Below are elements to the programme that WMCA requires consultancy support on from a financial, investor and legal perspective: 1, Building the prospectus We understand the need to bring scale forward to fully realise the opportunity for investment in the natural environment.

The WMCA area provides the opportunity for building a project pipeline at scale, but there are also challenges to achieving this in a dense urban area.

The consultant will therefore need to support an innovative approach to the development of a project pipeline to reflect the unique size, pressure and nature of our baseline natural capital i.e. we can't just plant trees and deliver BNG.

There has been some initial work to pull together some of this, but we would like the focus of the prospectus to do this in a more systematic way and so that it is attractive to investors.

2,Building the Fund The aim of this work will enable us to understand the necessary conditions we need to have in place to give investors confidence in the region's ability to develop and deliver natural capital projects and coordinate through a Fund; we will do this by building an investor panel as a point of contact throughout the project - this should be drawn from expertise already in the sector and through the contacts of the consultants and stakeholders supporting the project.

3, Communications and dissemination work For more information please refer to the PIN Notice https://www.find-tender.service.gov.uk/Notice/014280-2023