PS26098 - Provision of external legal advice for the Account Management and High Potential Businesses workstreams

***Please note that this is an award notice and not a call for competition***

This procurement is being concluded following a mini competition under the RM6240 Public Sector Legal Services - Lot 1a - Full Service provision

Brief Description of Requirement

Innovate UK currently funds businesses primarily on a project-based model through open competitions aligned to the government grant standards. This model includes both awarding grants through subsidy schemes and utilising government procurement approaches. Our emerging strategic ambitions are seeking adapted or new routes that will offer more flexible, and potentially longer-term relationships with curated cohorts of businesses. Under the proposed new approach, Innovate UK would like to explore routes to identify these cohorts - for example businesses that meet agreed definitions of "high growth" or "high potential" through an EOI process. These businesses could then engage under newly developed terms and conditions tailored to an 'account managed' model.