TfL 95798 Social Value Consultancy Support

TfL are intending to carry out a tender to appoint a single supplier to complete two projects related to Social Value as follows:

Project 1 - Affordable Workplace Strategy

As part of its wider social value strategy TfL wishes to trial the Affordable Workplace Strategy (AWS) at its property at Lockton Street in North Kensington. This will ultimately entail partnering with an organisation that can let out the property to organisations that are able to demonstrate a specific social, cultural, or economic development purpose at below market rent. This will provide opportunities to grow and retain local businesses and employment, attract new sectors, incubate start-ups, something that is vital to a healthy local economy.

To that end TfL are seeking a consultant to assist with helping better understand the property, the local borough's requirements, advise on how to structure the AWS and how to take it to market and then implementing the scheme along with a number of related activities.

Project 2 - Property Vehicle

TfL are also looking for the consultant to advise on the setting up of a property vehicle for TfL's social value assets in order to gain access to grant funding and tax breaks. This will require liaison with TFL finance, property and legal teams to understand TfL Commercial Development (CD) set up, its vision and its corporate structure. They will then need to review the market to be able to outline the social value vehicles other government based bodies use to manage their social value properties, produce a recommendation report on what CD need to consider and the likely benefits and risks in setting up a property vehicle. The report will outline sources of grant funding available plus other financial and operational implications CD should be aware of.

If you are interested in bidding for this opportunity please submit an expression of interest via our tendering portal (https://procontract.due-north.com/Opportunities/Index?tabName=opportunities&resetFilter=True) and you will be sent a link to download the tender once it has been issued (expected to be mid August).

Please note: TfL will carry out financial checks on bidders and reserve the right to exclude any companies that, in the sole determination of TfL, are unable to demonstrate sufficient financial strength to fulfil the requirements of this contract.

Please note that the deadline to submit an Expression of Interest for this opportunity is 5pm on 11th August 2021.