--- title: "Support for developing a business case for Local Authority/ Lendology - Able to Pay Retrofit Finance" ocid: "ocds-b5fd17-9ab052f7-580b-4d2a-b491-801ab2b3af20" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-9ab052f7-580b-4d2a-b491-801ab2b3af20" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-9ab052f7-580b-4d2a-b491-801ab2b3af20.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-9ab052f7-580b-4d2a-b491-801ab2b3af20.json" source: "Contracts Finder" current_stage: "Tender" buyer: "WEST OF ENGLAND COMBINED AUTHORITY" published: "2022-02-11" --- # Support for developing a business case for Local Authority/ Lendology - Able to Pay Retrofit Finance Buyer: WEST OF ENGLAND COMBINED AUTHORITY Current stage: Tender OCID: ocds-b5fd17-9ab052f7-580b-4d2a-b491-801ab2b3af20 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-9ab052f7-580b-4d2a-b491-801ab2b3af20) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-9ab052f7-580b-4d2a-b491-801ab2b3af20.json) ## Summary The West of England Combined Authority is seeking support for developing a business case related to Lendology's Able to Pay Retrofit Finance project. This initiative aligns with the regional commitment to achieve carbon neutrality by 2030, amidst the broader UK Government's pledge for carbon neutrality by 2050. The tender, classified under corporate finance and venture capital services, is currently in the planning stage with a tender period ending on 7 March 2022. The contract is anticipated to commence on 12 March 2022 and run until 9 May 2022, with a budget of £15,000 directed towards this significant environmental effort in the South West region. This procurement opportunity is especially relevant for small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) engaged in finance and sustainability sectors. Businesses specialising in renewable energy solutions, energy efficiency, and financial services aimed at green projects will find this tender appealing, as the focus on the Able to Pay retrofit market opens avenues for innovative finance models to support homeowners in improving their properties' energy efficiency. Participation in this project not only contributes to environmental goals but also positions businesses to play a pivotal role in the emerging sustainable finance landscape. ## Notice The UK Government has declared its climate emergency and pledges to be carbon neutral by 2050. Many Councils in the South West region have also declared climate emergencies but have set more ambitious targets, with many aiming to reach carbon neutrality by 2030. The Able to Pay (ATP) retrofit market is of key significance in delivering the ambitions of the regions carbon reduction agenda as it is imperative that more focus is dedicated to the decarbonisation of heat through the retrofit of the UK housing stock. Currently our homes use 35% of all the energy in the UK and emit 20% of the carbon dioxide emissions, and 19% of Devon's total emissions. If the UK Government and Devon are to deliver their targets of a 68% emissions reduction by 2030, and net zero by 2050, household emissions need to be addressed. To reduce the emissions from heat there is a need to drastically increase heating from renewable resources and to reduce the heat losses from buildings once this heat has been delivered. To do this a large % of house types have to be more thermally secure than at present to allow for the efficient use of heat pumps (HP) in the heating of these properties. Regen have publicly stated that 190,000 heat pumps are required to be installed in the HoSW by 2030 alone. Of key significance in the overall deliverability of a successful ATP market is the ability of owner occupiers to have access to finance vehicles to carry out measures on their homes. This project proposes assesses the establishment of a significant regional fund for this purpose managed by Lendology with the support of the regions Local Authorities. After numerous meetings with Lendology and LA partners, as well as experts within the field of energy efficiency funding (including Bankers without Boundaries, Amber Infrastructure Group, Steve Fawkes: EnergyPro Ltd) this project has now reached a point that it requires independent appraisal. SW Energy Hub's key initial suggestions, that should form part of this appraisal's scope, are that the Lendology and similar business models need: * Smaller less ambitious fund (PS10 million rather than PS100 Million +) * Will require significant financial contribution from the public sector to attract the required private investment * That from initial engagement with the public sector that they require a more substantive business case to make the appropriate decision on the willingness or ability to fund The project needs to research and study the most appropriate business model to offer a range of financial products to the regions potential ATP market. Additional information: You will be able to register your organisation for free on the Authorities Procurement Portal https://www.supplyingthesouthwest.org.uk/ You will be able to register an interest and download tender documents and additional details from the above site. Project Reference number is DN597408 ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/369e02a4-8af2-461b-acda-a9b65903e443 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not applicable | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 11 Feb 2022 | | Submission deadline | 7 Mar 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 12 Mar 2022 - 9 May 2022 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £15,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Cancelled | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | WEST OF ENGLAND COMBINED AUTHORITY | | Locality | BRISTOL | | Post town | Bristol | | Postcode | BS1 6ER | | Country | England | | ITL 1 | TLK South West (England) | | ITL 2 | TLK5 West of England | | ITL 3 | TLK51 Bristol, City of | | Local authority | Bristol, City of | | Electoral ward | Lawrence Hill | | Westminster constituency | Bristol East | | Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services - 71 - Architectural, construction, engineering and inspection services ### Codes - 66122000 - Corporate finance and venture capital services - 71314000 - Energy and related services ## Release History - 11 Feb 2022 at 12:35 - TenderCancellation - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/369e02a4-8af2-461b-acda-a9b65903e443 - 11 Feb 2022 at 11:48 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/bd8483ca-f277-494c-bf21-2d7f3c1d8d84 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/369e02a4-8af2-461b-acda-a9b65903e443 11th February 2022 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/bd8483ca-f277-494c-bf21-2d7f3c1d8d84 11th February 2022 - Opportunity notice on Contracts Finder ## Notice URLs - https://www.supplyingthesouthwest.org.uk/ - https://www.westofengland-ca.org.uk/ ## 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-b5fd17-9ab052f7-580b-4d2a-b491-801ab2b3af20. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-9ab052f7-580b-4d2a-b491-801ab2b3af20.json.