AwardUpdate
Financial Advisory Services- Assessing a Potential Investment in a Launch Company UKSAC24_0080
UK SHARED BUSINESS SERVICES
-
Contract Timeline
- Publication Date
-
8th January 2025 08:52:30 AM
-
Contract Summary
*** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION *** This procurement is being concluded following a mini competition under the CCS Management Consultancy Framework RM6187 Lot 4 Brief Description of Requirement Introduction The UK Space Agency inspires and leads the UK in space to benefit our planet and its people. It is an executive agency, sponsored by the Department for Science, Innovation and Technology. It plays a major role in delivering the government's National Space Strategy and supports a thriving space sector in the UK, which generates an annual income of £17.5 billion and employs 48,800 people across the country. Staff include scientists, engineers, commercial experts, project managers and policy officials who help to: • catalyse investment to support projects that drive investment and generate contracts for the UK space sector. • deliver missions and capabilities that meet public needs and advance our understanding of the Universe. • champion the power of space to inspire people, offer greener, smarter solutions, and support a sustainable future. To achieve the greatest impact in these three areas, the UK Space Agency focus's most of its resource behind eight delivery Priorities. These are: • Launch: supporting satellite launch services from UK spaceports. • Sustainability: taking a leading role in keeping space safe and accessible now and in the future. • Discovery: supporting space science and exploration missions. • Innovation: investing in bold new technologies. • Levelling-up: boosting space investment and jobs across the country. • Earth observation: studying our planet to drive discovery and tackle climate change. • Low-Earth orbit: delivering vital everyday satellite services. Inspiration: inspiring new space customers, investors and the next generation. Aims & Objectives • To inform UKSA, DSIT (and wider Government) understanding of Orbex's financial health including long term viability, business and investment plans, risks to successful completion. • To clarify the funding need and validate that all levers including third party financing options, will be, or have been exhausted and addressed prior to evaluation HMG intervention options. • To advise on the suitability of funding mechanisms and subsidy control compliance • Evaluation of the potential impacts of an HMG investment (inc. alongside other private investors) to secure Orbex the funding it needs to secure operational readiness of Sutherland Spaceport, and first launch of Orbex's Prime launch vehicle. Additional information: *** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***
-
Contract Details
- Open Contracting ID
-
ocds-b5fd17-b79b0921-6c3e-4f9f-925d-a89d4b4f8e0f
- Publication Source
-
Contracts Finder
- Procurement Stage
-
AwardUpdate
- Procurement Method
-
Selective
- Procurement Method Details
-
Call-off From A Dynamic Purchasing System
- Procurement Category
-
Services
- Tender Suitability
-
SME
- Framework / DPS
-
DPS
-
Contract Classification
- CPV Code(s)
-
79400000
- CPV Division(s)
-
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
Awarding Authority
- Buyer Name
-
Maria Znaiko
- Buyer Email
-
professionalservices@uksbs.co.uk
- Buyer Phone
-
01793 867005
- Buyer Address
-
Polaris House,North Star Avenue
SWINDON
SN21UH
England
-
Awarded Supplier(s)