PS26147 - Directors Insurance for Innovate UK Loans Ltd 2026

Official notice

Procurement agent: UK Research and Innovation·On behalf of: UKSBS

Below threshold - without competition

Sectors: Financial and insurance services (66) Delivery: UK

Awarded value£17,136published contract · exc. VAT

Awarded 12 May 2026no call for competition

Awarded to Marsh Ltd

What is being bought

Published requirement description

***** THIS IS A CONTRACT DETAILS NOTICE, NOT A CALL FOR COMPETITION *****

This procurement is being concluded without competition due to an absence of competition for technical reasons, only a particular supplier can supply the goods, services or works required.

Brief Description of Requirement

UKRI has a contract with Marsh to obtain the best insurances and the best price for UKRI. This insurance has been placed and the premium changed is lower than last year, market reviews are regularly carried out by Marsh.

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: UK

66500000 Insurance and pension services

Procedure terms & legal framework

From the official record

Procedure method: Below threshold - without competition
Legal basis: UKPGA · 2023/54 Procurement Act 2023
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 20 May 2026, 12:41 BST
Last source update: 20 May 2026, 12:41 BST
Authority reference: PS26147
FTS notice number: 2026/S 000-046335
Latest notice: Contract details notice (UK7)
Delivery area: UK
Official registry OCID: ocds-h6vhtk-069d4f Find a Tender

Notice history

1 event · 1 release on Find a Tender

Contract details notice published
20 May 2026, 12:41 BST
UK7

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £17,1361 contract exc. VAT

Contracts signed 1latest 12 May 2026

Awarded to	Value	Date	Status
Marsh Ltd	£17,136 †	—	Awarded

Contracts

Contract 1 · Marsh Ltd
Signed
12 May 2026
Value
£17,136
Period
14 May 2026 – 31 May 2026
Status
active

Contracting authority & participating public bodies

3 public bodies on the notice

UK Research and Innovation

Procurement agentPublic authority - central government GB-PPON: PDQJ-7126-JDHG Polaris House, North Star Avenue, Swindon, South West, SN2 1FLContact email

Clients of the procurement agent

UKSBSBeneficiary authority
UK Shared Business Services LtdProcess contact pointProcuring entityShared Service ProviderGB-PPON: PMPN-7535-GNTG Swindon, South WestContact email

Bidders & participating suppliers

1 commercial party on the notice

Marsh LimitedAwarded supplierGB-COH: 01507274GB-PPON: PGGV-7645-JTDL 1 Tower Place West, London, London, EC3R 5BUContact email

Official documents & specifications (1)

Official links; attachments are not copied

Notices published for this procedure

Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender20 May 2026, 12:41 BST