Tender

Digital Reporting Education & Outreach (DREO) Innovation sprint support.

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 1 release in its history.

Tender

02 Dec 2025 at 12:58

Summary of the contracting process

The Financial Reporting Council Limited is inviting tenders for the Digital Reporting Education & Outreach (DREO) Innovation sprint support project. This complex procurement falls under the industry category of IT services, specifically focusing on consulting, software development, Internet, and support, with a broad geographic focus across various UK regions. The procurement is currently at the tender stage, with an open method being employed, allowing below-threshold competition. Interested parties must submit their tender by 12 December 2025, with enquiries accepted until 8 December 2025. The project, valued at up to £42,000, aims to enhance digital reporting by facilitating a four-month innovation sprint starting from 12 January 2026.

This tender presents significant opportunities for growth, especially for SMEs and VCSEs, able to offer unique solutions within the corporate reporting, FinTech, accounting, and xbrl ecosystem. Businesses adept at engaging stakeholder groups and managing complex projects would be well-suited to compete, as the project involves synthesising insights from engaged stakeholders and forming practical use cases to strengthen data utilisation and capital markets. The contract not only includes options for additional services but may also be renewed subject to project delivery delays or expansion needs. Engaging in this tender could position a business as a leader in supporting digital taxonomy initiatives, driving advancements in structured corporate data reporting.

How relevant is this notice?

Notice Information

Notice Title

Digital Reporting Education & Outreach (DREO) Innovation sprint support.

Notice Description

The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality. The purpose of the FRC is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. The FRC's Digital Reporting and Taxonomy team set the UK's digital reporting taxonomy. Our taxonomy is used by millions of companies in the UK to file annual report data to regulators and we are keen to ensure that the data is used to its fullest potential. The UK has a focus on economic growth, support for longer-term investment and a drive to maintain and enhance the UK's capital markets. A key enabler for all these goals is a data ecosystem that provides useful insights to the widest audience and at the lowest cost. To achieve this, it is critical to enable access to both the data and the tools to analyse the data. The UK is a world leader in collecting company and organisational data in structured digital form in the iXBRL (Inline eXtensible Business Reporting Language) format. Of the 3.1 million accounts published annually on the Companies House register, 80% are available in iXBRL format. In addition, more than 500 issuers on regulated markets file their annual reports in iXBRL format with the FCA. The FRC seeks a supplier to design and facilitate a Four (4) month innovation sprint, supporting the DREO initiative to: * Identify and engage relevant stakeholder groups from across the corpotate reporting, FinTech, accounting and xbrl ecosystem for the innovation sprints. * Run the innovation sprints to explore key themes and challenges related to the production and use of XBRL data from listed and non-listed company, charaties and other organisations annual accounts. And provide for the facilitation of group discussions or working groups to address, experiment with and consider technical topics and develop practical use cases based upto three regulator led challenges. * Synthesis and Report on the sprints including a final report or roadmap that brings together the insights and outputs from the engagement activities including barriers, gap analysis and use cases. * Provide programme management, stakeholder coordination, and documentation related to the sprints. PLEASE REFER TO THE INVITATION TO TENDER FOR FULL DETAILS. IMPORTANT * Please register your interest by emailing the FRC's procurement team, email procurement@frc.org.uk * The FRC will share all tender queries and answers with those that have registered. * Your tender submission must be submitted within the deadline by email to procurement@frc.org.uk

Lot Information

Lot 1

Options: Additional Services of the same nature.

Renewal: In the event of delay to the project activities and/or the inclusion of additional Services of the same nature.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05ece5
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/078907-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

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

Notice Value(s)

Tender Value
£35,000 Under £100K
Lots Value
£35,000 Under £100K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Dec 20252 days ago
Submission Deadline
15 Dec 20252 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
12 Jan 2026 - 16 Apr 2026 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE FINANCIAL REPORTING COUNCIL LIMITED
Contact Name
Not specified
Contact Email
procurement@frc.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E14 9GE
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England)

Local Authority
Tower Hamlets
Electoral Ward
Blackwall & Cubitt Town
Westminster Constituency
Poplar and Limehouse

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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