Published date: 7 August 2023
Last edited date: 16 August 2023
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Financial consultancy services - 66171000
Location of contract
United Kingdom
Value of contract
£33,000
Procurement reference
UFA001
Published date
7 August 2023
Closing date
18 August 2023
Closing time
12pm
Contract start date
31 August 2023
Contract end date
1 June 2024
Contract type
Service contract
Procedure type
Open procedure (below threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
The primary purpose of this brief is to commission a suitably qualified consultant to deliver an options appraisal for new innovative finance products for urban trees and create a flow chart to help local authorities and others quickly identify what type of green finance might be most suitable for the type of urban forest they have, or wat to develop. More detail of the specific objectives of this work and the deliverables required is set out below:
I. Discovery, development and design of new innovative finance opportunities for urban trees and forests based on delivery of environmental, social and economic outcomes.
a. The focus for this work should be on identifying/designing funding models for urban tree planting which isn't viable for established natural capital markets (e.g. carbon, BNG), which could be structured around contributing to:
i. Reducing air pollution
ii. Workplace recruitment/retention
iii. Reducing urban heat islands
iv. NFM and SUDs
v. Social prescribing
b. Responding to identified gaps in the market and evidenced outcomes, the successful consultants are required to undertake an initial options appraisal of innovative funding models for urban trees and woods.
c. The consultants will then seek to develop one of those ideas further, building the business case for that new product or approach. This would include undertaking the following core tasks:
i. Design of business models
ii. Stakeholder engagement to assess willingness to pay and prices
iii. Financial modelling
iv. Investment case where modelling illustrates viability
v. High level recommendations on legal and operational models, where investment case is promising.
d. As this is a developing and rapidly changing sector, the work will need to consider local and national projects, context and policy. For example, initiatives such as West Midlands Combined Authority's Local Investment in Natural Capital programme could have an impact on the feasibility of potential models in Birmingham. Such initiatives should therefore be considered an analysing opportunities for innovative finance models.
II. Development of Green Finance Flow Chart
Developing a simple Urban Forest Green Finance Flow Chart to help local authorities and others quickly identify what type of green finance might be most suitable for the type of urban forest they have in their area. For example it should quickly and easily help to identify the main sources of innovative finance for e.g. new trees, planted in a woodland-setting in peri urban locations.
Tenders should not exceed 10 pages in length and will be assessed against a range of weighted criteria, outlined below:
Criteria
Quality - 30%
Methodology - 30%
Value for money - 20%
Past experience - 10%
Social impact - 10%
Please submit proposals by email before the deadline of 12:00 noon on 25 August, to the following contact:
David Coughlin
david.coughlin@nationaltrust.org.uk
07929 668146
About the buyer
Contact name
David Coughlin
Address
HEELIS, KEMBLE DRIVE
SWINDON
SN22NA
England
Telephone
07929668146
Share this notice
Closing: 18 August 2023, 12pm
All content is available under the
