--- title: "Big Nature Impact Fund - Request for Proposal" ocid: "ocds-b5fd17-8cc668b0-b0a6-4fac-b736-8ada17b795cd" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-8cc668b0-b0a6-4fac-b736-8ada17b795cd" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-8cc668b0-b0a6-4fac-b736-8ada17b795cd.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-8cc668b0-b0a6-4fac-b736-8ada17b795cd.json" source: "Contracts Finder" current_stage: "Tender" buyer: "DEFRA NETWORK ETENDERING PORTAL" published: "2021-11-22" --- # Big Nature Impact Fund - Request for Proposal Buyer: DEFRA NETWORK ETENDERING PORTAL Current stage: Tender OCID: ocds-b5fd17-8cc668b0-b0a6-4fac-b736-8ada17b795cd [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-8cc668b0-b0a6-4fac-b736-8ada17b795cd) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-8cc668b0-b0a6-4fac-b736-8ada17b795cd.json) ## Summary The Defra Network eTendering Portal is currently conducting a tender for the "Big Nature Impact Fund - Request for Proposal," aimed at appointing a Fund Manager for a public-private blended finance vehicle with up to £30 million in public investment. This exciting opportunity falls within the financial and insurance services industry and is based in England, with a delivery scope that extends to British Overseas Territories, the Channel Islands, Europe, and beyond. The tender period concludes on 28 January 2022, with the contract expected to commence on 1 June 2022 and continue until 31 May 2039. The tender is being executed through an open procedure below threshold, allowing for broad participation from interested parties. This procurement process presents significant opportunities for businesses focused on ecosystem services and environmental sustainability, particularly for small and medium-sized enterprises (SMEs) that can contribute innovative solutions related to tree planting, peatland restoration, and natural flood management. Companies that specialise in delivering nature-based solutions and those capable of leveraging private finance for environmental projects would be well poised to compete in this tender. By participating, businesses can help shape the future of natural capital markets while opening avenues for growth in the expanding field of ecological finance. ## Notice Defra is launching a competition to appoint a Fund Manager for the Big Nature Impact Fund (BNIF), a proposed public-private blended finance vehicle with up to PS30 million public investment. In the England Trees Action Plan, Defra committed to create an impact fund which could leverage private finance into new natural capital markets for carbon, water quality, biodiversity, natural flood alleviation and other ecosystem services. In Summer 2021, Defra launched a Request for Information to seek market insight on the Fund's design. Now, Defra is seeking proposals from potential managers for how they would design and run the Fund. The Fund has the following policy objectives: 1. Create a legacy of investor confidence in ecosystem services markets by demonstrating the viability of investments at scale. 2. Further develop and pilot new business models for ecosystem services. 3. Increase viability of more natural environment projects. 4. Leverage private finance to increase rates of tree planting, woodland creation, peatland restoration, and habitat creation. 5. Realise the benefits of nature-based solutions, including carbon sequestration, biodiversity gains, water quality improvements, natural flood management, and the associated social and economic benefits. 6. Generate and share knowledge of ecosystem services market models, to enable the development of a pipeline of nature-based projects. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/1b46e6f5-c2ec-4d9b-8504-b77c4eb3f112 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Planning, Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 22 Nov 2021 | | Submission deadline | 28 Jan 2022 | | Future notice date | 9 Aug 2021 | | Award date | Not specified | | Contract period | 31 May 2022 - 31 May 2039 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEFRA NETWORK ETENDERING PORTAL | | Locality | YORK | | Post town | York | | Postcode | YO1 7AB | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | St James's | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 22 Nov 2021 at 15:07 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/1b46e6f5-c2ec-4d9b-8504-b77c4eb3f112 - 27 Jul 2021 at 11:19 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/be70b58d-9f42-4568-bfd2-e06327ee01f6 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/1b46e6f5-c2ec-4d9b-8504-b77c4eb3f112 22nd November 2021 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/be70b58d-9f42-4568-bfd2-e06327ee01f6 27th July 2021 - Early engagement notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/b165bca9-5ff2-4d0e-a7b7-038717d655aa n/a - https://www.contractsfinder.service.gov.uk/Notice/Attachment/63523ec5-89e8-4b2d-bddd-b8b30802a759 n/a - https://www.contractsfinder.service.gov.uk/Notice/Attachment/b0318618-d000-46d3-a2ab-7d03c3166afe n/a - https://www.contractsfinder.service.gov.uk/Notice/Attachment/01630643-1a08-4e42-ad07-4e1de4e2fb50 n/a - https://defra.bravosolution.co.uk Link to eSourcing Portal ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-8cc668b0-b0a6-4fac-b736-8ada17b795cd. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-8cc668b0-b0a6-4fac-b736-8ada17b795cd.json.