Review of value of partnering with the GFI’s Transition Finance Lab

Location

London

Description

HMG’s Financial Services and Growth Strategy specifically flagged that DESNZ would work proactively with the Green Finance Institute and others to “explore innovative financial structures for the Clean Energy Mission.” DESNZ, we see a genuine potential to add value by partnering with the GFI on their TF Lab, but need more examples of the value it can add and be able to develop a narrative and governance structure.

Total Quantity or Scope

Work is needed to both scope out the exact nature of a Partnership ( DESNZ and Green Finance Institute) and develop a consensus across government, including HMT and key Public Finance Institutions, of the value of developing and funding such an initiative.

Award Detail

Award Criteria

CPV Codes

• 66171000 - Financial consultancy services

Indicators

• Award on basis of price.

Legal Justification

The contract value of £70,000 is below the applicable procurement thresholds, so no prior publication in OJEU/Find a Tender was required. A direct award is lawful because the Green Finance Institute is the only organisation with the established Transition Finance Lab and the exclusive expertise necessary to deliver the work, meaning no reasonable alternative supplier exists.