---
title: "Assessing the cumulative and cross-sector economic benefits of private investment in natural capital"
ocid: "ocds-r6ebe6-0000703133"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000703133"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000703133.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000703133.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "SCOTTISH GOVERNMENT"
published: "2022-11-15"
---

# Assessing the cumulative and cross-sector economic benefits of private investment in natural capital

Buyer: SCOTTISH GOVERNMENT  
Current stage: Award  
OCID: ocds-r6ebe6-0000703133

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## Summary

The Scottish Government has completed a tender process for the procurement project titled "Assessing the cumulative and cross-sector economic benefits of private investment in natural capital". The project aims to evaluate the economic benefits of private investment in natural capital markets in Scotland. The procurement was conducted using an open procedure and concluded with an active contract awarded to WSP worth GBP 58,135. The tender opportunities were found under the main procurement category of services and were managed by the Scottish Government located in Glasgow, UK. The award was signed on 19th October 2022.

This tender offers significant business growth opportunities for companies involved in services related to natural capital investments, economic development, environmental consultancy, and research. Businesses in the fields of sustainable finance, ecosystem services, climate change mitigation, and environmental policy are well-suited to compete for these opportunities. The Scottish Government is focusing on enhancing natural capital markets and invites suppliers to engage in projects fostering responsible private investment. As the tender stage has concluded, businesses can explore collaboration opportunities for ongoing or future similar projects in the domain of natural capital investments in Scotland.

## Notice

Introduction 1. The Scottish Government (SG) wishes to commission research to assess the cumulative, cross-sector economic benefits that are likely to flow from the development of regional and national markets in Scotland for responsible private investment in natural capital. The project will help to provide a stronger economic rationale for the SG's policy development work on natural capital markets and the National Strategy for Economic Transformation (NSET). It will assess a wide range of economic benefits, looking at both the core economic indicators of jobs, gross value added (GVA) and inward investment but also assessing the wider economic indicators of value added to public sector spend, skills development, support for entrepreneurship and the associated supply chain impacts.

### Lot Information

Lot 1

2. Natural capital is a concept that recognises the role of our natural environment, alongside its intrinsic value, as an asset that provides flows of ecosystem services (e.g. clean water, carbon storage, recreational opportunities) which benefit our society and economy, making human life both possible and worth living. Framing the natural environment in this way emphasises the need to invest in and manage this asset, within safe environmental limits, so that we can continue to enjoy these benefits. 3. Given the scale of the finance gap for natural capital (central estimates suggest a gap of 20 Billion GBP for Scotland over the current decade ), both public and responsible private investment in Scotland's natural capital will be essential to meet the pace and scale of the challenge of delivering on our climate change targets and wider environment and land use policy objectives. However this challenge is also an opportunity - estimates suggest that UK private sector natural capital markets could be worth around 760 Million GBP annually by 2030 . 4. In recognition of the significant challenge and opportunity for Scotland, the SG's updated NSET includes a commitment to developing a "values-led, high-integrity market for responsible private investment in natural capital, supported by a national project pipeline for nature-based solutions" . The Climate Change Plan update (CCPu) also includes commitments to increasing the woodland carbon market by 50% by 2025 and restoring 250,000 hectares of degraded peatland by 2030. Achieving both of these goals will likely require the further development and growth of natural capital markets in Scotland, in line with the NSET.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV464294 |
| Notice type | PCS Notice - Website Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large, SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 15 Nov 2022 |
| Submission deadline | 22 Sep 2022 |
| Future notice date | Not specified |
| Award date | 19 Oct 2022 |
| Contract period | 12 Oct 2022 - 17 Mar 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £58,135 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Not specified |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SCOTTISH GOVERNMENT |
| Locality | EDINBURGH |
| Post town | Edinburgh |
| Postcode | EH1 3DG |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM32 Glasgow City |
| Local authority | Glasgow City |
| Electoral ward | Anderston/City/Yorkhill |
| Westminster constituency | Glasgow North |
| Delivery location | TLM Scotland |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | WSP |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 15 Nov 2022 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV464294
- 27 Oct 2022 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT462714
- 11 Aug 2022 at 00:00 - Tender - PCS Notice - Website Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG456123

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=AUG456123&idx=2
  15th August 2022 - CR/2022/07 - ITT
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG456123
  Assessing the cumulative and cross-sector economic benefits of private investment in natural capital - Introduction 1. The Scottish Government (SG) wishes to commission research to assess the cumulative, cross-sector economic benefits that are likely to flow from the development of regional and national markets in Scotland for responsible private investment in natural capital. The project will help to provide a stronger economic rationale for the SG's policy development work on natural capital markets and the National Strategy for Economic Transformation (NSET). It will assess a wide range of economic benefits, looking at both the core economic indicators of jobs, gross value added (GVA) and inward investment but also assessing the wider economic indicators of value added to public sector spend, skills development, support for entrepreneurship and the associated supply chain impacts.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT462714
  Assessing the cumulative and cross-sector economic benefits of private investment in natural capital - Introduction 1. The Scottish Government (SG) wishes to commission research to assess the cumulative, cross-sector economic benefits that are likely to flow from the development of regional and national markets in Scotland for responsible private investment in natural capital. The project will help to provide a stronger economic rationale for the SG's policy development work on natural capital markets and the National Strategy for Economic Transformation (NSET). It will assess a wide range of economic benefits, looking at both the core economic indicators of jobs, gross value added (GVA) and inward investment but also assessing the wider economic indicators of value added to public sector spend, skills development, support for entrepreneurship and the associated supply chain impacts.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV464294
  Assessing the cumulative and cross-sector economic benefits of private investment in natural capital - Introduction 1. The Scottish Government (SG) wishes to commission research to assess the cumulative, cross-sector economic benefits that are likely to flow from the development of regional and national markets in Scotland for responsible private investment in natural capital. The project will help to provide a stronger economic rationale for the SG's policy development work on natural capital markets and the National Strategy for Economic Transformation (NSET). It will assess a wide range of economic benefits, looking at both the core economic indicators of jobs, gross value added (GVA) and inward investment but also assessing the wider economic indicators of value added to public sector spend, skills development, support for entrepreneurship and the associated supply chain impacts.

## Notice URLs

- http://
- http://www.publiccontractsscotland.gov.uk
- http://www.scotland.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000703133

## 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-r6ebe6-0000703133. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000703133.json.