Tender

05284-2023 Local Investment in Natural Capital (LINC)

WEST MIDLANDS COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Tender

02 Jan 2024 at 11:49

Tender Notice
Summary of the contracting process

The West Midlands Combined Authority (WMCA) is conducting a tender for the consultancy support needed to establish green finance investment vehicles/funds/platforms for the Local Investment in Natural Capital (LINC) programme. The programme aims to attract private finance into natural capital projects by 31st Jan 2025 in the West Midlands region. The contract period starts from 19th March 2024 to 14th March 2025. The tender, titled "05284-2023 Local Investment in Natural Capital (LINC)," falls under the financial consultancy services category with a value of £420,000. The procurement method is an open procedure with a tender deadline of 1st February 2024.

This tender presents an opportunity for organisations with expertise in green finance investment vehicles and blended finance to contribute to a nature-positive, net-zero economy. Businesses that specialise in financial consultancy services within an urban context would be well-suited to compete for this contract. SMEs are particularly encouraged to participate in this tender as the WMCA has specified their suitability for this procurement process.

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Notice Information

Notice Title

05284-2023 Local Investment in Natural Capital (LINC)

Notice Description

The WMCA has been selected as one of just four areas in the UK to deliver Local Investment in Natural Capital (LINC) programmes. These programmes are elements in the Government's new Green Finance Strategy (2023) to support a green industrial revolution and transition to a climate resilient, nature-positive, net-zero economy. The ambitions of the LINC programme, to enable the public sector (and their third sector partners) to become more market-facing with their projects and programmes, align exactly with the WMCA's delivery of the NEP. The WMCA LINC programme aims to enable the region to be in a state of readiness to attract private finance into natural capital projects by 31st Jan 2025, through building the capacity, effective governance arrangements, and capability of local leaders and partner organisations. The WMCA requires consultancy support from an organisation(s) with significant knowledge and experience in establishing green finance investment vehicles/funds/platforms, developing investment ready natural capital pipelines/portfolios (ideally within an urban context), and a track record in securing blended finance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d185d069-f963-4e0a-80e9-161e22caf274
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c2daedb4-c27a-4fe6-86e9-70c3e2fb7e96
Current Stage
Tender
All Stages
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
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£420,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jan 20242 years ago
Submission Deadline
1 Feb 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
19 Mar 2024 - 14 Mar 2025 6-12 months
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
WEST MIDLANDS 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
BIRMINGHAM
Postcode
B19 3TR
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England)
Local Authority
Birmingham
Electoral Ward
Soho & Jewellery Quarter
Westminster Constituency
Birmingham Ladywood

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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