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Financial Advisory Services for Sizewell C

Department for Energy Security and Net Zero

This public procurement record has 2 releases in its history.

AwardUpdate

02 Jun 2025 at 11:46

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AwardUpdate

30 May 2025 at 09:44

Award Notice
Summary of the contracting process

The procurement process detailed here involves the Department for Energy Security and Net Zero, which is seeking financial advisory services for the Sizewell C project. The contracting authority, situated in London, is working with Barclays Bank Plc to provide these services under the category of financial consultancy. This process is currently in the contract modification stage due to extended project timelines, with a procurement goal to support the capital raise process of Sizewell C. The contract, originally valued at £5,000,000 excluding VAT, has undergone modifications to a total of £9,000,000 and an extension to 10th December 2025. This is a result of necessary additional services that were identified owing to the project's extended timeline.

This tender presents significant opportunities for businesses involved in financial consultancy services, specifically those experienced in substantial capital projects and advising governmental bodies. The extension and expanded scope suggest that established financial service providers with a robust track record in managing and strategizing large-scale investment initiatives are well positioned to benefit. These businesses can leverage their advisory expertise in financial structuring and policy-oriented investment decisions, thereby enhancing their portfolio whilst potentially providing significant value to the government’s objectives around the Sizewell C programme.

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Notice Information

Notice Title

Financial Advisory Services for Sizewell C

Notice Description

Lot Information

Lot 1

This is a modification to an existing contract between the Department for Energy Security and Net Zero and Barclays Bank Plc. The scope of the contract is for the provision of financial advisory services to assess, input, and challenge the design, management and execution of the SZC capital structure and capital raise process; and to provide advice in relation to key judgements and decisions that will be required from HMG in order for it to execute its policy objectives and make sound investment decisions that represent Value for Money for the taxpayer. Additional services have become necessary due to extended project timelines. The supplier's services are essential to the completion of the capital raise process and progression of the Sizewell C programme. The variation is composed of a 7-month extension in time and a 30% extension in value under Regulation 72 (1) (b) and 72 (2) of the Public Contracts Regulations 2015. Original award value: PS5,000,000 (excl. VAT). 11/05/2022-10/05/2024 (+ an optional 12-month extension) Modification one: PS2,500,000 (excl. VAT) + 12-month extension. 11/05/2022-10/05/2025. Modified contract value: PS7,500,000. Modification two: PS1,500,000 (excl. VAT) + 7-month extension. 11/05/2022-10/12/2025. Modified contract value: PS9,000,000. **Please note that this notice was originally published on 30/05/2025 (Notice identifier: 2025/S 000-028653). However, there was an error in the field titled 'Total contract value after the modifications', which mistakenly suggested that the total contract value post-modification was PS900,000. This notice will correct that to PS9,000,000.00.**

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-052953
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029098-2025
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 specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£9,900,000 £1M-£10M

Notice Dates

Publication Date
2 Jun 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
11 May 20224 years ago
Contract Period
11 May 2022 - 10 Dec 2025 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Department for Energy Security and Net Zero
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
SW1A 2BD
Postcode Area
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

Barclays Bank Plc

Further Information

Open Contracting Data Standard (OCDS)

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