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

UK SHARED BUSINESS SERVICES LIMITED Published 17 Oct 2024 Contracts Finder
The value below is a framework or dynamic market ceiling: the maximum that could be spent across all call-offs, not the value of a single contract. Aggregate figures on this site exclude these to avoid double counting.

key details

Value£250,000
Statuscomplete
Category (CPV) 79400000
Deadline10 Sept 2024
Contract start23 Sept 2024
Contract end23 Dec 2024
Procedureselective
SME suitableYes
OCIDocds-b5fd17-b79b0921-6c3e-4f9f-925d-a89d4b4f8e0f

Award

SupplierValueDateStatus
PRICEWATERHOUSECOOPERS £165,000 14 Oct 2024 active

description

*** 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.

Additional information: *** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***

notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
17 Oct 2024 Award (award) · fccacee7-eab3-44f4-8916-78a6d522059c-794870
8 Jan 2025 Award update (awardUpdate) · fccacee7-eab3-44f4-8916-78a6d522059c-815078

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