Published date: 15 August 2024

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 8 May 2024, 1pm

Contract summary

Industry

  • Research services - 73110000

Location of contract

M3 5BS

Value of contract

£268,743

Procurement reference

tender_413556/1390970

Published date

15 August 2024

Closing date

8 May 2024

Closing time

1pm

Contract start date

23 July 2024

Contract end date

3 March 2025

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

Background
Putting in place the conditions to align global financial flows with the Paris Agreements goals is a critical enabler of UK climate policy objectives, including to enable low carbon and climate resilient growth in emerging markets and developing economies (EMDEs). To achieve this, in addition to direct and indirect mobilisation of finance there is a global need for a shift in the financial system.

The UK has a number of levers to develop and implement;greening finances; measures, this includes furthering our domestic policy framework, engaging in multilateral supporting voluntary standards setting initiatives, and through green finance capacity building for EMDEs. Given the pace and scale of the change needed and the globally linked nature of the financial system, it is crucial that technical assistance efforts in EMDEs and global policy initiatives move in tandem to build lasting capacity, enable market access, and ensure environmental integrity. In the 2023 Green Finance Strategy, the UK therefore committed to work with industry and country partners to develop a toolkit for optimising support for the greening of financial systems in EMDEs. This project seeks to achieve this through the development of a Green Finance Toolkit which will provide research insights and tools to support UK government processes and strategy development, including in relation to UK International Climate Finance (ICF) programming.

Requirements
The Green Finance Toolkit package will include (1) an internal report to government providing lessons learned and recommendations for future specific UK interventions; (2) the development of a Diagnostic Toolkit based on report findings to support engagement with countries and the triaging and sequencing of technical assistance requests; and (3) a set of how to guides setting out how to approach the development of a coherent green finance policy framework, incorporating learning from the UKs;s approach, to be used in international engagement.

These will be HMG-owned products with (1) being an internal document; (2) being used internally and with delivery partners; and (3) being used in external communications. Our preference is for (1) and (2) to be delivered by the same supplier given the close links between the two products, though we welcome separate proposals. (3) could be developed by a separate supplier if beneficial and we would welcome proposals from consortia.

More information

Previous notice about this procurement

Green Finance Toolkit

  • Opportunity
  • Published 3 April 2024

Attachments

Additional text

Redacted contract

Award information

Awarded date

23 July 2024

Contract start date

23 July 2024

Contract end date

3 March 2025

Total value of contract

£268,743

This contract was awarded to 1 supplier.

Grant Thornton UK LLP

Address

30 Finsbury Square London EC2A 1AG

Reference

Companies House number: OC307742

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

Trinity Bridge House, 2 Dearmans Place
Salford
M3 5BS
England

Email

internationalclimateandenergy.procurement@energysecurity.gov.uk