Published date: 16 May 2017

Last edited date: 16 May 2017

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


Closing: 4 April 2017

Contract summary

Industry

  • Research and development consultancy services - 73200000

  • Market and economic research; polling and statistics - 79300000

Location of contract

London

Value of contract

£70,000

Procurement reference

UK SBS FWRECR17047BEIS - Overseas Company and Other Legal Entities Beneficial Ownership Register

Published date

16 May 2017

Closing date

4 April 2017

Contract start date

1 May 2017

Contract end date

10 July 2017

Contract type

Service contract

Procedure type

Other:

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

This research will be used to inform policy making and produce an impact assessment for this policy.

The main objective is to understand the effect of enhanced transparency on the owners and controllers of overseas entities that own, or wish to purchase, land or property in the UK, as well as the likely impact on inward investment to the UK.

Approach
We expect 5 key outcomes from the project.
• Outcome 1: Survey data and analysis of the perceived impact of increased transparency (of the owners and controllers behind overseas entities that own, or wish to purchase property in the UK) on the UK's ability to attract overseas investment, and its reputation for Foreign Direct Investment. This should also include the the value that UK investors, funds based in major overseas markets, and other groups such as civil society organisations may see in the additional information that is going to be available to them. This data should be drawn from discussions with a broad range of stakeholders and overseas entities that own property in the UK.

• Outcome 2: Survey data and analysis of the impact of the policy on the UK property market. This should include analysis of the impacts on commercial and residential property; property purchased for use by the overseas entity itself and property purchased primarily as an investment; high-value property and non-high value property, London property vs rest of the UK. Data should be drawn from discussions with a broad range of stakeholders and the overseas entities that own UK property. It should also include an analysis of current overseas investment in the UK commercial and residential property market by linking the Land Registry data with Ordnance Survey Address Base data. It should be possible to segment these survey results by country of incorporation.

• Outcome 3: Survey data and analysis of the costs and benefits of compliance for overseas entities. This should be drawn from discussions with the broad range of stakeholders and companies that own property in the UK.

• Outcome 4: Survey data and analysis of the perceived impact of the policy on overseas entities' motivations and behaviour regarding investing in the UK property market. This should be drawn from discussions with the broad range of stakeholders, funds that invest in UK property, and the overseas entities that already own UK property. It should include a comparison between the the UK and other countries with competitive property markets.

• Outcome 5: The research should also seek to identify any additional impacts of the policy that need to be considered, through discussions with overseas entities that own UK property and key players in the UK property market.

Award information

Awarded date

27 April 2017

Contract start date

16 May 2017

Contract end date

10 July 2017

Total value of contract

£67,428.69

This contract was awarded to 1 supplier.

IFF Research Ltd

Address

Chart House
16 Chart Street
London
UK
N1 6DD

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

Polaris House
North Star Avenue
Swindon
SN2 1ET
England

Email

Research@uksbs.co.uk