---
title: "Project Walnut - Subsidy Advice"
ocid: "ocds-b5fd17-fa3735df-a8b2-4121-a6a1-ba01537780b9"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-fa3735df-a8b2-4121-a6a1-ba01537780b9"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-fa3735df-a8b2-4121-a6a1-ba01537780b9.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-fa3735df-a8b2-4121-a6a1-ba01537780b9.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)"
published: "2025-09-01"
---

# Project Walnut - Subsidy Advice

Buyer: HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)  
Current stage: Award  
OCID: ocds-b5fd17-fa3735df-a8b2-4121-a6a1-ba01537780b9

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## Summary

The procurement process, titled "Project Walnut - Subsidy Advice," was conducted by Homes England, located at Newcastle upon Tyne, England. It falls under the industry categories of real estate services and financial management consultancy services. The contract, valued at £40,000, was awarded to Avison Young on 1st September 2025. The process's primary focus was on providing subsidy control advice for pricing and profit assessment. Although the tender period concluded on 25th August 2025, the contract period is set from 7th September to 1st December 2025, indicating that it is currently at the award stage.

This tender presents viable opportunities for businesses within the real estate and financial consultancy sectors, particularly those with expertise in subsidy control and pricing strategies. Large firms or consortiums capable of assessing market comparables and providing comprehensive financial advice would be well-suited to participate in similar tenders in the future. By securing such contracts, businesses can expand their clientele and enhance their service portfolios in the consulting and real estate markets, leveraging successful collaborations with significant entities like Homes England.

## Notice

AY to advise on subsidy control for pricing and the profit waterfall. Work will be split into Phase 1 (initial advice) and Phase 2 (detailed report post-approval). Benchmarking and review. AY will benchmark pricing across the capital stack using market comparables, review draft HOTs, and support the Q&A process with MGT. Risk and compliance. The aim is to flag potential issues and propose mitigations, recognising that unlike previous pari passu equity investments, Homes England will be taking a different return to its partner.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a0cfe0b2-93f9-435a-9ea6-8a16cf5d41fb |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not applicable |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Sep 2025 |
| Submission deadline | 25 Aug 2025 |
| Future notice date | Not specified |
| Award date | 31 Aug 2025 |
| Contract period | 6 Sep 2025 - 1 Dec 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £40,000 |
| Lots value | Not specified |
| Awards value | £40,000 |
| 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 | HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY) |
| Locality | NEWCASTLE UPON TYNE |
| Post town | Newcastle upon Tyne |
| Postcode | NE4 5BZ |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Newcastle upon Tyne |
| Electoral ward | Arthur's Hill |
| Westminster constituency | Newcastle upon Tyne Central and West |
| 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) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | AVISON YOUNG |

## CPV Codes

### Divisions

- 70 - Real estate services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 70000000 - Real estate services
- 79412000 - Financial management consultancy services

## Release History

- 1 Sep 2025 at 15:07 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/a0cfe0b2-93f9-435a-9ea6-8a16cf5d41fb

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/a0cfe0b2-93f9-435a-9ea6-8a16cf5d41fb
  1st September 2025 - Awarded contract notice on Contracts Finder

## 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-fa3735df-a8b2-4121-a6a1-ba01537780b9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-fa3735df-a8b2-4121-a6a1-ba01537780b9.json.