This public procurement record has 4 releases in its history.

Award

03 Aug 2026 at 15:40

TenderUpdate

22 Jun 2026 at 07:46

Tender

29 May 2026 at 15:23

Planning

01 Apr 2026 at 10:36

Summary of the contracting process

The UK Research & Innovation (UKRI) has completed the procurement process for the "UKRI-5955 IUK Venture Builder Pilot" with a contract awarded to PIONEERING VENTURES LIMITED. This procurement, focused on business development consultancy services, falls under the industry category of deep-tech innovation and was conducted using an open procedure. With a procurement stage now at the 'Award' status as of 3rd August 2026, the contract period is set to begin on 17th August 2026 and end on 16th August 2027, with a potential extension up to an additional 12 months. The location for the delivery of services is Swindon, UK (UKK14 region), and the total contract value amounts to £1,488,000 gross. Key dates included a milestone target for contract signing scheduled for 14th August 2026.

This tender offers significant opportunities for businesses involved in deep-tech and consultancy services, particularly SMEs, as the procurement is designed to support the growth of deep-tech teams into investor-ready entities. Ideal candidates for future similar opportunities would include companies offering innovative solutions in the Industrial Strategy priority sectors, namely Frontier AI, Engineering Biology, and Advanced Manufacturing and Materials. The open procurement method used allows diverse suppliers to participate, and the established ecosystem in Swindon provides a fertile ground for collaboration and networking with deep-tech enterprises and potential investors, ultimately fuelling business growth and expansion in cutting-edge technology domains.

How relevant is this notice?

Notice Title

UKRI-5955 IUK Venture Builder Pilot

Notice Description

The Venture Builder pilot takes validated deep-tech teams in three Industrial Strategy priority sectors and works intensively to bring them to the point where an investor can make a decision.

Lot Information

Lot 1

Options: UKRI may increase the value of the contract to include additional similar services where permitted to do so under Schedule 8 of the Procurement Act 2023.

Renewal: The Contract duration shall be for a period of 12 months with an option to extend for further period of up to 12 months (1+1).

Planning Information

Market engagement Webinar

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-067a85
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/073371-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79411100 - Business development consultancy services

Notice Value(s)

Tender Value
£1,250,000 £1M-£10M
Lots Value
£1,250,000 £1M-£10M
Awards Value
£1,240,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
3 Aug 20262 days ago
Submission Deadline
29 Jun 2026Expired
Future Notice Date
21 Apr 2026Expired
Award Date
23 Jul 20261 weeks ago
Contract Period
16 Aug 2026 - 16 Aug 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
UK RESEARCH & INNOVATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FL
Post Town
Swindon
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified

Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

PIONEERING VENTURES

Further Information

Notice Documents

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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