Award

Project Walnut - Subsidy Advice

HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)

This public procurement record has 1 release in its history.

Award

01 Sep 2025 at 15:07

Award Notice
Summary of the contracting process

The procurement process, titled "Project Walnut - Subsidy Advice," was conducted by Homes England, located at Newcastle upon Tyne, England. It falls under the industry categories of real estate services and financial management consultancy services. The contract, valued at £40,000, was awarded to Avison Young on 1st September 2025. The process's primary focus was on providing subsidy control advice for pricing and profit assessment. Although the tender period concluded on 25th August 2025, the contract period is set from 7th September to 1st December 2025, indicating that it is currently at the award stage.

This tender presents viable opportunities for businesses within the real estate and financial consultancy sectors, particularly those with expertise in subsidy control and pricing strategies. Large firms or consortiums capable of assessing market comparables and providing comprehensive financial advice would be well-suited to participate in similar tenders in the future. By securing such contracts, businesses can expand their clientele and enhance their service portfolios in the consulting and real estate markets, leveraging successful collaborations with significant entities like Homes England.

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Notice Information

Notice Title

Project Walnut - Subsidy Advice

Notice Description

AY to advise on subsidy control for pricing and the profit waterfall. Work will be split into Phase 1 (initial advice) and Phase 2 (detailed report post-approval). Benchmarking and review. AY will benchmark pricing across the capital stack using market comparables, review draft HOTs, and support the Q&A process with MGT. Risk and compliance. The aim is to flag potential issues and propose mitigations, recognising that unlike previous pari passu equity investments, Homes England will be taking a different return to its partner.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fa3735df-a8b2-4121-a6a1-ba01537780b9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a0cfe0b2-93f9-435a-9ea6-8a16cf5d41fb
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not applicable
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

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

CPV Codes

70000000 - Real estate services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£40,000 Under £100K
Lots Value
Not specified
Awards Value
£40,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Sep 20255 months ago
Submission Deadline
25 Aug 2025Expired
Future Notice Date
Not specified
Award Date
31 Aug 20255 months ago
Contract Period
6 Sep 2025 - 1 Dec 2025 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
HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)
Contact Name
Not specified
Contact Email
etendering@homesengland.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE4 5BZ
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
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
Newcastle upon Tyne
Electoral Ward
Arthur's Hill
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

AVISON YOUNG

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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