOR ENERGY SECURITY & NET ZERO
Additional Buyers

BUSINESS ENERGY AND 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
SW1H 0ET
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

TRIPLE POINT INVESTMENT MANAGEMENT

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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