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PS26147 - Directors Insurance for Innovate UK Loans Ltd 2026

UK RESEARCH & INNOVATION

This public procurement record has 1 release in its history.

Award

20 May 2026 at 12:41

UK7 - Contract Details Notice
Summary of the contracting process

The procurement process led by UK Research and Innovation (UKRI) for Directors Insurance for Innovate UK Loans Ltd 2026 has been concluded. The procurement, identified as PS26147, falls within the insurance and pension services industry and is located in the United Kingdom. The tender was completed without a competitive process due to technical reasons, with Marsh Limited being contracted to provide the services. The direct procurement method was utilised, and the award was finalised with the contract active as of 14th May 2026 for a total value of £17,136 GBP. The contract completion was documented on 31st May 2026, ensuring all obligations are met within the stipulated timeline.

This tender creates opportunities for businesses operating within the insurance sector, particularly those capable of negotiating competitive rates and providing comprehensive services to large-scale government clients like UKRI. Although the process did not include an open competition this time, it highlights the importance of building strategic alliances and demonstrating unique capabilities that meet specific technical demands. Large firms with significant market experience and expertise in public sector contracts may find similar opportunities advantageous for expanding their service offerings in the public procurement landscape.

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Notice Information

Notice Title

PS26147 - Directors Insurance for Innovate UK Loans Ltd 2026

Notice Description

***** THIS IS A CONTRACT DETAILS NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded without competition due to an absence of competition for technical reasons, only a particular supplier can supply the goods, services or works required. Brief Description of Requirement UKRI has a contract with Marsh to obtain the best insurances and the best price for UKRI. This insurance has been placed and the premium changed is lower than last year, market reviews are regularly carried out by Marsh.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-069d4f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/046335-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£17,136 Under £100K

Notice Dates

Publication Date
20 May 20263 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 May 2026 - 31 May 2026 30 days
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

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
Postcode Area
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

Marsh Limited

Further Information

Notice Documents

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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