RFP QuestBeta
Awarded · ResultStage · contract

UK SHARED BUSINESS SERVICES LIMITED

Financial Advisory Services- Assessing a Potential Investment in a Launch Company UKSAC24_0080

Business ServicesCPV 79400000
Value£248k
Awarded10 Sept 2024
Published17 Oct 2024
RegionLondon
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£248ktotal contract value
median £66k
this tender£0£1.6m

This is a large award for Business Services — above three-quarters of comparable contracts. Based on 57,319 valued Business Services tenders in our corpus.

The brief

*** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION *** This procurement is being concluded following a mini competition under the CCS Management Consultancy Framework RM6187 Lot 4 Brief Description of Requirement Introduction The UK Space Agency inspires and leads the UK in space to benefit our planet and its people.

It is an executive agency, sponsored by the Department for Science, Innovation and Technology.

It plays a major role in delivering the government's National Space Strategy and supports a thriving space sector in the UK, which generates an annual income of £17.5 billion and employs 48,800 people across the country.

Staff include scientists, engineers, commercial experts, project managers and policy officials who help to: • catalyse investment to support projects that drive investment and generate contracts for the UK space sector. • deliver missions and capabilities that meet public needs and advance our understanding of the Universe. • champion the power of space to inspire people, offer greener, smarter solutions, and support a sustainable future.

To achieve the greatest impact in these three areas, the UK Space Agency focus's most of its resource behind eight delivery Priorities.

These are: • Launch: supporting satellite launch services from UK spaceports. • Sustainability: taking a leading role in keeping space safe and accessible now and in the future. • Discovery: supporting space science and exploration missions. • Innovation: investing in bold new technologies. • Levelling-up: boosting space investment and jobs across the country. • Earth observation: studying our planet to drive discovery and tackle climate change. • Low-Earth orbit: delivering vital everyday satellite services.

Inspiration: inspiring new space customers, investors and the next generation.

Aims & Objectives • To inform UKSA, DSIT (and wider Government) understanding of Orbex's financial health including long term viability, business and investment plans, risks to successful completion. • To clarify the funding need and validate that all levers including third party financing options, will be, or have been exhausted and addressed prior to evaluation HMG intervention options. • To advise on the suitability of funding mechanisms and subsidy control compliance • Evaluation of the potential impacts of an HMG investment (inc. alongside other private investors) to secure Orbex the funding it needs to secure operational readiness of Sutherland Spaceport, and first launch of Orbex's Prime launch vehicle.

Key requirements

What the supplier must deliver

01

Catalyse investment to support projects that drive

catalyse investment to support projects that drive investment and generate contracts for the UK space sector.

02

Deliver missions and capabilities that meet public

deliver missions and capabilities that meet public needs and advance our understanding of the Universe.

03

Champion the power of space to inspire

champion the power of space to inspire people, offer greener, smarter solutions, and support a sustainable future.

04

Evaluation of the potential impacts of

Evaluation of the potential impacts of an HMG investment (inc. alongside other private investors) to secure Orbex the funding it needs to secure operational readiness of Sutherland Spaceport, and first launch of Orbex's Prime launch vehicle.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
fccacee7-eab3-44f4-8916-78a6d522059c
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
PS24201
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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