C1345 - Climate Physical Risk Assessment Services

The National Wealth Fund (“NWF”), successor to the UK Infrastructure Bank, has been established to drive the nation's growth by creating a stable investment environment and mobilising private capital to align with the UK Government's strategic priorities. As NWF we will support a wider range of sectors beyond infrastructure, aligning with the Government's industrial strategy. NWF have a total capital of £27.8 billion, with at least £5.8 billion dedicated to green hydrogen, carbon capture, ports, gigafactories, and green steel. This aligns with the principle of achieving policy objectives via sound banking.

Our private sector function will provide corporate and project finance and invest across the capital structure, including senior debt, mezzanine, guarantees and equity. Our local authority function will lend to local authorities at a preferential rate for high value and strategic projects of at least £5 million.

NWF is undertaking a Request for Information (RFI) to engage with the market ahead of a potential future procurement for climate risk analysis services.

The purpose of this RFI is to improve NWF’s understanding of available solutions, tools, delivery models and indicative costs for climate scenario modelling and asset‑level physical risk assessment.

The scope of interest includes top‑down climate scenario analysis (covering transition and physical risks) and bottom‑up, location‑specific physical risk assessment methodologies, as well as how these approaches can be integrated to inform strategic planning, investment decision‑making and portfolio risk management. Responses will help NWF assess market capability, data availability, methodological transparency, and potential sourcing options (including single‑supplier, multi‑supplier or hybrid delivery models).

This RFI forms part of a pre‑market engagement exercise only. It does not constitute a commitment to procure, nor will responses be evaluated or scored. Participation (or non‑participation) will not affect any supplier’s position in any future procurement. This information will support NWF in understanding current market offerings, identifying innovative and efficient approaches, and informing development of a potential future procurement strategy. Interested suppliers should note that the procurement strategy and timetable have not been finalised at this stage. Any estimated contract dates and contract value published as part of this Notice are purely for publishing purposes. NWF takes a framework first approach. Depending on the outcomes of the RFI, the competition may be run through either a DPS or a CCS framework.

How to respond

Interested suppliers are invited to submit a written response addressing the questions set out in Schedule 2 of the RFI document.

Responses must be submitted via the eSourcing Portal (Atamis) by 12:00 noon on Monday 6 April 2026.

Clarification questions should be submitted by 12:00 noon on Friday 27 March 2026, with responses issued via a clarifications log.

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