Published date: 28 September 2017

Last edited date: 28 September 2017

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: 30 October 2017

Contract summary

Industry

  • Financial and insurance services - 66000000

  • Business services: law, marketing, consulting, recruitment, printing and security - 79000000

Location of contract

Any region

Value of contract

£360,000

Procurement reference

tender_154860/622801

Published date

28 September 2017

Closing date

30 October 2017

Contract start date

1 December 2017

Contract end date

30 March 2018

Contract type

Service contract

Procedure type

Open procedure

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The 2015 Strategic Defence and Security Review announced the establishment of the cross-government Prosperity Fund from 2016 to 2021. The Fund aims to promote inclusive economic growth and development and enhance the UK's bilateral trade and investment with partners.

In 2015 UK goods exports to China amounted to £13.1bn and services exports to China amounted to £3.7bn, i.e. China was the 5th and 14th largest destination for the UK's goods and services exports, respectively. The stock of Foreign Direct Investment from the UK to China was £9.7bn in 2015, up 5% from 2014, and the stock of Foreign Direct Investment from China to the UK totalled £1.8 billion in 2015, a 68% increase from 2014. This all adds up to a huge opportunity for UK business.

The proposed projects (policy proposals to remove market access barriers; analysis and policy development in relation to UK-China investment flows and access; and the assessment of possible UK-China development zone models) will help prepare the way for the UK-China trade relationship in the 2020s.

More information

Additional text

https://fco.bravosolution.co.uk
ITT: itt_1957 - Prosperity Fund - Enhancing UK-China Bilateral Trade and Investment Running
Project: project_1433 - Prosperity Fund - Enhancing UK-China Bilateral Trade and Investment
Closing Date: 30/10/2017 12:00:00

About the buyer

Address

King Charles Street
London
SW1A 2AH
England

Email

prosperity.procurement@fco.gsi.gov.uk