Planning

P0701 RFI - Early Market Engagement for investment management solution and services

NATIONAL WEALTH FUND LIMITED

This public procurement record has 2 releases in its history.

PlanningUpdate

23 Dec 2025 at 08:29

UK2 - Preliminary Market Engagement Notice
Planning

24 Oct 2025 at 12:43

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The National Wealth Fund Limited, a central government public authority based in Leeds, UK, is conducting an early market engagement (EME) exercise as part of an upcoming procurement process. This engagement, titled "P0701 RFI - Early Market Engagement for Investment Management Solution and Services," aims to explore investment management solutions that align with the UK Government's strategic priorities in various sectors. The procurement is in the planning stage, and the process will involve information sharing and feedback collection from potential suppliers to inform the procurement strategy. Documents related to this engagement will be available from the week commencing 10th November 2025, with feedback due by 5th December 2025. The procurement process is expected to proceed with contract period starting on 1st May 2026 and ending on 30th April 2031, with a potential extension to 2036. The procurement value is estimated at £12 million.

This tender offers substantial opportunities for businesses, particularly those in IT services, software development, and investment management solutions. Companies that can provide comprehensive solutions across the financial and operational lifecycle of investment deals will find this opportunity advantageous. The procurement seeks to support services including investment setup, risk management, and software implementation, presenting a lucrative opportunity for businesses specialising in IT consulting, software packages, and enterprise solutions. Small and medium-sized enterprises (SMEs) are particularly encouraged to participate, as the process considers the potential for dividing the contract into lots to encourage SME involvement. This engagement phase is an ideal time for businesses to influence the final procurement terms and establish themselves as contenders for future contracts with the National Wealth Fund.

How relevant is this notice?

Notice Information

Notice Title

P0701 RFI - Early Market Engagement for investment management solution and services

Notice Description

The National Wealth Fund ("NWF"), successor to the UK Infrastructure Bank, has been established to drive the nation's growth by creating a stable investment environment and mobilising private capital to align with the UK Government's strategic priorities. As NWF we will support a wider range of sectors beyond infrastructure, aligning with the Government's industrial strategy. NWF have a total capital of PS27.8 billion, with at least PS5.8 billion dedicated to green hydrogen, carbon capture, ports, gigafactories, and green steel. This aligns with the principle of achieving policy objectives via sound banking. Our private sector function will provide corporate and project finance and invest across the capital structure, including senior debt, mezzanine, guarantees and equity. Our local authority function will lend to local authorities at a preferential rate for high value and strategic projects of at least PS5 million NWF have previously undertaken early market engagement for an Investment management solution and related services - https://www.find-tender.service.gov.uk/Notice/006286-2025. NWF wish to conduct further early market engagement prior to issuing a tender for services. The investment management solution (s) must include some or all of the below relating to the financial and operational lifecycle of a deal post go-live, namely:- * Investment set up (booking a deal) * Output for the purposes of accounting in-line with International Financial Reporting Standards (IFRS). * Investment management of a deal (calculation of cashflow) * Investment closure (ending a deal) * Risk management of a deal such as IFRS ECL & economic capital calculations * Licenses and implementation services related to the above * Professional services related to the above NWF currently has a number of tools providing these services internally. The solution (s) & services need to be able to facilitate all our product sets, in Debt (Bullet repayment loan, Amortising loan, Revolving credit facility, Bridge finance, Bonds and Portfolio loans such as warehousing), Guarantee (Financial guarantee, Performance, Inflation linked, Credit enhancement & First loss) and Equity (Ordinary shares, Preference shares, Fund investments, Convertible loan notes, PIK shares). The solution(s) & services would need to be capable of supporting our users in daily workflows across our Financial Risk Management, Finance Operations, Financial Control, Portfolio Management and Treasury teams. The solution(s) & services will enable NWF to manage and monitor its investment in an efficient and transparent manner. As NWF are wholly owned by HMT, any solution & services must be capable of meeting our user requirements and offer value for money. Any dates or values provided as part of this notice are estimates only and are subject to change depending on wider approvals and feedback to the early market engagement.

Planning Information

1) NWF intends to conduct Early Market Engagement ("EME") with the market through this notice with a view to sharing information and seeking input from the market to inform and shape our procurement plans and approach in November 2025. 2) NWF will provide Suppliers with an opportunity to feedback on a number of documents it intends to release as part of its tender and the proposed tender process and timelines. 3) These documents will be accessed via the live opportunities list on NWF's Atamis eSourcing Portal in accordance with the instructions below in step 6 and completed feedback must be submitted via the eSourcing Portal (Atamis). We expect the documentation to be available from the week commencing the 10th November 2025. 4) Respondents can indicate whether they are open to a follow up meeting (s) to discuss any of the feedback they provide. Please note that due to time and resource constraints, it may not be possible for NWF to meet with all interested suppliers. In the event that the level of supplier interest in our market engagement activities exceeds our capacity to accommodate individual meetings, we reserve the right to schedule meetings on a first come, first served basis or with a representative sample of those who have submitted requests. NWF takes the view that this will constitute a fair mechanism to ensure that a range of suppliers within the market are represented (e.g., by similar solutions or responses). To ensure transparency and equal treatment, all relevant information shared by NWF with suppliers during these meetings will also be made available to the wider market at a later date. Please note that participation in this engagement will not confer any advantage or preference in relation to any future procurement process Further information will be able to be found in the documents in Atamis. Please be advised that the estimated value of this requirement or timelines cannot be derived until the completion of the Early Market Engagement activities. 5) Interested organisations should note that the procurement strategy and timetable have not been finalised at this stage. NWF will collate and analyse the responses received to decide on its final requirements and tender documents. Responses may be used to develop and scope the procurement strategy and process. NWF will make a final decision on the procurement strategy, timetable, and content of the procurement documentation, having considered feedback, although NWF it not obliged to incorporate any of the feedback received into the ultimate process/documentation. This market engagement exercise does not constitute a commitment to undertake any procurement activity. NWF expects to award one contract for the services but reserves the right to divide the scope into lots / service areas for bidding purposes and/or carve out some elements of the service scope and procure these separately or to pursue in-house solutions. 6) To access, please register on Atamis, available on the following link: https://atamis-3929.my.site.com/s/Welcome and send an email to Procurement@nationalwealthfund.org.uk to be included and once the early market engagement activity begins, we will add you to the event to view the documentation. This will then be visible on the 'View our Live Opportunities' from the home page on Atamis, If you are not already registered on the system, you will need to do so before gaining full access to the documentation and being able to submit your response. We expect the documentation to be available from the week commencing the 10th November 2025.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05d370
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/085624-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

72 - IT services: consulting, software development, Internet and support

98 - Other community, social and personal services

CPV Codes

48517000 - IT software package

72000000 - IT services: consulting, software development, Internet and support

72212517 - IT software development services

72260000 - Software-related services

72263000 - Software implementation services

72312000 - Data entry services

98110000 - Services furnished by business, professional and specialist organisations

Notice Value(s)

Tender Value
£10,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Dec 20256 days ago
Submission Deadline
Not specified
Future Notice Date
6 Jan 20262 weeks to go
Award Date
Not specified
Contract Period
30 Apr 2026 - 30 Apr 2031 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Planning
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL WEALTH FUND LIMITED
Contact Name
Not specified
Contact Email
procurement@nationalwealthfund.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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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