Expired contract

Commission for Economic Expertise to Attract Private Finance to Nature Based Projects

Details

Supplier(s)
Terranomics Ltd
Value
£25,000
Duration
4 months
Topic
Agricultural, forestry, horticultural, aquacultural and apicultural services
Published
22 August 2023

Tender description

Cornwall Council has been awarded funding from DEFRA as part of the Local Investment in Natural Capital (LINC) programme to: \r \r Build the capacity, effective governance arrangements and capability of local leaders and partner organisations in the arena of private investment in natural capital markets. \r \r Develop local ecosystem markets and investment vehicles that support the generation of nature-related revenue flows \r \r Explore and demonstrate the potential for natural capital investment \r \r \r \r Our approach will build on the current status on a number of relevant projects such as Cornwall Council's NEIRF funded Habitat Bank Feasibility Study, other green finance initiatives in the southwest and LNP Investment Programme activities. \r \r We have identified that commencement of a number of the work packages will require access to specialist advice and expertise to ensure our direction of travel remains appropriate to our local context and will ultimately result in tools, mechanisms and processes that are fit for purpose and will add value to our county's efforts to catalyse private investment in the environment. \r \r Cornwall Council is seeking specialist advice and expertise to guide our approach to this project, specifically centred around a number of key work packages.

Timeline

  1. Completed: Award date28 July 2023
  2. Completed: Award published22 August 2023
    Current notice
  3. Completed: Contract expiry date17 November 2023

About the buyer

Cornwall Council is a local authority with a central Commercial Services team that handles procurement and contract management.

A commercial pipeline sets out anticipated outsourcing by directorate over the next three to five years.

Over the past 5 years, most of Cornwall Council's contract awards have been in health and social work, education and training and software and information systems.

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