Review of Market-Equivalent Discount Rate methodology for Innovate UK Loans Ltd

UK Shared Business Services (UK SBS)
Invited to quote
20 October 2026 to 31 December 2026

Review of the methodology applied to calculate market-equivalent discount rates, ensuring compliance with accounting standards. Recommendations address NAO feedback and consider market practice and peer reporters. Report delivered ahead of IUKL Board and Audit Committee deadlines, with recommendations supporting the methodology for reporting periods under assessment.

Open the official notice

Awarded value: £30k; As published
Published: 20 October 2026
Awarded: 20 October 2026; PwC
Contract length: 2 months; Ends 31 December 2026

What the contract covers

Direct award

Review and advisory services on market-equivalent discount rate methodology for loan accounting and reporting compliance.

Review of the methodology applied, ensuring compliance with accounting standards and recommendations to both address feedback from the NAO as well considering market practice and peer reporters
Report provided in good time for review and challenge in advance of IUKL Board and Audit Committee deadlines

Terms and requirements

Contract type: Direct award
Procedure: Invited to quote
Contract dates: 20 October 2026 to 31 December 2026
Certifications asked for: None stated
Suitable for SMEs: Yes
Category: Services
CPV codes: 73000000

Services in this contract

Technical accounting and financial reporting supportMain service£77k typicalReview of discount rate methodology against accounting standards

Lifecycle

Published
20 October 2026
Contract awardedto PwC
20 October 2026
Contract starts
20 October 2026
Contract ends
31 December 2026

The buyer

UK Shared Business Services (UK SBS)

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The supplier

PwC

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Cite this contract

Link: https://bidskim.com/tender/3891885/review-of-market-equivalent-discount-rate-methodology-for-innovate-uk-loans-ltd
Buyer reference: PS26254
Open contracting ID: ocds-b5fd17-0fb790b1-d42a-47bd-b0a0-adfd6faf2e8b
Last checked: 5 November 2026

UK Shared Business Services (UK SBS). Review of Market-Equivalent Discount Rate methodology for Innovate UK Loans Ltd. Contract award, 20 October 2026. BidSkim, https://bidskim.com/tender/3891885/review-of-market-equivalent-discount-rate-methodology-for-innovate-uk-loans-ltd (accessed 5 November 2026).