Public procurement notice: Contract Award Notice
Published: 2019-10-15
Buyer: Department for International Trade
Country: UK
Contract type: Services
Procedure: Open procedure
CPV classification: 79400000 | 79900000
Estimated value: 50000000 GBP
Award criteria: The most economic tender

Technical requirements: The Department for International Trade is seeking a strategic partner to deliver the Government's ambitious Foreign Direct Investment (FDI) agenda.
The successful bidder will be central to DIT's investment services and a partner in shaping the future. This contract represents a significant opportunity to transform our FDI operations into being the most sophisticated investment promotion agency in the world in terms of targeting support where it adds greatest economic value to the UK. This will require innovation, entrepreneurial spirit and operational excellence.
The Department for International Trade is seeking a strategic partner to deliver the Government's ambitious Foreign Direct Investment (FDI) agenda.
The successful bidder will be central to DIT's investment services and a partner in shaping their future. This contract represents a once-in-a-decade opportunity to transform our Foreign Direct Investment (FDI) operations, enhancing DIT's position from one of the world's most respected investment promotion agencies to being the most sophisticated investment promotion agency in the world in terms of targeting support where it adds greatest economic value to the UK. This will require expertise, innovation, entrepreneurial spirit and operational excellence.
To achieve this, we will ask the successful bidder to conduct an operational review within the first 3 months of the contract and institute strategic forums to develop opportunities to drive innovation through DIT's investment services. Our partnership we will forge a mutually beneficial relationship that builds on each other's capabilities; this will be underpinned by the successful bidder's core operational capability for delivering the service, and fully draw upon their global network and expertise in international investment.
The successful bidder's responsibilities will range from gathering business intelligence and conducting market research to inform DIT priorities, to coordinating project teams delivering end-to-end support to individual investors, to managing key relationships with investors in a way that encourages growth of their activities within the UK. In this way we aim to work alongside the provider to deliver comprehensive, holistic support that Government is uniquely placed to provide.
Against the backdrop of a global landscape is ever more competitive it will be increasingly important for Governments' support for foreign investment to be efficient, relevant and value-adding for both investors and HMG. Given the critical role within our operations, business continuity will of course be important. Nevertheless, to fulfil Government's stretching ambitions for foreign investment we will need the supplier to be ambitious in their approach and able to act quickly as a result of findings from the operational review.


Winner: Ernst and Young
Award value: 50000000
Number of bids: 4