Award

Financing Net Zero: Investment Barriers Study

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

22 Mar 2023 at 13:16

Award Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy has awarded the contract for "Financing Net Zero: Investment Barriers Study" to Cleantech Group. The procurement was conducted as an Open Market tender and falls under the Research and development services and related consultancy services category. The contract period is from 6th March 2023 to 7th August 2023. The study focuses on deep-dive sectors related to net zero technologies, aiming to address investment barriers, particularly in areas like building retrofit, energy systems integration, critical materials, and hydrogen supply chains.

This tender offers opportunities for businesses involved in research and development services, particularly in the field of climate tech and net zero technologies. Small and medium enterprises (SMEs) with expertise in finance, investment ecosystems, and technology solutions for decarbonisation would be well-suited to compete. The activities under this tender are expected to result in significant improvements in the design of the Financing Net Zero programme and accelerate investment in vital sectors for achieving the UK's decarbonisation goals.

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Notice Information

Notice Title

Financing Net Zero: Investment Barriers Study

Notice Description

***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded following a Open Market tender Brief Description of Requirement The research is set in the context of the new Financing Net Zero programme (FNZ), which is soon to be launched by Innovate UK. FNZ is a PS15m programme with the ambition to accelerate finance in to 'Climate Tech'1 . Interventions are being designed to address the huge gap between the current scale of climate tech investment and that needed for the UK to meet its decarbonisation and economic goals. The requirement is to perform a series of rapid studies aligned with 'deep-dive' net zero sectors or technologies. These are: 1. Domestic building retrofit 2. Energy whole systems integration, in particular the use of digital technologies and platforms 3. Circular critical materials, specifically Rare Earth Elements 4. Hydrogen supply chains for distribution and storage. Focusing on the investment ecosystem and investment challenges in each deep dive area, studies are expected to build on existing information and convene dissemination roundtables to produce the desired research outputs. The impact of this research is expected to be an improvement in design of FNZ. In particular the activities related to addressing barriers for investors and understanding Innovate UK's role in accelerating net zero finance. As a pre-study it is also expected to lay foundations for future research, which may deepen the analysis in one of the deep dive sectors, expand in to other sectors, and also look deeper at specific investment challenges that cut across different sectors.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d3263705-7090-4735-a390-9e717d576f17
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3cff4a62-a97e-485e-a6d9-e0738449139a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£99,328 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Mar 20232 years ago
Submission Deadline
10 Jan 2023Expired
Future Notice Date
Not specified
Award Date
3 Mar 20232 years ago
Contract Period
6 Mar 2023 - 7 Aug 2023 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

CLEANTECH GROUP

Further Information

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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