--- title: "Early Engagement for Defra's Big Nature Impact Fund" ocid: "ocds-h6vhtk-02cd46" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02cd46" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02cd46.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02cd46.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "DEFRA" published: "2021-07-27" --- # Early Engagement for Defra's Big Nature Impact Fund Buyer: DEFRA Current stage: Planning OCID: ocds-h6vhtk-02cd46 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02cd46) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02cd46.json) ## Summary The procurement process titled "Early Engagement for Defra's Big Nature Impact Fund" is being initiated by the Department for Environment, Food and Rural Affairs (Defra) in the UK. This planned tender, classified under the industry category of financial and insurance services, has a total project value of £30 million, targeting investments primarily in nature-based solutions such as tree planting and peatland restoration. Interested parties are encouraged to participate in market engagement by referring to opportunity reference project_33303 on Defra's e-tendering portal. The next key date for prospective suppliers is 1st October 2021, when further notices are expected. This tender presents a significant opportunity for businesses involved in environmental services, financial management, and innovative green solutions to engage with government efforts in leveraging private finance for sustainable projects. Companies with expertise in fund management, ecosystem services, and those promoting climate change mitigation strategies will be particularly well-suited to compete in this process. By collaborating in the establishment of the Big Nature Impact Fund, these businesses can contribute to vital environmental initiatives while potentially securing lucrative funding and project contracts. ## Notice The purpose of this notice is to gather market feedback on Defra's proposal as set out below: - Defra is proposing to launch a Big Nature Impact Fund through appointment of a Fund Manager, which will be charged with two core responsibilities: capital raising and fund deployment. More specifically, this will focus on the twin tasks of leveraging private finance into, and accelerating the development of, new ecosystem service markets. - This Fund will be structured as a public-private, blended finance vehicle. Defra intends that public investment in the Fund will incentivise and de-risk private investment into the Fund. The Fund will invest in a portfolio of projects that generate revenue from nature-based solutions providing ecosystem services (e.g. benefits from natural services including, for example, flood mitigation and water quality improvements from tree planting or carbon sequestration from restoring peat bogs). This model is being proposed following government's successful use of public-private blended impact models in other areas, including climate finance, social finance and international biodiversity. - Defra propose that the Fund should target investment into nature-based solutions with the greatest climate change mitigation potential and high potential to generate revenue from ecosystem services. We anticipate these to be primarily tree planting and peatland restoration, however, the scope of potential investments by the Fund will also include a wider range of habitats, biodiversity and nature-based solutions. Investments should support delivery of 25 Year Environment Plan targets. - The Fund will be able to use the Natural Environment Investment Readiness Fund (NEIRF) as a potential project pipeline, supporting investment ready projects to attract private investment, scale up and demonstrate revenue streams from nature-based solutions. ### Lot Information Lot 1 This notice is to call for market engagement. Interested parties should navigate to opportunity reference project_33303 on the Authority's e-tendering portal to access the request for information pack. link to the Authority's e-tendering portal: https://defra.bravosolution.co.uk/web/login.html ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/017880-2021 | | Notice type | Planning Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 27 Jul 2021 | | Submission deadline | Not specified | | Future notice date | 30 Sep 2021 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £30,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planned | | Lots status | Planned | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEFRA | | Locality | YORK | | Post town | York | | Postcode | YO1 7AB | | Country | England | | ITL 1 | TLE Yorkshire and The Humber | | ITL 2 | TLE2 North Yorkshire | | ITL 3 | TLE21 York | | Local authority | York | | Electoral ward | Guildhall | | Westminster constituency | York Central | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 27 Jul 2021 at 21:45 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/017880-2021 ## Notice URLs - https://defra.bravosolution.co.uk/web/login.html - https://www.gov.uk/government/organisations/department-for-environment-food-rural-affairs ## 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-h6vhtk-02cd46. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02cd46.json.