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Closed tender

05284-2023 Local Investment in Natural Capital (LINC)

Details

Buyer
West Midlands Combined Authority
Value
£420,000
Topic
Financial consultancy services
Published
2 January 2024
Submission
1 February 2024
Source
uk:contracts_finder

Tender description

The WMCA has been selected as one of just four areas in the UK to deliver Local Investment in Natural Capital (LINC) programmes. These programmes are elements in the Government's new Green Finance Strategy (2023) to support a green industrial revolution and transition to a climate resilient, nature-positive, net-zero economy. The ambitions of the LINC programme, to enable the public sector (and their third sector partners) to become more market-facing with their projects and programmes, align exactly with the WMCA's delivery of the NEP. The WMCA LINC programme aims to enable the region to be in a state of readiness to attract private finance into natural capital projects by 31st Jan 2025, through building the capacity, effective governance arrangements, and capability of local leaders and partner organisations. The WMCA requires consultancy support from an organisation(s) with significant knowledge and experience in establishing green finance investment vehicles/funds/platforms, developing investment ready natural capital pipelines/portfolios (ideally within an urban context), and a track record in securing blended finance.

Timeline

  1. Tender published2 January 2024
    Current notice
  2. Submission date1 February 2024

About the buyer

West Midlands Combined Authority runs regional transport, growth and skills programmes for seven West Midlands councils, and buys as a local authority with its own procurement team. Transport for West Midlands, the authority's transport arm, procures local transport policy and delivery on its behalf. The Mayor and the leaders of the seven constituent councils sign off major contracts through the authority's board.

A rolling pipeline lists larger opportunities expected over the next eighteen months.

Over the past 5 years, most of the West Midlands Combined Authority's contract awards have been in architectural and engineering services, business services and IT services.

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