---
title: "Local Investment in Natural Capital"
ocid: "ocds-b5fd17-6903cd7a-dc5d-48ec-a931-2e57995a5e1e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-6903cd7a-dc5d-48ec-a931-2e57995a5e1e"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-6903cd7a-dc5d-48ec-a931-2e57995a5e1e.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-6903cd7a-dc5d-48ec-a931-2e57995a5e1e.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WEST MIDLANDS COMBINED AUTHORITY"
published: "2024-07-19"
---

# Local Investment in Natural Capital

Buyer: WEST MIDLANDS COMBINED AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-6903cd7a-dc5d-48ec-a931-2e57995a5e1e

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## Summary

The West Midlands Combined Authority (WMCA) has completed a procurement process for the consultancy services related to "Local Investment in Natural Capital." The objective is to establish green finance investment platforms, develop investment-ready natural capital pipelines, and secure blended finance to attract investment towards environment-driven project opportunities in the urban West Midlands region. The procurement method used was an open procedure, with a contract value of £399,456. The tender period ended on 1st February 2024, and the contract period is from 20th May 2024 to 1st May 2025.

This tender by WMCA offers opportunities for consultancy organisations experienced in green finance, investment platforms, and blended finance to contribute towards innovative solutions for natural capital projects in the West Midlands region. Businesses with expertise in establishing regional investment vehicles, conducting market research, and developing natural capital finance strategies are well-suited to compete. The consultancy support required includes stakeholder engagement activities, market research reports, and the creation of a regional investment vehicle, among other deliverables, aimed at driving green finance initiatives in the region.

## Notice

The West Midlands Combined Authority (WMCA) published its Natural Environment Plan (NEP) in September 2021. This was produced in collaboration with stakeholders from the public and third sectors and sets out the Authorities ambition to protect, enhance, and restore the natural environment across the West Midlands, for the benefit of the region's ecosystem, people, and communities. On the back of this NEP work, the WMCA was selected by Government as one of just four areas in the UK to deliver Local Investment in Natural Capital (LINC) programmes. These programmes are key elements in the Government's new Green Finance Strategy (2023) to support a green industrial revolution and transition the UK to a climate resilient, nature-positive, net-zero economy. The ambitions of the LINC programme are aligned with the WMCA's NEP, and this includes the need to explore new financial mechanisms (e.g., leveraging private sector finance, green bonds, climate bonds etc) to help attract investment towards environment driven project opportunities. The WMCA now requires consultancy support from an organisation(s) with significant knowledge and experience in establishing green finance investment platforms, developing investment ready natural capital pipelines/portfolios, and a track record in securing blended finance. This consultancy support is expected to provide innovation and knowledge generation that will help develop solutions to the problems outlined below- a) The WMCA geography is predominantly urban with a fragmented and limited land bank for large-scale natural capital schemes. b) Market research indicates investors are focusing on environmental projects of landscape-scale with multi-million-pound investment opportunities. c) Constituent Authorities are in significantly different states of readiness with regards to Biodiversity Net Gain (BNG). d) Lack of local governance arrangements and delivery frameworks. e) Lack of models, learning and evidence of 'what works' f) The few regional natural capital projects which are more "mature" in their development have already started their own journey to securing investment, but are struggling due to lack of scale, capability, and capacity. Upon completion of this contract the WMCA expect the appointed consultant to deliver the following outputs- I. Stakeholder engagement activities. II. A market research report. III. A regional investment vehicle/fund/platform. IV. A regional natural capital project pipeline and aggregation framework V. An options appraisal and roadmap VI. A natural capital investment prospectus. VII. A natural capital finance strategy. VIII. An investment in natural capital business case and growth plan. IX. Information architecture - data for pipeline, investment vehicle, and MRV purposes X. Pilot projects, case studies, and end of project report. XI. An engaged cohort of project owners, sellers, buyers, and investors.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/1fac6b7d-2292-4622-b72d-779029c04a06 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Jul 2024 |
| Submission deadline | 1 Feb 2024 |
| Future notice date | Not specified |
| Award date | 8 Apr 2024 |
| Contract period | 19 May 2024 - 1 May 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £399,456 |
| Lots value | Not specified |
| Awards value | £399,456 |
| 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 | WEST MIDLANDS COMBINED AUTHORITY |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B19 3TR |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Soho & Jewellery Quarter |
| Westminster constituency | Birmingham Ladywood |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | FINANCE EARTH |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 19 Jul 2024 at 11:56 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1fac6b7d-2292-4622-b72d-779029c04a06

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/1fac6b7d-2292-4622-b72d-779029c04a06
  19th July 2024 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.wmca.org.uk

## Provenance

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