This public procurement record has 4 releases in its history.

Award

02 Jul 2026 at 14:12

Award

10 Jun 2026 at 13:09

TenderUpdate

01 Apr 2026 at 11:07

Tender

06 Mar 2026 at 15:10

Summary of the contracting process

In a recent procurement process, the public authority Homes England has awarded a contract for economic forecasting and scenario services to OXFORD ECONOMICS LIMITED. This contract, under the open procedure method, spans from 2nd July 2026 to 1st July 2027 with a potential extension until 29th June 2030, and is valued at £440,000. It involves the provision of quarterly macroeconomic and housing forecasts, impacting various regions across the UK, including England's local authorities. The procurement process included four final stage bids under tender ID DN809169 and relates to services under the industry category of research and development services and related consultancy services. The contracting authority's office is located in Newcastle Upon Tyne, and the contract was officially signed on 1st July 2026.

This tender represents a significant opportunity for businesses involved in economic analysis and forecasting services, especially larger consultancies with a track record of delivering robust, auditable forecasts. The work will support Homes England's key functions in risk management, financial strategy, and planning for housing and regeneration investments through its subsidiary, the National Housing Bank. With the open procedure, businesses that possess a strong analytical capability, robust economic modelling experience, and familiarity with UK macroeconomic conditions are particularly well-suited to engage in future opportunities, leveraging their expertise to influence fiscal planning and market intelligence efforts within the public sector. The scope for optional reports indicates potential for ongoing collaborations, bolstering business growth through sustained engagement with Homes England.

How relevant is this notice?

Notice Title

Homes England - Economic Forecasting and Scenario Services

Notice Description

Homes England requires quarterly macroeconomic and housing forecasting and scenario services for the UK, as well as regions and local authorities of England, in order to assist in its delivery of market intelligence and planning of current and future housing and regeneration investments through its newly established subsidiary, the National Housing Bank (NHB). As a public body audited by the National Audit Office (NAO), Homes England must maintain stringent governance and control standards, ensuring that all forecasting inputs, assumptions and outputs are robust, transparent, and fully auditable. Homes England uses baseline macroeconomic and housing forecasts, complemented by two distinct scenarios (upside and downside), to plan its delivery and expenditure in the coming financial years. These forecasts play a critical role across several core Agency functions. They are used extensively by our Risk, Finance, and Business Planning and Performance teams to support assessments of portfolio resilience, programme performance, and future market conditions. In particular, the forecasts underpin our International Financial Reporting Standards Foundation (IFRS) 9 calculations to measure Homes England's financial position. They also underpin strategic planning for future intervention, capital deployment and regeneration activity by highlighting potential turning points, emerging risks and structural shifts across housing and macroeconomic markets. It is essential that all forecasts and scenarios are based on reasonable assumptions, robust modelling evidenced by a track record of performance against observed data, and are consistent with current market standards, prevailing economic outlooks, and material risks. As such, the forecasts must be derived from a pre-existing, reputable model.

Lot Information

Lot 1

Options: Additional optional economic reports such as regional baseline forecasts

Renewal: 3 x 12month extensions

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-066472
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/062369-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

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


CPV Codes

73000000 - Research and development services and related consultancy services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£600,000 £500K-£1M
Lots Value
£600,000 £500K-£1M
Awards Value
£366,000 £100K-£500K
Contracts Value
£366,000 £100K-£500K

Notice Dates

Publication Date
2 Jul 20261 weeks ago
Submission Deadline
6 Apr 2026Expired
Future Notice Date
Not specified
Award Date
9 Jun 20261 months ago
Contract Period
1 Jul 2026 - 1 Jul 2027 6-12 months
Recurrence
2029-03-01

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
HOMES ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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), TLE Yorkshire and The Humber, 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

OXFORD ECONOMICS

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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