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UPN-00618 - Future Places Fund

West of England Combined Authority

This public procurement record has 4 releases in its history.

Tender

20 Aug 2026 at 14:13

UK4 - Tender Notice
PlanningUpdate

20 Jul 2026 at 10:53

UK2 - Preliminary Market Engagement Notice
PlanningUpdate

20 Jul 2026 at 10:49

UK2 - Preliminary Market Engagement Notice
Planning

20 Jul 2026 at 10:42

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The West of England Combined Authority is procuring an investment adviser for its Future Places Fund, a place-based investment fund intended to accelerate sustainable economic growth, unlock housing and regeneration opportunities, and support resilient communities across the West of England. The services cover strategic and technical investment advice, assessment of investment opportunities, recommendations on suitable funding structures and financial instruments, investment appraisal and due diligence, and oversight of parts of the Fund’s investment governance and decision-making. This is a financial consultancy services requirement with a real-estate investment element. Delivery is across the West of England. The buying organisation is the West of England Combined Authority, a public authority based in Bristol.

The procurement has reached tender: the buyer invited offers through an open procedure. There is one lot, with an estimated value of £1,000,000 excluding VAT and £1,200,000 including VAT. The contract is scheduled to run from 11 November 2026 to 10 November 2029, with options for two further one-year renewals. Clarification questions must be submitted by 3 September 2026 at 12:00, and tenders by 15 September 2026 at 12:00. The intended award decision date is 26 October 2026. Electronic submission is allowed, in English, through the Atamis sourcing portal after registering interest. Offers will be evaluated on technical quality at 70%, commercial price at 20%, and social value at 10%.

This opportunity suits an investment advisory business with demonstrable experience of strategic and technical investment advice, particularly in place-based investment, economic growth, housing, regeneration or real-estate-related opportunities. Suppliers should be able to identify and assess investment opportunities, recommend appropriate funding structures and instruments, and carry out robust appraisal and due diligence. They will also need the capability to advise on, and oversee elements of, investment governance and decision-making. The requirement is marked as suitable for small and medium-sized enterprises, so it may be relevant to specialist advisory firms as well as larger consultancies. A strong bid will need to demonstrate suitably qualified personnel, relevant experience, sound financial and technical analysis, and the ability to provide social value alongside the core advisory service.

How relevant is this notice?

Notice Information

Notice Title

UPN-00618 - Future Places Fund

Notice Description

The West of England Mayoral Combined Authority (WECA) has established the Future Places Fund, a targeted place-based investment fund designed to accelerate sustainable economic growth, unlock housing and regeneration opportunities, and support resilient communities across the West of England. WECA is seeking to appoint a suitably qualified and experienced investment adviser to provide strategic and technical investment advisory services in relation to the Fund. The appointed provider will be responsible for advising on investment opportunities, providing recommendations on appropriate funding structures and instruments, supporting investment appraisal and due diligence processes, and overseeing elements of the investment governance and decision-making process. The contract will be awarded to the successful supplier, in accordance with the procurement documents and the requirements set out in the specification.

Lot Information

Lot 1

Options: 1 year plus 1 year

Renewal: 1 year plus 1 year

Planning Information

Engagement process description The West of England Mayoral Combined Authority intends to host a market engagement event in advance of an upcoming procurement competition for the Future Places Fund procurement. The event will be held online via Microsoft Teams on Thursday 23rd July 2026 from 11:00 - 11:45. In order to register your interest for this event, please register your interest through the Atamis sourcing portal: https://weca-atamis.my.site.com/s/Welcome Once you have registered interest for this opportunity, a link to the Market Engagement Event will be sent to your registered supplier email address. If you do not currently have an Atamis supplier account, you will need to register to be able to access this opportunity. Details can be found below: https://suppliersupport.atamis.co.uk/hc/en-gb/articles/4613254620319-Registering-with-a-Supplier-Portal#h_01JETWJWYHX0AZ3TWTCYWN3PVG The event is expected to be interactive with attendees encouraged to provide feedback and participate in Q&A SUPPLIERS WISHING TO ATTEND MUST EXPRESS THEIR INTEREST VIA ATAMIS NO LATER THAN 17:00 ON WEDNESDAY 22ND JULY 2026 Due to capacity restrictions, attendance is limited to two representatives per organisation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06ce8c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/079485-2026
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

70 - Real estate services

CPV Codes

66171000 - Financial consultancy services

70000000 - Real estate services

Notice Value(s)

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

Notice Dates

Publication Date
20 Aug 20263 weeks ago
Submission Deadline
15 Sep 2026Expired
Future Notice Date
30 Jul 2026Expired
Award Date
Not specified
Contract Period
11 Nov 2026 - 10 Nov 2029 3-4 years
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
West of England Combined Authority
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 6AL
Postcode Area
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)
Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

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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