Blue Impact Funding

Contract summary

Industry

• Management-related services - 79420000

Location of contract

Any region

Value of contract

£36,667

Procurement reference

tender_265280/929247

Published date

1 March 2021

Closing date

25 February 2021

Closing time

12pm

Contract start date

1 March 2021

Contract end date

30 September 2021

Contract type

Service contract

Procedure type

Single tender action (below threshold)

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

---

Description

Finance Earth, in partnership with WWF, have designed and proposed a Blue Impact Fund (BIF) and Ocean Recovery Trust (ORT) to attract and manage impact investment (BIF) and philanthropic / grant investment (ORT) for the marine and coastal environment. This fund was one of the key output recommendations from the Marine Pioneer. It should result in additional funding being available to support the DEFRA group's coastal restoration and fishery ambitions and will pioneer an innovative financing approach for the environment.
The DEFRA group seek to engage Finance Earth to progress and complete the set-up of the BIF and ORT. Deliverables include draft fund strategies and proposals, fund set-up and incorporation and outputs delivered to support data and knowledge sharing between our respective organisations.

---

More information

Attachments

• Standard Contract Services BIF 32297 Redacted.pdf
• Tender notice
• n/a

---

Award information

Awarded date

26 February 2021

Contract start date

1 March 2021

Contract end date

30 September 2021

Total value of contract

£36,667

This contract was awarded to 1 supplier.

Finance Earth

---

About the buyer

Address

Noble House, 17 Smith Square
London
SW1P 3JR
England

Email

mark.chamberlain@defra.gov.uk