Tender

Big Nature Impact Fund - Request for Proposal

DEFRA NETWORK ETENDERING PORTAL

This public procurement record has 2 releases in its history.

Tender

22 Nov 2021 at 15:07

Tender Notice
Planning

27 Jul 2021 at 11:19

Market Engagement Notice
Summary of the contracting process

The Defra Network eTendering Portal is currently conducting a tender for the "Big Nature Impact Fund - Request for Proposal," aimed at appointing a Fund Manager for a public-private blended finance vehicle with up to £30 million in public investment. This exciting opportunity falls within the financial and insurance services industry and is based in England, with a delivery scope that extends to British Overseas Territories, the Channel Islands, Europe, and beyond. The tender period concludes on 28 January 2022, with the contract expected to commence on 1 June 2022 and continue until 31 May 2039. The tender is being executed through an open procedure below threshold, allowing for broad participation from interested parties.

This procurement process presents significant opportunities for businesses focused on ecosystem services and environmental sustainability, particularly for small and medium-sized enterprises (SMEs) that can contribute innovative solutions related to tree planting, peatland restoration, and natural flood management. Companies that specialise in delivering nature-based solutions and those capable of leveraging private finance for environmental projects would be well poised to compete in this tender. By participating, businesses can help shape the future of natural capital markets while opening avenues for growth in the expanding field of ecological finance.

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Notice Information

Notice Title

Big Nature Impact Fund - Request for Proposal

Notice Description

Defra is launching a competition to appoint a Fund Manager for the Big Nature Impact Fund (BNIF), a proposed public-private blended finance vehicle with up to PS30 million public investment. In the England Trees Action Plan, Defra committed to create an impact fund which could leverage private finance into new natural capital markets for carbon, water quality, biodiversity, natural flood alleviation and other ecosystem services. In Summer 2021, Defra launched a Request for Information to seek market insight on the Fund's design. Now, Defra is seeking proposals from potential managers for how they would design and run the Fund. The Fund has the following policy objectives: 1. Create a legacy of investor confidence in ecosystem services markets by demonstrating the viability of investments at scale. 2. Further develop and pilot new business models for ecosystem services. 3. Increase viability of more natural environment projects. 4. Leverage private finance to increase rates of tree planting, woodland creation, peatland restoration, and habitat creation. 5. Realise the benefits of nature-based solutions, including carbon sequestration, biodiversity gains, water quality improvements, natural flood management, and the associated social and economic benefits. 6. Generate and share knowledge of ecosystem services market models, to enable the development of a pipeline of nature-based projects.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8cc668b0-b0a6-4fac-b736-8ada17b795cd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1b46e6f5-c2ec-4d9b-8504-b77c4eb3f112
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

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

Notice Dates

Publication Date
22 Nov 20214 years ago
Submission Deadline
28 Jan 2022Expired
Future Notice Date
9 Aug 2021Expired
Award Date
Not specified
Contract Period
31 May 2022 - 31 May 2039 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEFRA NETWORK ETENDERING PORTAL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
YORK
Postcode
YO1 7AB
Post Town
York
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

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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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