--- title: "Shared Ownership Financial Advice" ocid: "ocds-r6ebe6-0000661813" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000661813" markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000661813.md" json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000661813.json" source: "Public Contracts Scotland" current_stage: "Planning" buyer: "ENERGY SAVING TRUST LTD" published: "2021-09-06" --- # Shared Ownership Financial Advice Buyer: ENERGY SAVING TRUST LTD Current stage: Planning OCID: ocds-r6ebe6-0000661813 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000661813) [Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000661813.json) ## Summary The Energy Saving Trust Ltd is planning a tender for "Shared Ownership Financial Advice" that falls under the environmental protection industry category. Located in Edinburgh, this procurement process is currently at the planning stage, with a call for expressions of interest due by 24 September 2021. This tender aims to identify qualified financial advisors who can support community organisations with shared ownership projects, which are seeing an increase in demand due to over 30 consented wind farm projects ready to offer shared ownership opportunities. Interested parties are encouraged to engage prior to the mentioned deadline. This tender represents a significant opportunity for financial advisors and businesses specialising in environmental consulting and community investment. Those equipped with the necessary regulatory permissions from the Financial Conduct Authority (FCA) and relevant experience in advising on renewable energy projects can position themselves advantageously in this niche market. With the expected growth in community renewable energy developments, businesses targeting this sector could find viable avenues for expansion while simultaneously contributing to the sustainability goals of local communities. ## Notice The regulatory and technical requirement to complete work on shared ownership projects is high. Community organisations have struggled to obtain competitive quotes even after engaging with the market. This PIN is intended to identify if there are suitably qualified financial advisors in the marketplace that can be engaged to support this work in the future. ### Lot Information Lot 1 The aim of this PIN is to test the market for suitably qualified financial advisors, and we anticipate that this is likely to be a very niche market. This exercise is undertaken to allow us to understand how many suitably qualified advisors are in the market or are currently in the process of developing the required regulatory permissions and experience that can be procured by communities via PCS. The Energy Saving Trust leads the Local Energy Scotland consortium who manage the Scottish Government's Community and Renewable Energy Scheme (CARES). The Scheme supports community organisations to invest in or benefit from commercial renewable energy developments. Further details can be found at https://www.localenergy.scot/. We are currently aware of over 30 fully consented wind farm projects that are offering shared ownership to communities, so there is a strong pipeline of opportunities for advisors. Advisors on these opportunities must meet the following regulatory and technical requirements. Regulatory requirements: The minimum Financial Conduct Authority (FCA) permissions required by an advisor for advising a community together with the relevant FCA Handbook rule references detailed below: - Regulatory permission - FCA Handbook rule - Agreeing to carry on a regulated activity - PERG 2.7.21G - Advising on investments with underlying permissions to allow advice to retail clients; and in investments comprising shares or units - PERG 2.7.14CG, 15G, 16G & 16-AG PERG 8.24G - Making arrangement with a view to transacting in investments - PERG 2.7.7AG (2), B, BA, BB, BC - Arranging (bringing about) deals in investments - PERG 2.7.7AG (1), B Technical experience: We would expect an advisor to have skills and experience including, inter alia, being able to: - understand the nature of the investment opportunity, in this case a renewable energy project and product (i.e. the investment type), and thus the specifics and nuances in developing and operating such an asset. - understand and be competent in undertaking and reviewing complex financial modelling. - understand, analyse, and advise on appropriate funding models and sources of leverage for the community investment. - understand the associated risks and corresponding mitigations to the investment opportunity. - understand, analyse, and calculate the potential costs and rewards for the investment opportunity. - understand the operational and regulatory requirements of the suggested pooled investment vehicle options (including other options as appropriate); and - communicate complex information effectively to a retail client audience, including a clear rationale for recommendations made (i.e. invest or not invest, most suitable investment vehicle, etc.). We would like to hear from suppliers who already have, or intend to develop, the required regulatory permissions and experience that can be procured by communities. ## Key Details | Field | Value | | --- | --- | | Publication source | Public Contracts Scotland | | Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP426633 | | Notice type | PCS Notice - Website Prior Information 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 | 6 Sep 2021 | | Submission deadline | Not specified | | Future notice date | 31 Jan 2022 | | Award date | Not specified | | Contract period | Not specified | | 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 | Planned | | Lots status | Planned | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | ENERGY SAVING TRUST LTD | | Locality | EH6 6JH | | Post town | Not specified | | Postcode | EDINBU RGH | | Country | Not specified | | ITL 1 | Not specified | | ITL 2 | Not specified | | ITL 3 | Not specified | | Local authority | Not specified | | Electoral ward | Not specified | | Westminster constituency | Not specified | | Delivery location | TLM Scotland | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66171000 - Financial consultancy services ## Release History - 6 Sep 2021 at 00:00 - Planning - PCS Notice - Website Prior Information Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP426633 ## Documents - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP426633 Shared Ownership Financial Advice - The regulatory and technical requirement to complete work on shared ownership projects is high. Community organisations have struggled to obtain competitive quotes even after engaging with the market. This PIN is intended to identify if there are suitably qualified financial advisors in the marketplace that can be engaged to support this work in the future. ## Notice URLs - http:// - http://www.energysavingtrust.org.uk - https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000661813 - https://www.localenergy.scot/ - https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=661813 ## 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-r6ebe6-0000661813. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000661813.json.