Published date: 15 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.


Closing: 18 September 2023, 12pm

Contract summary

Industry

  • Financial market regulatory services - 66152000

  • Research and development consultancy services - 73200000

  • Research consultancy services - 73210000

    • Market research services - 79310000

    • Economic research services - 79311400

    • Environmental issues consultancy services - 90713000

Location of contract

Any region

Value of contract

£1 to £150,000

Procurement reference

CF-0118500D8d000003VQwdEAG

Published date

15 August 2023

Closing date

18 September 2023

Closing time

12pm

Contract start date

16 October 2023

Contract end date

31 March 2024

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

The Nature Markets Framework, published in March 2023, sets out the principles required to ensure environmental integrity while combining multiple ecosystem service revenue streams from a single intervention (stacking).

Defra is yet to develop policy on whether to increase the number of circumstances where stacking is allowed in UK nature markets. There lacks a sound evidence base, and it is unclear what stacking model would be most effective at delivering Defra's environmental and private finance ambitions as well as the effect on costs to developers within our compliance markets (biodiversity net gain and nutrient neutrality).
This research will seek to provide Defra with an understanding of the empirical theory and evidence on stacking and is expected to provide insight into the impact of different stacking models on economic, environmental, and wider social outcomes. The research should provide specific consideration to ecosystem service measurement challenges, additionality issues, the interaction between voluntary and compliance market schemes, and variations in nature market rules.

More information

Previous notice about this procurement

Stacking of nature market credits

  • Opportunity
  • Published 15 August 2023

About the buyer

Contact name

Jemma Godleman

Address

17 Smith Square
London
SW1P 3JR
UK

Email

jemma.godleman@defra.gov.uk