Who won: Award of Review of the Business Finance Landscape in Wales

A services contract from Development Bank of Wales. Below: what it involves and how to write a winning bid for it.

Buyer

Development Bank of Wales

Published

21 October 2026

About this contract

The Development Bank of Wales has completed an open procedure for the appointment of an appropriately qualified economic consultancy or research provider to undertake an independent review of the business finance landscape in Wales. The contract covers an initial Phase 1 review to assess how effectively current public, private and alternative finance provision meets the present and anticipated future needs of businesses in Wales. It includes mapping the existing finance landscape, assessing supply and demand, identifying finance gaps, market frictions, affordability constraints and potential market failures, undertaking targeted stakeholder engagement, and producing independent, evidence-led and decision-ready findings and recommendations. The contract also includes options for additional thematic research or related services, subject to the outcomes of Phase 1, budget availability, internal approvals and future commissioning decisions. These optional services are not guaranteed. Following evaluation of the tenders received, the Development Bank of Wales intends to enter into the contract with Grant Thornton UK Advisory & Tax LL. The contract has an initial term of 12 months, with

Who won contracts like this

✓Answer against the marking scheme, not the question text — Development Bank of Wales scores each response, so map your evidence to the published criteria and weightings.
✓Lead with evidenced capability and social value — for services work these usually outweigh price.
✓Show recent, comparable delivery: name similar services contracts you've delivered for public bodies, with measurable outcomes.
✓This one's been awarded — but Development Bank of Wales retenders on a cycle. Get matched the day the next one lands and start your draft early.

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