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Published 20 Jul 2026, 10:42 BST

Official UK procurement notice

UPN-00618 - Future Places Fund

Official notice

Authority: West of England Combined Authority (Local council)

ServicesOpen procedureAbove thresholdSME suitable
Sectors: Financial and insurance services (66)Real estate services (70) Delivery: UKSouth West (UKK)
Published estimate£1,000,000≈ £333k / year · £1,200,000 inc. VAT
Submissions closed 15 Sept 2026
Next notice expected 30 Jul 2026
Contract term 3 yrsends 10 Nov 2029 · up to 10 Nov 2031 with extensions · starts 11 Nov 2026

What is being bought

Published requirement description

The West of England Mayoral Combined Authority (WECA) has established the Future Places Fund, a targeted place-based investment fund designed to accelerate sustainable economic growth, unlock housing and regeneration opportunities, and support resilient communities across the West of England.

WECA is seeking to appoint a suitably qualified and experienced investment adviser to provide strategic and technical investment advisory services in relation to the Fund. The appointed provider will be responsible for advising on investment opportunities, providing recommendations on appropriate funding structures and instruments, supporting investment appraisal and due diligence processes, and overseeing elements of the investment governance and decision-making process.

The contract will be awarded to the successful supplier, in accordance with the procurement documents and the requirements set out in the specification.

CPV: Financial consultancy services · Real estate services

The lotProcurement structure

single lot · value published
Lot #1Renewal 3 yrsSMEPublished value£1,000,000
Contract period: 11 Nov 2026 – 10 Nov 2029 (3 yrs) · up to 10 Nov 2031 with extensionsValue: £1,000,000 exc. VAT · £1,200,000 inc. VAT
Delivery: UK, South WestEligibility: SME eligible
Extensions: 1 year plus 1 year · 1 year plus 1 year
66171000 Financial consultancy services70000000 Real estate services

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
Quality: 80%Price: 20%
Published sub-criteria (3)
  • Technical (Quality): 70%
  • Social Value (Quality): 10%
  • Commercial (Price): 20%
Published award criteria (3)
  • Commercial (Price): 20% Weighting
  • Technical (Quality): 70% Weighting
  • Social Value (Quality): 10% Weighting
What this means for your bid
  • Price carries 20 of 100 points: a 10% discount moves about 2 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Closed
Procurement threshold
Above threshold (FTS publication)
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
Unspecified in notice
First published
20 Jul 2026, 10:42 BST
Last source update
20 Aug 2026, 14:13 BST
Award evaluation window
Submission end – 26 Oct 2026
Authority reference
UPN-00618
FTS notice number
2026/S 000-079485
Latest notice
Tender notice (UK4)
Classification (CPV)
Financial consultancy servicesReal estate services
Delivery area
UKSouth West (UKK)
Official registry OCID
ocds-h6vhtk-06ce8c Find a Tender

How it was run

Official notice
Run through: Atamis Health Family Portal · Who buys & how to bid on Atamis
Electronic submission allowedLanguage: EN
Submission deadline
15 Sept 2026, 12:00 BST
Clarification deadline
3 Sept 2026, 12:00 BST
Submission channel
Official e-sourcing portal
Electronic submission
Allowed
Accepted languages
en
Detailed submission instructions & authority contactsFrom official release

Please ensure you register interest on the Atamis sourcing portal to enable you to access the Tender Documents and submit your tender. Any clarification questions should also be submitted through the Atamis portal.

To register your interest in this opportunity, please access the below link:

weca-atamis.my.site.com/s/Welcome ↗

For further support please refer to:

suppliersupport.atamis.co.uk/hc/en-gb/articles/46… ↗

Timeline

20 Jul 2026 → 11 Nov 2026 · 8 dates
  1. Planning notice published99 days ago
    20 Jul 2026, 10:42 BST
  2. Market engagement96 days ago
    22 Jul 2026, 23:59 BST

    Engagement process description

    The West of England Mayoral Combined Authority intends to host a market engagement event in advance of an upcoming procurement competition for the Future Places Fund procurement.

    The event will be held online via Microsoft Teams on Thursday 23rd July 2026 from 11:00 - 11:45.

    In order to register your interest for this event, please register your interest through the Atamis sourcing portal:

    weca-atamis.my.site.com/s/Welcome ↗

    Once you have registered interest for this opportunity, a link to the Market Engagement Event will be sent to your registered supplier email address.

    If you do not currently have an Atamis supplier account, you will need to register to be able to access this opportunity. Details can be found below:

    suppliersupport.atamis.co.uk/hc/en-gb/articles/46… ↗

    The event is expected to be interactive with attendees encouraged to provide feedback and participate in Q&A

    SUPPLIERS WISHING TO ATTEND MUST EXPRESS THEIR INTEREST VIA ATAMIS NO LATER THAN 17:00 ON WEDNESDAY 22ND JULY 2026

    Due to capacity restrictions, attendance is limited to two representatives per organisation.

  3. Next notice expected88 days ago
    30 Jul 2026, 23:59 BST
  4. Tender notice published68 days ago
    20 Aug 2026, 14:13 BST
  5. Clarification questions by54 days ago
    3 Sept 2026, 12:00 BST
  6. Submission deadline42 days ago
    15 Sept 2026, 12:00 BST
  7. Award decision expected by22h ago
    26 Oct 2026, 23:59 GMT
  8. Today
    27 Oct 2026
  9. Contract startsin 14 days
    11 Nov 2026

Notice history

7 events · 4 releases on Find a Tender · since 20 Jul 2026
  1. Preliminary market engagement notice published
    20 Jul 2026, 10:42 BST
    UK2
  2. Preliminary market engagement notice published
    20 Jul 2026, 10:49 BST
    UK2
  3. Preliminary market engagement notice published
    20 Jul 2026, 10:53 BST
    UK2
  4. Tender notice published
    20 Aug 2026, 14:13 BST
    UK4
  5. Status changed to active
    20 Aug 2026, 14:13 BST
  6. Procurement method changed
    20 Aug 2026, 14:13 BST
  7. Deadline published: 15 Sept 2026, 12:00 BST
    20 Aug 2026, 14:13 BST
Published amendments (2)

Amendment to contract dates

Update to engagement event time

Routine re-releases (4)
  • 2026-07: 1 release · 20 Jul 2026

Contracting authority & participating public bodies

The West of England Combined Authority

Contracting authorityPublic authority - sub-central government GB-PPON: PGWR-9284-XMRY 70 Redcliff Street, Bristol, South West, BS1 6ALContact email

Official documents & specifications (4)

Official links; attachments are not copied

Notices published for this procedure