{ "uri": "https://www.find-tender.service.gov.uk/api/1.0/ocdsRecordPackages/ocds-h6vhtk-06e3be", "publisher": { "name": "Cabinet Office", "scheme": "GB-GOR", "uid": "D2", "uri": "https://www.gov.uk/government/organisations/cabinet-office" }, "publishedDate": "2026-10-21T10:03:58+01:00", "license": "http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/", "publicationPolicy": "https://www.gov.uk/government/publications/open-contracting", "version": "1.1", "extensions": [ "https://standard.open-contracting.org/profiles/eu/latest/en/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_amendment_rationale_classifications_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_budget_breakdown_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_contract_completion_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_documentation_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_pagination_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_suitability_extension/master/extension.json", "https://raw.githubusercontent.com/portaledcahn/ocds_Links_extension/main/extension.json", "https://raw.githubusercontent.com/cabinetoffice/ocds_uk_extension/main/extension.json" ], "packages": [ "https://www.find-tender.service.gov.uk/api/1.0/ocdsRecordPackages/ocds-h6vhtk-06e3be" ], "records": [ { "ocid": "ocds-h6vhtk-06e3be", "releases": [ { "ocid": "ocds-h6vhtk-06e3be", "buyerID": [], "id": "077312-2026", "tag": [ "planning" ], "date": "2026-08-13T14:56:42+01:00", "initiationType": "tender", "parties": [ { "name": "Development Bank of Wales", "id": "GB-PPON-PCWM-6438-QYVP", "identifier": { "scheme": "GB-PPON", "id": "PCWM-6438-QYVP" }, "address": { "streetAddress": "Development Bank of Wales plc", "locality": "Cardiff", "postalCode": "CF10 4BZ", "country": "GB", "countryName": "United Kingdom", "region": "UKL22" }, "contactPoint": { "name": "Leanne Millard", "email": "leanne.millard@developmentbank.wales", "telephone": "+442920801715" }, "roles": [ "buyer" ], "details": { "url": "http://www.developmentbank.wales", "classifications": [ { "scheme": "UK_CA_TYPE", "id": "publicAuthorityCentralGovernment", "description": "Public authority - central government" }, { "scheme": "UK_CA_DEVOLVED_REGULATIONS", "id": "GB-WLS", "description": "Welsh devolved regulations apply" } ] } } ], "buyer": { "id": "GB-PPON-PCWM-6438-QYVP", "name": "Development Bank of Wales" }, "planning": { "milestones": [ { "id": "engagement", "type": "engagement", "description": "Interested suppliers should register on the relevant procurement portal following publication of this notice and ensure their supplier profile and contact details are up to date. The procurement will be conducted as an Open Procedure in accordance with the Procurement Act 2023, with all procurement documents issued through eTenderWales.\nAs part of the engagement process, EIW is seeking to increase market awareness and provide suppliers with an opportunity to understand the requirement, anticipated contract scope, procurement timetable and submission requirements. Any clarification questions should be submitted through the portal to ensure equal treatment and transparency. Responses will be shared with all interested suppliers where appropriate.\nSuppliers are encouraged to review all published documentation and monitor the portal for updates, clarifications and any supplementary information issued during the engagement period. The engagement period will close on 20 August 2026 (estimated), after which the tender opportunity will proceed in accordance with the published procurement documents.", "dueDate": "2026-08-31T23:59:59+01:00", "status": "scheduled" } ], "documents": [ { "id": "077312-2026", "documentType": "marketEngagementNotice", "noticeType": "UK2", "description": "Preliminary market engagement notice on Find a Tender", "url": "https://www.find-tender.service.gov.uk/Notice/077312-2026", "datePublished": "2026-08-13T14:56:42+01:00", "format": "text/html" } ] }, "tender": { "id": "DBW00226.00", "legalBasis": { "id": "2023/54", "scheme": "UKPGA", "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents" }, "title": "Pre-market engagement: Review of the business finance landscape in Wales", "description": "Notice type: Pre-market engagement / soft market testing notice. This is not a call for competition or formal invitation to tender. It is intended to raise awareness, test supplier interest and capability, and encourage registration on the relevant procurement portal ahead of any future tender.\nContracting organisation: Development Bank of Wales\nCommissioning body / project sponsor: Economic Intelligence Wales, the independent research arm of the Development Bank of Wales.\n1. Overview of the requirement\nThe Development Bank of Wales will act as the contracting authority for this procurement and will enter into any resulting contract with the successful supplier. Economic Intelligence Wales, the independent research arm of the Development Bank of Wales, is the project sponsor and commissioning body for the requirement and will be responsible for shaping the research scope, providing subject matter input and supporting contract delivery.\nEconomic Intelligence Wales expects to procure an economic consultancy or suitably qualified research provider to review the business finance landscape in Wales. The review will assess how well current public, private and alternative finance provision meets Welsh businesses’ current and future needs, and identify key gaps, frictions, affordability constraints, risks and opportunities.\nThe work will provide the Development Bank of Wales, Welsh Government and wider stakeholders with an independent, evidence-led view of the Welsh business finance market. Outputs should be practical, policy-relevant and suitable for senior audiences.\n2. Purpose of the pre-market engagement\n• raise awareness of the forthcoming opportunity;\n• assess supplier interest, capability and capacity;\n• encourage suitable suppliers to register on the relevant procurement portal.\n3. Anticipated programme structure\nThe initial commission is expected to focus on Phase 1: a review of the Welsh business finance landscape, including market mapping, supply and demand analysis, gap assessment, public finance context, outlook, evidence gaps and headline policy and delivery implications.\nPotential later work may include thematic deep dives on venture, innovation and scale-up finance; ownership transition and succession finance; commercial property, premises and development finance; infrastructure, project finance and capital structuring; and final synthesis. These work packages are not guaranteed and would depend on Phase 1 findings, priorities, budget and commissioning decisions.\n4. Expected supplier skills and expertise\n• strong economic, policy and market research expertise, with experience of business finance, SME finance or regional economic development;\n• understanding of the Welsh economy, policy context and business base;\n• ability to map and assess public, private and alternative finance provision, including gaps, constraints and market failures;\n• experience of data analysis, evidence assessment and targeted stakeholder engagement; and\n• ability to produce independent, credible and decision-ready outputs for senior policy, delivery and stakeholder audiences.\nEstimated Contract Value\nThe value included within this notice represents the Development Bank of Wales' current estimate of the potential maximum value of any future contract, including any optional services, extensions and additional phases of work. The initial contract for Phase 1 is not expected to utilise the full estimated value stated in this notice. Any subsequent phases, additional work packages or contract extensions would be subject to future requirements, budget availability, internal approvals and governance processes.\nThis estimate is provided for information purposes only and should not be regarded as a commitment to spend, a guaranteed contract value or a guarantee that any additional phases of work will be commissioned. The final scope, duration and value of any resulting contract may change following market engagement and the completion of the procurement process.", "items": [ { "id": "1", "additionalClassifications": [ { "scheme": "CPV", "id": "73000000", "description": "Research and development services and related consultancy services" }, { "scheme": "CPV", "id": "79400000", "description": "Business and management consultancy and related services" }, { "scheme": "CPV", "id": "75210000", "description": "Foreign affairs and other services" } ], "deliveryAddresses": [ { "region": "UK", "country": "GB", "countryName": "United Kingdom" } ], "relatedLot": "1" } ], "value": { "amountGross": 150000, "amount": 125000, "currency": "GBP" }, "mainProcurementCategory": "services", "aboveThreshold": true, "lots": [ { "id": "1", "suitability": { "sme": true }, "contractPeriod": { "startDate": "2026-10-26T00:00:00+00:00", "endDate": "2027-10-25T23:59:59+01:00", "maxExtentDate": "2030-10-25T23:59:59+01:00" }, "hasRenewal": true, "description": null, "status": "planning" } ], "communication": { "futureNoticeDate": "2026-09-03T23:59:59+01:00" }, "status": "planning" }, "language": "en", "extensions": [ "https://standard.open-contracting.org/profiles/eu/latest/en/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_amendment_rationale_classifications_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_budget_breakdown_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_contract_completion_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_documentation_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_pagination_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_performance_failures_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_suitability_extension/master/extension.json", "https://raw.githubusercontent.com/portaledcahn/ocds_Links_extension/main/extension.json", "https://raw.githubusercontent.com/cabinetoffice/ocds_uk_extension/main/extension.json" ] }, { "id": "083605-2026", "tag": [ "tender" ], "date": "2026-09-03T16:10:20+01:00", "initiationType": "tender", "ocid": "ocds-h6vhtk-06e3be", "parties": [ { "name": "Development Bank of Wales", "id": "GB-PPON-PCWM-6438-QYVP", "identifier": { "scheme": "GB-PPON", "id": "PCWM-6438-QYVP" }, "address": { "streetAddress": "Development Bank of Wales plc", "locality": "Cardiff", "postalCode": "CF10 4BZ", "country": "GB", "countryName": "United Kingdom", "region": "UKL22" }, "contactPoint": { "name": "Leanne Millard", "email": "leanne.millard@developmentbank.wales", "telephone": "+442920801715" }, "roles": [ "buyer" ], "details": { "url": "http://www.developmentbank.wales", "classifications": [ { "scheme": "UK_CA_TYPE", "id": "publicAuthorityCentralGovernment", "description": "Public authority - central government" }, { "scheme": "UK_CA_DEVOLVED_REGULATIONS", "id": "GB-WLS", "description": "Welsh devolved regulations apply" } ] } } ], "buyer": { "id": "GB-PPON-PCWM-6438-QYVP", "name": "Development Bank of Wales" }, "tender": { "id": "DBW00226.00", "legalBasis": { "id": "2023/54", "scheme": "UKPGA", "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents" }, "title": "Review of the Business Finance Landscape in Wales", "description": "The Development Bank of Wales is seeking to appoint an appropriately qualified economic consultancy or research provider to undertake an independent review of the business finance landscape in Wales.\nThe Development Bank of Wales will act as the contracting authority and will enter into the contract with the successful supplier. Economic Intelligence Wales, the independent research arm of the Development Bank of Wales, is the project sponsor and commissioning body for the requirement. Economic Intelligence Wales will be responsible for shaping the research scope, providing subject matter input and supporting the delivery of the contract.\nThe review will assess how effectively current public, private and alternative finance provision meets the present and anticipated future needs of businesses in Wales. It will identify key gaps, frictions, affordability constraints, market failures, risks and opportunities within the Welsh business finance market.\nThe work is expected to provide the Development Bank of Wales, Welsh Government and wider stakeholders with an independent, robust and evidence-led assessment of the Welsh business finance landscape. The successful supplier will be required to produce practical, policy-relevant and decision-ready outputs suitable for senior policy, delivery and stakeholder audiences.\nCore requirement\nThe initial commission will focus on Phase 1, which is expected to include:\nmapping the current business finance landscape in Wales;\nassessing the supply of, and demand for, business finance;\nreviewing the role and availability of public, private and alternative finance;\nidentifying finance gaps, market frictions, affordability constraints and potential market failures;\nexamining the public finance and policy context;\nassessing current and emerging trends affecting the future demand for and supply of finance;\nidentifying evidence and data gaps;\nundertaking proportionate and targeted stakeholder engagement;\nsetting out headline policy and delivery implications; and\nproducing clear, credible and decision-ready findings and recommendations.\nThe detailed requirements, deliverables, milestones and reporting arrangements are set out in the procurement documents.\nOptional services\nSubject to the outcomes of Phase 1, budget availability, internal approvals and future commissioning decisions, the Development Bank of Wales may require additional thematic research or related services.\nPotential additional work packages may include:\nventure, innovation and scale-up finance;\nownership transition and succession finance;\ncommercial property, premises and development finance;\ninfrastructure, project finance and capital structuring;\nadditional data collection or stakeholder engagement;\nfocused updates or refreshes to the Phase 1 evidence base; and\nfinal synthesis, policy analysis and reporting.\nThese additional work packages are not guaranteed. The Development Bank of Wales gives no commitment regarding the volume, value or timing of optional services that may be commissioned.", "status": "active", "items": [ { "id": "1", "additionalClassifications": [ { "scheme": "CPV", "id": "73000000", "description": "Research and development services and related consultancy services" }, { "scheme": "CPV", "id": "79400000", "description": "Business and management consultancy and related services" }, { "scheme": "CPV", "id": "75210000", "description": "Foreign affairs and other services" } ], "deliveryAddresses": [ { "region": "UK", "country": "GB", "countryName": "United Kingdom" } ], "relatedLot": "1" } ], "value": { "amountGross": 150000, "amount": 125000, "currency": "GBP" }, "procurementMethod": "open", "procurementMethodDetails": "Open procedure", "mainProcurementCategory": "services", "aboveThreshold": true, "submissionMethodDetails": "https://etenderwales.ukp.app.jaggaer.com/home.html", "submissionTerms": { "electronicSubmissionPolicy": "allowed", "languages": [ "en" ] }, "tenderPeriod": { "endDate": "2026-09-28T12:00:00+01:00" }, "enquiryPeriod": { "endDate": "2026-09-21T12:00:00+01:00" }, "awardPeriod": { "endDate": "2026-10-12T23:59:59+01:00" }, "lots": [ { "id": "1", "status": "active", "value": { "amountGross": 150000, "amount": 125000, "currency": "GBP" }, "awardCriteria": { "criteria": [ { "type": "quality", "name": "Understanding of the brief", "description": "Understanding of the requirement and Welsh business finance context", "numbers": [ { "number": 10, "weight": "percentageExact" } ] }, { "type": "quality", "name": "Proposed methodology and research approach", "description": "Proposed methodology and research framework", "numbers": [ { "number": 25, "weight": "percentageExact" } ] }, { "type": "quality", "name": "Programme management, deliverability and governance", "description": "delivery plan for Phase 1", "numbers": [ { "number": 15, "weight": "percentageExact" } ] }, { "type": "quality", "name": "Experience of similar projects and team capability", "description": "demonstrate your experience in economic and policy-facing research, finance market analysis, SME finance, development finance or regional economic development. ", "numbers": [ { "number": 20, "weight": "percentageExact" } ] }, { "type": "quality", "name": "Quality assurance and output quality", "description": "quality assurance process for this commission, including peer review, data validation and review of assumptions. ", "numbers": [ { "number": 10, "weight": "percentageExact" } ] }, { "type": "quality", "name": "Social value and sustainability", "description": "describe how your organisation will deliver proportionate social value through this contract. ", "numbers": [ { "number": 5, "weight": "percentageExact" } ] }, { "type": "price", "name": "Pricing schedule", "numbers": [ { "number": 15, "weight": "percentageExact" } ] } ] }, "selectionCriteria": { "criteria": [ { "type": "economic", "description": "Suppliers must demonstrate that they have the legal and financial capacity and the technical ability necessary to perform the contract.\nThe conditions of participation are set out in full in the procurement documents." }, { "type": "technical", "description": "Suppliers must demonstrate:\nrelevant experience of economic, policy and market research;\nexperience relating to business finance, SME finance, access to finance, regional economic development or comparable subject areas;\nthe ability to map and assess public, private and alternative finance provision;\nexperience of identifying market gaps, constraints, frictions and market failures;\nstrong quantitative and qualitative analytical capability;\nexperience of evidence assessment, data analysis and targeted stakeholder engagement;\nan understanding of the Welsh economy, policy environment and business base, or the ability to obtain and apply this understanding;\nthe ability to produce independent, credible and decision-ready research outputs;\nappropriate research governance and quality assurance arrangements; and\nsufficient suitably qualified personnel and capacity to deliver the contract within the required timetable." } ] }, "suitability": { "sme": true }, "contractPeriod": { "startDate": "2026-10-26T00:00:00+00:00", "endDate": "2027-10-25T23:59:59+01:00", "maxExtentDate": "2030-10-25T23:59:59+01:00" }, "hasRenewal": true, "renewal": { "description": "3 years in 12 month increments" }, "hasOptions": true, "options": { "description": "Subject to the outcomes of Phase 1, budget availability, internal approvals and future commissioning decisions, the Development Bank of Wales may require additional thematic research or related services.\nPotential additional work packages may include:\nventure, innovation and scale-up finance;\nownership transition and succession finance;\ncommercial property, premises and development finance;\ninfrastructure, project finance and capital structuring;\nadditional data collection or stakeholder engagement;\nfocused updates or refreshes to the Phase 1 evidence base; and\nfinal synthesis, policy analysis and reporting.\nThese additional work packages are not guaranteed. The Development Bank of Wales gives no commitment regarding the volume, value or timing of optional services that may be commissioned." }, "description": null } ], "documents": [ { "id": "L-1", "documentType": "biddingDocuments", "description": "Invitation to tender", "url": "https://etenderwales.ukp.app.jaggaer.com/home.html" }, { "id": "L-2", "documentType": "technicalSpecifications", "description": "Please review tender documentation", "url": "https://etenderwales.ukp.app.jaggaer.com/home.html" }, { "id": "conflictOfInterest", "documentType": "conflictOfInterest", "description": "Not published" }, { "id": "083605-2026", "documentType": "tenderNotice", "noticeType": "UK4", "description": "Tender notice on Find a Tender", "url": "https://www.find-tender.service.gov.uk/Notice/083605-2026", "datePublished": "2026-09-03T16:10:20+01:00", "format": "text/html" } ], "contractTerms": { "financialTerms": "DBW currently operates a standard payment term of 30 days following receipt of an accurate invoice. All invoices are required to include the unique identifier DBW00226.00. Failure to provide this number within the invoice may result in the invoice being rejected and payments being delayed." }, "riskDetails": "The following risks may jeopardise the satisfactory performance of the contract and should be considered by tenderers when preparing their tender responses. These risks may also be relevant to any future contract management decisions or lawful contract modifications, where permitted under the Procurement Act 2023 and the procurement documents. The risks include: incomplete, unavailable or inconsistent evidence or data; changes in Welsh Government policy priorities or related public finance work; stakeholder availability or engagement challenges, including Welsh-medium engagement requirements; delays to agreed milestones, draft outputs or final reporting; scope refinement following Phase 1 findings; the need to confirm, refine, defer, omit or commission further thematic deep-dive work after the Phase 1 review point; publication, confidentiality or commercially sensitive information issues; analytical independence or conflict of interest concerns; information security, data protection or AI-related risks; key personnel or specialist capability changes; affordability, budget or value-for-money constraints; and any other risk that could affect delivery quality, timetable, outputs, governance, stakeholder confidence or the usefulness of the review. Phase 1 only is confirmed at award.\nFurther thematic work may be confirmed, refined, deferred or omitted after the Phase 1 review point.\nPotential future outputs may include:\nventure, innovation and scale-up finance;\ninfrastructure, project finance and capital structuring;\nownership transition and succession finance;\ncommercial property, premises and development finance; and\nfinal synthesis work.\nAny later work will depend on evidence, priorities, budget, capacity, policy context and governance approval.\nData quality, stakeholder access, Welsh-medium engagement, confidentiality/publication and AI assurance are all potential delivery risks." }, "language": "en", "extensions": [ "https://standard.open-contracting.org/profiles/eu/latest/en/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_amendment_rationale_classifications_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_budget_breakdown_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_contract_completion_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_documentation_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_pagination_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_performance_failures_extension/master/extension.json", "https://raw.githubusercontent.com/open-contracting-extensions/ocds_suitability_extension/master/extension.json", "https://raw.githubusercontent.com/portaledcahn/ocds_Links_extension/main/extension.json", "https://raw.githubusercontent.com/cabinetoffice/ocds_uk_extension/main/extension.json" ] }, { "id": "099293-2026", "tag": [ "award", "contract" ], "date": "2026-10-21T10:03:57+01:00", "initiationType": "tender", "ocid": "ocds-h6vhtk-06e3be", "parties": [ { "name": "Development Bank of Wales", "id": "GB-PPON-PCWM-6438-QYVP", "identifier": { "scheme": "GB-PPON", "id": "PCWM-6438-QYVP" }, "address": { "streetAddress": "Development Bank of Wales plc", "locality": "Cardiff", "postalCode": "CF10 4BZ", "country": "GB", "countryName": "United Kingdom", "region": "UKL22" }, "contactPoint": { "name": "Leanne Millard", "email": "leanne.millard@developmentbank.wales", "telephone": "+442920801715" }, "roles": [ "buyer" ], "details": { "url": "http://www.developmentbank.wales", "classifications": [ { "scheme": "UK_CA_TYPE", "id": "publicAuthorityCentralGovernment", "description": "Public authority - central government" }, { "scheme": "UK_CA_DEVOLVED_REGULATIONS", "id": "GB-WLS", "description": "Welsh devolved regulations apply" } ] } }, { "name": "Grant Thornton UK Advisory & Tax LLP", "id": "GB-PPON-PPLQ-5161-PCVN", "identifier": { "scheme": "GB-PPON", "id": "PPLQ-5161-PCVN" }, "address": { "streetAddress": "8 Finsbury Circus", "locality": "London", "postalCode": "EC2M 7EA", "country": "GB", "countryName": "United Kingdom", "region": "UKI31" }, "contactPoint": { "email": "publicsector.bids@uk.gt.com" }, "roles": [ "supplier" ], "details": { "scale": "large", "vcse": false } } ], "buyer": { "id": "GB-PPON-PCWM-6438-QYVP", "name": "Development Bank of Wales" }, "tender": { "id": "DBW00226.00", "legalBasis": { "id": "2023/54", "scheme": "UKPGA", "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents" }, "title": "Award of Review of the Business Finance Landscape in Wales", "description": "The Development Bank of Wales has completed an open procedure for the appointment of an appropriately qualified economic consultancy or research provider to undertake an independent review of the business finance landscape in Wales.\nThe contract covers an initial Phase 1 review to assess how effectively current public, private and alternative finance provision meets the present and anticipated future needs of businesses in Wales. It includes mapping the existing finance landscape, assessing supply and demand, identifying finance gaps, market frictions, affordability constraints and potential market failures, undertaking targeted stakeholder engagement, and producing independent, evidence-led and decision-ready findings and recommendations.\nThe contract also includes options for additional thematic research or related services, subject to the outcomes of Phase 1, budget availability, internal approvals and future commissioning decisions. These optional services are not guaranteed.\nFollowing evaluation of the tenders received, the Development Bank of Wales intends to enter into the contract with Grant Thornton UK Advisory & Tax LL. The contract has an initial term of 12 months, with options to extend by up to three further 12-month periods\nThe value stated in this notice reflects the awarded Phase 1 requirement only. As detailed in the tender documentation and UK4 Tender Notice, additional phases may be commissioned subject to the availability of Welsh Government funding and may increase the total contract value.", "status": "complete", "procurementMethod": "open", "procurementMethodDetails": "Open procedure", "lots": [ { "id": "1", "status": "complete" } ] }, "bids": { "statistics": [ { "id": "1", "measure": "bids", "value": 9, "relatedLot": "1" }, { "id": "2", "measure": "finalStageBids", "value": 9, "relatedLot": "1" }, { "id": "3", "measure": "smeFinalStageBids", "value": 2, "relatedLot": "1" }, { "id": "4", "measure": "vcseFinalStageBids", "value": 0, "relatedLot": "1" } ] }, "awards": [ { "id": "1", "title": "Review of the Business Finance Landscape in Wales", "status": "active", "date": "2026-10-19T00:00:00+01:00", "value": { "amountGross": 150000, "amount": 125000, "currency": "GBP" }, "mainProcurementCategory": "services", "aboveThreshold": false, "suppliers": [ { "id": "GB-PPON-PPLQ-5161-PCVN", "name": "Grant Thornton UK Advisory & Tax LLP" } ], "items": [ { "id": "1", "additionalClassifications": [ { "scheme": "CPV", "id": "73000000", "description": "Research and development services and related consultancy services" }, { "scheme": "CPV", "id": "79400000", "description": "Business and management consultancy and related services" }, { "scheme": "CPV", "id": "75210000", "description": "Foreign affairs and other services" } ], "deliveryAddresses": [ { "region": "UK", "country": "GB", "countryName": "United Kingdom" } ], "relatedLot": "1" } ], "contractPeriod": { "startDate": "2026-10-26T00:00:00+00:00", "endDate": "2027-10-25T23:59:59+01:00", "maxExtentDate": "2030-10-25T23:59:59+01:00" }, "hasRenewal": true, "renewal": { "description": "3 years in 12 month increments" }, "hasOptions": true, "options": { "description": "Subject to the outcomes of Phase 1, budget availability, internal approvals and future commissioning decisions, the Development Bank of Wales may require additional thematic research or related services.\nPotential additional work packages may include:\nventure, innovation and scale-up finance;\nownership transition and succession finance;\ncommercial property, premises and development finance;\ninfrastructure, project finance and capital structuring;\nadditional data collection or stakeholder engagement;\nfocused updates or refreshes to the Phase 1 evidence base; and\nfinal synthesis, policy analysis and reporting.\nThese additional work packages are not guaranteed. 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The procurement will be conducted as an Open Procedure in accordance with the Procurement Act 2023, with all procurement documents issued through eTenderWales.\nAs part of the engagement process, EIW is seeking to increase market awareness and provide suppliers with an opportunity to understand the requirement, anticipated contract scope, procurement timetable and submission requirements. Any clarification questions should be submitted through the portal to ensure equal treatment and transparency. Responses will be shared with all interested suppliers where appropriate.\nSuppliers are encouraged to review all published documentation and monitor the portal for updates, clarifications and any supplementary information issued during the engagement period. The engagement period will close on 20 August 2026 (estimated), after which the tender opportunity will proceed in accordance with the published procurement documents." } ], "dueDate": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "2026-08-31T23:59:59+01:00" } ], "status": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "scheduled" } ] } ], "documents": [ { "id": "077312-2026", "documentType": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "marketEngagementNotice" } ], "noticeType": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "UK2" } ], "description": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "Preliminary market engagement notice on Find a Tender" } ], "url": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "https://www.find-tender.service.gov.uk/Notice/077312-2026" } ], "datePublished": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "2026-08-13T14:56:42+01:00" } ], "format": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "text/html" } ] } ] }, "tender": { "id": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "DBW00226.00" } ], "legalBasis": { "id": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "2023/54" } ], "scheme": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "UKPGA" } ], "uri": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "https://www.legislation.gov.uk/ukpga/2023/54/contents" } ] }, "title": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "Pre-market engagement: Review of the business finance landscape in Wales" }, { "releaseID": "083605-2026", "releaseDate": "2026-09-03T16:10:20+01:00", "releaseTag": [ "tender" ], "value": "Review of the Business Finance Landscape in Wales" }, { "releaseID": "099293-2026", "releaseDate": "2026-10-21T10:03:57+01:00", "releaseTag": [ "award", "contract" ], "value": "Award of Review of the Business Finance Landscape in Wales" } ], "description": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "Notice type: Pre-market engagement / soft market testing notice. This is not a call for competition or formal invitation to tender. It is intended to raise awareness, test supplier interest and capability, and encourage registration on the relevant procurement portal ahead of any future tender.\nContracting organisation: Development Bank of Wales\nCommissioning body / project sponsor: Economic Intelligence Wales, the independent research arm of the Development Bank of Wales.\n1. Overview of the requirement\nThe Development Bank of Wales will act as the contracting authority for this procurement and will enter into any resulting contract with the successful supplier. Economic Intelligence Wales, the independent research arm of the Development Bank of Wales, is the project sponsor and commissioning body for the requirement and will be responsible for shaping the research scope, providing subject matter input and supporting contract delivery.\nEconomic Intelligence Wales expects to procure an economic consultancy or suitably qualified research provider to review the business finance landscape in Wales. The review will assess how well current public, private and alternative finance provision meets Welsh businesses’ current and future needs, and identify key gaps, frictions, affordability constraints, risks and opportunities.\nThe work will provide the Development Bank of Wales, Welsh Government and wider stakeholders with an independent, evidence-led view of the Welsh business finance market. Outputs should be practical, policy-relevant and suitable for senior audiences.\n2. Purpose of the pre-market engagement\n• raise awareness of the forthcoming opportunity;\n• assess supplier interest, capability and capacity;\n• encourage suitable suppliers to register on the relevant procurement portal.\n3. Anticipated programme structure\nThe initial commission is expected to focus on Phase 1: a review of the Welsh business finance landscape, including market mapping, supply and demand analysis, gap assessment, public finance context, outlook, evidence gaps and headline policy and delivery implications.\nPotential later work may include thematic deep dives on venture, innovation and scale-up finance; ownership transition and succession finance; commercial property, premises and development finance; infrastructure, project finance and capital structuring; and final synthesis. These work packages are not guaranteed and would depend on Phase 1 findings, priorities, budget and commissioning decisions.\n4. Expected supplier skills and expertise\n• strong economic, policy and market research expertise, with experience of business finance, SME finance or regional economic development;\n• understanding of the Welsh economy, policy context and business base;\n• ability to map and assess public, private and alternative finance provision, including gaps, constraints and market failures;\n• experience of data analysis, evidence assessment and targeted stakeholder engagement; and\n• ability to produce independent, credible and decision-ready outputs for senior policy, delivery and stakeholder audiences.\nEstimated Contract Value\nThe value included within this notice represents the Development Bank of Wales' current estimate of the potential maximum value of any future contract, including any optional services, extensions and additional phases of work. The initial contract for Phase 1 is not expected to utilise the full estimated value stated in this notice. Any subsequent phases, additional work packages or contract extensions would be subject to future requirements, budget availability, internal approvals and governance processes.\nThis estimate is provided for information purposes only and should not be regarded as a commitment to spend, a guaranteed contract value or a guarantee that any additional phases of work will be commissioned. The final scope, duration and value of any resulting contract may change following market engagement and the completion of the procurement process." }, { "releaseID": "083605-2026", "releaseDate": "2026-09-03T16:10:20+01:00", "releaseTag": [ "tender" ], "value": "The Development Bank of Wales is seeking to appoint an appropriately qualified economic consultancy or research provider to undertake an independent review of the business finance landscape in Wales.\nThe Development Bank of Wales will act as the contracting authority and will enter into the contract with the successful supplier. Economic Intelligence Wales, the independent research arm of the Development Bank of Wales, is the project sponsor and commissioning body for the requirement. Economic Intelligence Wales will be responsible for shaping the research scope, providing subject matter input and supporting the delivery of the contract.\nThe review will assess how effectively current public, private and alternative finance provision meets the present and anticipated future needs of businesses in Wales. It will identify key gaps, frictions, affordability constraints, market failures, risks and opportunities within the Welsh business finance market.\nThe work is expected to provide the Development Bank of Wales, Welsh Government and wider stakeholders with an independent, robust and evidence-led assessment of the Welsh business finance landscape. The successful supplier will be required to produce practical, policy-relevant and decision-ready outputs suitable for senior policy, delivery and stakeholder audiences.\nCore requirement\nThe initial commission will focus on Phase 1, which is expected to include:\nmapping the current business finance landscape in Wales;\nassessing the supply of, and demand for, business finance;\nreviewing the role and availability of public, private and alternative finance;\nidentifying finance gaps, market frictions, affordability constraints and potential market failures;\nexamining the public finance and policy context;\nassessing current and emerging trends affecting the future demand for and supply of finance;\nidentifying evidence and data gaps;\nundertaking proportionate and targeted stakeholder engagement;\nsetting out headline policy and delivery implications; and\nproducing clear, credible and decision-ready findings and recommendations.\nThe detailed requirements, deliverables, milestones and reporting arrangements are set out in the procurement documents.\nOptional services\nSubject to the outcomes of Phase 1, budget availability, internal approvals and future commissioning decisions, the Development Bank of Wales may require additional thematic research or related services.\nPotential additional work packages may include:\nventure, innovation and scale-up finance;\nownership transition and succession finance;\ncommercial property, premises and development finance;\ninfrastructure, project finance and capital structuring;\nadditional data collection or stakeholder engagement;\nfocused updates or refreshes to the Phase 1 evidence base; and\nfinal synthesis, policy analysis and reporting.\nThese additional work packages are not guaranteed. The Development Bank of Wales gives no commitment regarding the volume, value or timing of optional services that may be commissioned." }, { "releaseID": "099293-2026", "releaseDate": "2026-10-21T10:03:57+01:00", "releaseTag": [ "award", "contract" ], "value": "The Development Bank of Wales has completed an open procedure for the appointment of an appropriately qualified economic consultancy or research provider to undertake an independent review of the business finance landscape in Wales.\nThe contract covers an initial Phase 1 review to assess how effectively current public, private and alternative finance provision meets the present and anticipated future needs of businesses in Wales. It includes mapping the existing finance landscape, assessing supply and demand, identifying finance gaps, market frictions, affordability constraints and potential market failures, undertaking targeted stakeholder engagement, and producing independent, evidence-led and decision-ready findings and recommendations.\nThe contract also includes options for additional thematic research or related services, subject to the outcomes of Phase 1, budget availability, internal approvals and future commissioning decisions. These optional services are not guaranteed.\nFollowing evaluation of the tenders received, the Development Bank of Wales intends to enter into the contract with Grant Thornton UK Advisory & Tax LL. The contract has an initial term of 12 months, with options to extend by up to three further 12-month periods\nThe value stated in this notice reflects the awarded Phase 1 requirement only. As detailed in the tender documentation and UK4 Tender Notice, additional phases may be commissioned subject to the availability of Welsh Government funding and may increase the total contract value." } ], "items": [ { "id": "1", "additionalClassifications": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": [ { "scheme": "CPV", "id": "73000000", "description": "Research and development services and related consultancy services" }, { "scheme": "CPV", "id": "79400000", "description": "Business and management consultancy and related services" }, { "scheme": "CPV", "id": "75210000", "description": "Foreign affairs and other services" } ] } ], "deliveryAddresses": [ { "region": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": "UK" } ], "country": [ { "releaseID": "077312-2026", "releaseDate": "2026-08-13T14:56:42+01:00", "releaseTag": [ "planning" ], "value": 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