Tender

Support for developing a business case for Local Authority/ Lendology - Able to Pay Retrofit Finance

WEST OF ENGLAND COMBINED AUTHORITY

This public procurement record has 2 releases in its history.

TenderCancellation

11 Feb 2022 at 12:35

Tender Notice
Tender

11 Feb 2022 at 11:48

Tender Notice
Summary of the contracting process

The West of England Combined Authority is seeking support for developing a business case related to Lendology's Able to Pay Retrofit Finance project. This initiative aligns with the regional commitment to achieve carbon neutrality by 2030, amidst the broader UK Government's pledge for carbon neutrality by 2050. The tender, classified under corporate finance and venture capital services, is currently in the planning stage with a tender period ending on 7 March 2022. The contract is anticipated to commence on 12 March 2022 and run until 9 May 2022, with a budget of £15,000 directed towards this significant environmental effort in the South West region.

This procurement opportunity is especially relevant for small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) engaged in finance and sustainability sectors. Businesses specialising in renewable energy solutions, energy efficiency, and financial services aimed at green projects will find this tender appealing, as the focus on the Able to Pay retrofit market opens avenues for innovative finance models to support homeowners in improving their properties' energy efficiency. Participation in this project not only contributes to environmental goals but also positions businesses to play a pivotal role in the emerging sustainable finance landscape.

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Notice Information

Notice Title

Support for developing a business case for Local Authority/ Lendology - Able to Pay Retrofit Finance

Notice Description

The UK Government has declared its climate emergency and pledges to be carbon neutral by 2050. Many Councils in the South West region have also declared climate emergencies but have set more ambitious targets, with many aiming to reach carbon neutrality by 2030. The Able to Pay (ATP) retrofit market is of key significance in delivering the ambitions of the regions carbon reduction agenda as it is imperative that more focus is dedicated to the decarbonisation of heat through the retrofit of the UK housing stock. Currently our homes use 35% of all the energy in the UK and emit 20% of the carbon dioxide emissions, and 19% of Devon's total emissions. If the UK Government and Devon are to deliver their targets of a 68% emissions reduction by 2030, and net zero by 2050, household emissions need to be addressed. To reduce the emissions from heat there is a need to drastically increase heating from renewable resources and to reduce the heat losses from buildings once this heat has been delivered. To do this a large % of house types have to be more thermally secure than at present to allow for the efficient use of heat pumps (HP) in the heating of these properties. Regen have publicly stated that 190,000 heat pumps are required to be installed in the HoSW by 2030 alone. Of key significance in the overall deliverability of a successful ATP market is the ability of owner occupiers to have access to finance vehicles to carry out measures on their homes. This project proposes assesses the establishment of a significant regional fund for this purpose managed by Lendology with the support of the regions Local Authorities. After numerous meetings with Lendology and LA partners, as well as experts within the field of energy efficiency funding (including Bankers without Boundaries, Amber Infrastructure Group, Steve Fawkes: EnergyPro Ltd) this project has now reached a point that it requires independent appraisal. SW Energy Hub's key initial suggestions, that should form part of this appraisal's scope, are that the Lendology and similar business models need: * Smaller less ambitious fund (PS10 million rather than PS100 Million +) * Will require significant financial contribution from the public sector to attract the required private investment * That from initial engagement with the public sector that they require a more substantive business case to make the appropriate decision on the willingness or ability to fund The project needs to research and study the most appropriate business model to offer a range of financial products to the regions potential ATP market. Additional information: You will be able to register your organisation for free on the Authorities Procurement Portal https://www.supplyingthesouthwest.org.uk/ You will be able to register an interest and download tender documents and additional details from the above site. Project Reference number is DN597408

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9ab052f7-580b-4d2a-b491-801ab2b3af20
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/369e02a4-8af2-461b-acda-a9b65903e443
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

CPV Codes

66122000 - Corporate finance and venture capital services

71314000 - Energy and related services

Notice Value(s)

Tender Value
£15,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Feb 20224 years ago
Submission Deadline
7 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
12 Mar 2022 - 9 May 2022 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WEST OF ENGLAND COMBINED AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 6ER
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Bristol, City of
Electoral Ward
Lawrence Hill
Westminster Constituency
Bristol East

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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