---
title: "Review of Market-Equivalent Discount Rate methodology for Innovate UK Loans Ltd"
ocid: "ocds-b5fd17-0fb790b1-d42a-47bd-b0a0-adfd6faf2e8b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0fb790b1-d42a-47bd-b0a0-adfd6faf2e8b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0fb790b1-d42a-47bd-b0a0-adfd6faf2e8b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0fb790b1-d42a-47bd-b0a0-adfd6faf2e8b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UK SHARED BUSINESS SERVICES LIMITED"
published: "2026-10-20"
---

# Review of Market-Equivalent Discount Rate methodology for Innovate UK Loans Ltd

Buyer: UK SHARED BUSINESS SERVICES LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-0fb790b1-d42a-47bd-b0a0-adfd6faf2e8b

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## Summary

UK Shared Business Services Limited procured consultancy for Innovate UK Loans Ltd to review the methodology used to calculate a market-equivalent discount rate. The work covers checking the methodology against accounting standards, considering feedback from the National Audit Office, and comparing it with market practice and peer reporters. The supplier was also expected to recommend improvements so the methodology could support reporting periods subject to assessment. The work is research and development-related consultancy, with delivery in the United Kingdom. The buyer is UK Shared Business Services Limited; the requirement is for specialist financial and accounting methodology review rather than general research or routine accountancy services.

The procurement is complete and was awarded to PricewaterhouseCoopers LLP on 20 October 2026. The awarded contract value is £30,000. The contract runs from 20 October to 31 December 2026. The stated process was a direct award, described as a competitive quotation below the threshold. The tender record also gives a submission deadline of 16 October 2026. The requirement was assessed against compliance with accounting standards, the National Audit Office’s feedback, market practice and peer reporting, with recommendations intended to make the methodology adequate for assessed reporting periods. The procurement was identified as suitable for small and medium-sized enterprises, although the selected supplier was PricewaterhouseCoopers LLP.

For a future requirement of this kind, a credible supplier would need demonstrable expertise in financial reporting and discount-rate methodology, including the ability to test an approach against relevant accounting standards and respond to audit scrutiny. The selected work also required awareness of prevailing market practice and how peer organisations report, then the judgement to turn that analysis into practical recommendations. Suppliers would need to deliver a clear, defensible report in time to support board and audit committee review, so capacity to work to fixed governance deadlines matters alongside technical capability. This award indicates that UK Shared Business Services Limited buys focused, specialist consultancy for Innovate UK Loans Ltd rather than a broad accounting service. The stated SME suitability suggests smaller firms could be credible where they can evidence this specialist experience and deliver the required assurance.

## Notice

***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded as a direct award - PS26254 - Review of Market-Equivalent Discount Rate methodology for Innovate UK Loans Ltd. Brief overview of the requirement being awarded. review of the methodology applied, ensuring compliance with accounting standards and recommendations to both address feedback from the NAO as well considering market practice and peer reporters. Report provided in good time for review and challenge in advance of IUKL Board and Audit Committee deadlines The recommendations enable a methodology that is sufficient for reporting periods subject to assessment.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/cdfc7c7b-1c34-4623-8161-58967954be6b |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Competitive quotation (below threshold) |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Oct 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 20 Oct 2026 |
| Contract period | 20 Oct 2026 - 31 Dec 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £30,000 |
| Lots value | Not specified |
| Awards value | £30,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UK SHARED BUSINESS SERVICES LIMITED |
| Locality | SWINDON |
| Postcode area | Swindon |
| Postcode | SN2 1FF |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK7 Gloucestershire and Wiltshire |
| ITL 3 | TLK71 Swindon |
| Local authority | Swindon |
| Electoral ward | Rodbourne Cheney |
| Westminster constituency | Swindon North |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | PricewaterhouseCoopers LLP |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 20 Oct 2026 at 13:03 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/cdfc7c7b-1c34-4623-8161-58967954be6b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/cdfc7c7b-1c34-4623-8161-58967954be6b
  20th October 2026 - Awarded contract notice on Contracts Finder

## Provenance

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