# Evaluation of RIIO-1 and RIIO-2 Innovation Funds

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Ofgem](/buyers/ofgem/contract-awards)
- Contract winner: [Jacobs UK Limited](/contract-winners/jacobs-uk/public-sector-contract-awards)
- Award value: £48,500
- Tender value: £48,500
- Award date: 29 December 2021
- Published: 9 February 2022
- Contract start: 4 January 2022
- Contract end: 1 April 2022
- Stage: awarded
- Procurement category: services
- Notice ID: bb7fcb50-e250-47b4-b7da-e408ecefe743-508815
- OCID: ocds-b5fd17-37e48bcf-4c55-4b0d-b2e8-de9cb8229ec0

## Description

The Office for Research and Economics is conducting an evaluation of the RIIO-1 and RIIO-2 Innovation Funds\. This requires a detailed look at how the Network Innovation Competition \(NIC\), the Network Innovation Allowance \(NIA\) and the Strategic Innovation Fund \(SIF\) have been working and whether they can be approved\. Support is required to review innovation projects and assess the technical feasibilities addressing issues identified in supporting the analysis of benefits assessments and unpack assumptions made\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/bb7fcb50-e250-47b4-b7da-e408ecefe743-508815)