PS23108 - LCSF Heat Decarbonisation Plans Research Project

Complete

Buyers

Value

£0

Classifications

  • Research and development services and related consultancy services

Tags

  • awardUpdate

Submission Deadline

2 years ago

Published

2 years ago

Description

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

This procurement is being concluded following a mini competition under the RM3824 Heat Networks and Electricity 
Generation Assets framework.

Brief Description of Requirement
One of the greatest challenges today in meeting the UK's 2050 Net Zero target is 
decarbonising the way buildings are heated. Most of the buildings in the public sector still 
rely on fossil fuel-based heating and as these heating systems approach the end of their 
working lives it is an ideal opportunity to transition to low carbon heating. 

DESNZ has two primary interlinked schemes designed to meet the challenge of 
decarbonising public sector buildings: the Public Sector Decarbonisation Scheme (PSDS) 
that provides grants for public sector bodies to fund heat decarbonisation and energy 
efficiency measures (Phase 3 of the PSDS is providing £1.425 billion of grant funding over 
the financial years 2022--2025); and, the Public Sector Low Carbon Skills Fund (LCSF) that 
provides grants for public sector bodies to put in place a heat decarbonisation plan, 
providing them with information and expertise they need to develop future applications to the 
Public Sector Decarbonisation Scheme.

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Literature review on the balance between publicly-listed and privately-held companies

The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality. The purpose of the FRC is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. The FRC is seeking a Literature review on the balance between publicly-listed and privately-held companies The number of UK publicly-listed companies (PLCs) has fallen over the past decade. At the same time more companies are choosing to remain unlisted and financing their growth through private capital . The UK has become Europe's largest private-equity hub, and its leading venture capital market , both of which are funding privately held (non-listed) companies (PHCs). As part of its ongoing market monitoring activities, the FRC is seeking research services to deliver a review of the leading expert literature to understand the scale, trajectory and international context of these changes. As well as potential implications which might arise. This will include peer-reviewed academic research, as well as studies carried out with suitable rigour by professional bodies, industry organisations, and think tanks (grey literature). The review should draw on literature from a range of relevant disciplines including, but not limited to: law, economics, political economy, business, public administration. It should be written to inform non-academic readers about the following: • The leading analyses of evidence on theses changes, including: o The scale, trajectory, and other relevant characteristics. o Views on what might happen next. o The international context from relevant jurisdiction(s). o The causes/drivers of the change and whether they are evolving over time, including evidence on how and why commercial entities choose between different potential sources of funding. • Whether the literature provides any information relevant to understanding any potential impact on: o Our regulation, in particular the effect of shifts in sources of capital when combined with the existing policy landscape and legislative definitions which drive audit and corporate reporting requirements. o Any additional, relevant policy implications for us to consider. The review should be focused on the UK but may also draw on literature that brings insights from other jurisdictions, where clearly relevant. The markets in-scope for this research will include: • London Stock Exchange (LSE) Main Market • LSE Alternative Investment Market (AIM) • Relevant markets of the Aquis exchange • UK private-equity, venture capital, and private-credit markets We may also include other UK debt and equity markets. This will be discussed with the successful research contractor once appointed. Suggested approach Methodology • Search strategy: databases (e.g. JSTOR, SSRN, Web of Science, Scopus), policy portals, news archives. • Literature: o Inclusion/exclusion criteria should include, but not be limited to: relevance to UK context, credibility/quality/reliability, publication date, citations (or equivalent). o Biases and perspectives to be identified, where present, but not by themselves to be critria for exclusion. • Analytical approach: thematic coding, comparative case analyses, cross-discipliniary comparison (gaps and/or contradictions), synthesis of findings. PLEASE REFER TO THE INVITATION TO TENDER FOR FULL DETAILS. IMPORTANT • Please register your interest by emailing the FRC's procurement team - [email protected] • The FRC will share all tender queries and answers with those that have registered. • Your tender submission must be submitted within the deadline by email to [email protected]

Katy Reed

Published 1 day ago

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