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LAKE DISTRICT NATIONAL PARK has floated a tender for Financial Advice for Setting up a Cumbria-Wide Nature Special Purpose Vehicle. The project location is United Kingdom and the tender is closing on 28 Jun 2024. The tender notice number is DN726284, while the TOT Ref Number is 102018302. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : United Kingdom
Summary : Financial Advice for Setting up a Cumbria-Wide Nature Special Purpose Vehicle
Deadline : 28 Jun 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 102018302
Document Ref. No. : DN726284
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
Financial Advice For Setting Up A Cumbria-Wide Nature Special Purpose Vehicle
Lake District National Park Authority (LDNPA), in partnership with Westmorland and Furness Council (WFC), the Yorkshire Dales National Park, Cumberland Council (CC), and Cumbria Wildlife Trust (CWT) (“the partners”), seeks to appoint a financial advisor to assist them in the setup of a Cumbria wide Nature Special Purpose Vehicle (SPV).
The purpose of a Cumbria Nature SPV is to increase nature restoration and nutrient mitigation1 for the benefit of Natural Capital in Cumbria.
The scope of a Cumbria-wide Nature SPV would be to support the development of ecosystem service projects, and the creation and trading of ecosystem service outcomes as units or credits.
The Nature SPV would ultimately have the capacity to support a variety of different ecosystem service models, facilitating the stacking of different ecosystem service revenues from a given site or project. In the near term the Nature SPV would seek to prioritise Biodiversity Net Gain (BNG) and Nutrient Neutrality (NN) opportunities.
The Nature SPV-s primary geographical focus would be within, but not restricted to, a Cumbrian footprint. It would be jointly owned by the partners but would be managed on an arms-length basis; it would reflect our collective strategic ambitions and would operate within an agreed set of principles.
To meet the expectations of our funders, the Nature SPV should be re...
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