Planning

Evaluation of London Climate Finance Facility Market Engagement

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Planning

13 May 2024 at 11:31

Market Engagement Notice
Summary of the contracting process

The Greater London Authority (GLA) is initiating a market engagement exercise for the evaluation of the London Climate Finance Facility (LCFF). The purpose of this exercise is to gather insights from potential suppliers regarding their capabilities, methodologies, and pricing structures to inform the procurement process. The project aims to unlock private finance for decarbonisation, with opportunities for business growth in financial consultancy, financial transaction processing, and clearing-house services.

This tender presents opportunities for small and medium enterprises (SMEs) and voluntary, community, and social enterprise organisations (VCSEs) to participate in the evaluation programme. The procurement process is currently in the planning stage, with an engagement end date set for May 30, 2024. Suppliers interested in engaging should utilise the e-Tendering portal SAP Ariba for electronic submissions. Transport for London is the contracting authority, overseeing this initiative based in London, United Kingdom.

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Notice Information

Notice Title

Evaluation of London Climate Finance Facility Market Engagement

Notice Description

The Greater London Authority (GLA) as the Contracting Authority is initiating a market engagement exercise for the evaluation of the London Climate Finance Facility (LCFF). The purpose of this exercise is to gather insights from potential suppliers regarding their capabilities, methodologies, and pricing structures in order to inform the procurement process. It is estimated that it will require in excess of PS75 billion of infrastructure investment by 2030 to achieve London's net-zero target. This will need to come from a mix of public and private finance, investment and grant funding. Therefore, in 2023 the Mayor extended his programmes and launched a new London Climate Finance Facility (LCFF). Its aims are: 1. To unlock billions of long-term, flexible, private finance to support the decarbonisation of London's buildings, energy and transport systems, thereby tackling the triple dangers of toxic air pollution, climate change and congestion. 2. To accelerate significantly the development and delivery of climate and environmental projects, working with strategic partners. 3. To build on London's existing financing capabilities to secure investment for London and strengthen its competitiveness. The LCFF includes the following funds, that are likely to be included in the evaluation: 1. Mayors Energy Efficiency Fund (MEEF). MEEF was set up in 2018 and is set to close in 2025. 2. Green Finance Fund (GFF). The GFF was launched in 2023 and will make PS500m available to capital projects that deliver against one of three core project categories: energy efficiency, clean energy or clean transportation. 3. Plans for establishing the London EDGE Fund was announced in 2023 and it is due to be launched in 2024. The GLA wants to carry out a comprehensive evaluation programme to ensure the project delivers against the LCFF objectives and against the individual objectives of the funds. Additionally, the GLA is exploring options for other investment opportunities and would want any evaluation framework to consider how investments into other sectors could be incorporated into the evaluation of the LCFF. The market engagement process is being conducted electronically on the e-Tendering portal SAP Ariba. The portal can be accessed via the following link: https://service.ariba.com/Supplier.aw Suppliers interested in this market engagement exercise, please email nauraogbe@tfl.gov.uk confirming your TfL SAP Ariba account name - your organisation will be added manually to the suppliers list in SAP Ariba and you will have unrestricted and full access to the market engagement documents. To register or to check if you are already registered in TfL SAP Ariba, please use the following link: https://service.ariba.com/Supplier.aw For help registering or uploading your responses, please refer to https://support.ariba.com/Adapt/Ariba_Network_Supplier_Training. If the problem persists please contact Ariba_Supplier_Enablement@tfl.gov.uk.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b0223f39-0210-40e4-afd4-905968c0a661
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4649db8a-3301-482e-9869-6918f776dc22
Current Stage
Planning
All Stages
Planning

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

73 - Research and development services and related consultancy services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

73000000 - Research and development services and related consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
13 May 20241 years ago
Submission Deadline
Not specified
Future Notice Date
30 May 2024Expired
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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR LONDON
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
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

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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