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In deliveryUnited KingdomServices£125,000Add to pipeline

Award of Review of the Business Finance Landscape in Wales

Awarded to Grant Thornton UK Advisory & Tax LLP

Development Bank of Wales(buyer)

Published
Published 13 August 2026
Deadline
Closed 28 September 2026
See all 17 awarded contractsHow Skim finds tendersView original notice ↗

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Overview

The Development Bank of Wales is seeking an economic consultancy or research provider to conduct an independent review of the business finance landscape in Wales, assessing how effectively current public, private and alternative finance provision meets business needs and identifying gaps, market failures and opportunities. The initial Phase 1 commission includes mapping the finance landscape, analyzing supply and demand, reviewing public and alternative finance availability, identifying market frictions and constraints, examining policy context, and assessing emerging trends, with optional Phase 2 work potentially covering venture finance, succession planning, property finance, and infrastructure finance subject to budget and approvals.

Contracting authority

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Key details

Country
United Kingdom
Status
In delivery
Category
Services
Estimated value
£125,000
Procedure
Open procedure
Rules
Procurement Act 2023
SME suitable
Yes
Published
13 August 2026
Questions by
21 September 2026
Deadline
Closed
Classification (CPV)
Research and development services and related consultancy servicesForeign affairs and other servicesBusiness and management consultancy and related services

Award outcome

Awarded value
£125,000
Award date
18 October 2026
Contract period
26 October 2026 → 25 October 2027
Contract length
1 year
Could run to
25 October 2030
Bids received
9
Winner
  • Grant Thornton UK Advisory & Tax LLP

This contract ends on 25 October 2027, or 25 October 2030 if every extension is used.

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About the winner

Grant Thornton UK Advisory & Tax LLP

Based in
London
Public contracts won
53
Across UK and EU notices

No other contract from Development Bank of Wales under this supplier name in Skim's records.

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Competition and scoring

Bids received

9

2 from SMEs

Open and restricted tenders in Research and development services and related consultancy services drew a median of 4 bids over the last 24 months; 14% received only one.

How bids were scored

Price 15% · Quality 85%

  • Understanding of the brief10%
  • Proposed methodology and research approach25%
  • Programme management, deliverability and governance15%
  • Experience of similar projects and team capability20%
  • Quality assurance and output quality10%
  • Social value and sustainability5%
  • Pricing schedule15%

Price and cost criteria in black, quality in blue.

Market context

Typical award in Research and development services and related consultancy services

£75,332

Median of 4,525 awards in the last 24 months

This award is 66% above the median.

Development Bank of Wales in the last 12 months

15

contracts awarded, worth £4,725,916 in total

See their procurement profile →

Recent awards in Research and development services and related consultancy services

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Notice history

Every published notice in this contracting process, newest first.

  1. Contract

    21 October 2026

  2. Contract Notice

    3 September 2026

  3. Prior Information Notice

    13 August 2026

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