Published date: 1 August 2025

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


Closing: 31 March 2025, 12pm

Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

West Midlands

Value of contract

£847,765

Procurement reference

06491-2024

Published date

1 August 2025

Closing date

31 March 2025

Closing time

12pm

Contract start date

29 July 2025

Contract end date

27 March 2026

Contract type

Service contract

Procedure type

Call-off from a framework agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The aim of the LNZA programme is to seek consultancy support to help WMCA design and deliver a financial 'mechanism/ model', which will enable private and public capital to be invested into "bundled portfolios" of Net Zero projects. This investment into multiple green projects across key sectors such as energy, housing and transport will help deliver the UK's climate targets. Furthermore, by combining multiple green projects across different sectors (rather than requesting funding for one-off, short-term projects), the LNZA project will make it easier to secure private/ public investment in a long-term, sustainable way.

The deliverables for this contract are divided into two distinct phases and will culminate in a full options appraisal framework and set of recommendation(s) to the WMCA for establishing the optimal arrangement for attracting investment into the region's Net Zero projects. Phase 1 will entail undertaking an options appraisal of possible investment mechanisms for channelling funding into regional Net Zero projects and developing a shortlist of options which will then be taken forward for development. Phase 2 will involve creating detailed designs for every element of each shortlisted option, and then completing a full options appraisal, deciding which option to recommend, and preparing a decision-ready paper for the WMCA Governance body to consider.

Award information

Awarded date

26 June 2025

Contract start date

29 July 2025

Contract end date

27 March 2026

Total value of contract

£847,765

This contract was awarded to 1 supplier.

Ove Arup & Partners Ltd

Address

8 Fitzroy Street, London, W1T 4BJ

Reference

Companies House number: 01312453

Value of contract

£847,765

Supplier is SME?

No

Supplier is VCSE?

No

Additional details

WMCA completed a competitive tender exercise via Cambridgeshire and Peterborough Combined Authority's DPS for the delivery of LNZA Programme services (DPS Category- Financial Advisory, Lot- Capital Structures).

About the buyer

Contact name

Bhupinder Chadha

Address

16 SUMMER LANE
BIRMINGHAM
B193SD
England

Telephone

0121 214 7302

Email

bhupinder.chadha@wmca.org.uk