Award

Agreement for the Cornwall and Isle of Scilly Investment Fund (CIOSIF) Fund

BRITISH BUSINESS FINANCIAL SERVICES LIMITED

This public procurement record has 1 release in its history.

Award

30 Jul 2018 at 05:59

Summary of the contracting process

The British Business Financial Services Limited has conducted a procurement process titled "Agreement for the Cornwall and Isle of Scilly Investment Fund (CIOSIF) Fund" aimed at establishing a fund manager for the Cornwall and Isles of Scilly region. This procurement falls under the financial and insurance services category and was completed with an open procedure. The tender period ended on 30 April 2018, and the resulting contract, valued at £10,000,000, commenced on 30 June 2018 and will run until 30 June 2028, with delivery addresses located in the South West region of the United Kingdom.

This tender presents significant opportunities for businesses, particularly those in the financial services sector, to expand their operations in public procurement. Small and medium-sized enterprises (SMEs) are specifically encouraged to engage in this procurement process, as the specifications are designed to accommodate their capabilities. Businesses that can provide combined debt and equity solutions within the allocated fund value range of £40,000,000 to £80,000,000 would be highly competitive candidates for future similar contracts.

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Notice Title

Agreement for the Cornwall and Isle of Scilly Investment Fund (CIOSIF) Fund

Notice Description

The British Business Bank is conducting this procurement to establish an agreement for a fund manager for the Cornwall and Isles of Scilly region for: A combined debt and equity fund; value range of: 40 000 000 GBP to 80 000 000 GBP

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0a971744-906f-4592-9b6a-e17e4e625342
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/febc3899-3c7e-4b91-b6e7-924b4e6271c8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£10,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£10,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
30 Jul 20187 years ago
Submission Deadline
30 Apr 2018Expired
Future Notice Date
Not specified
Award Date
29 Apr 20187 years ago
Contract Period
29 Jun 2018 - 30 Jun 2028 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS FINANCIAL SERVICES LIMITED
Contact Name
Not specified
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
+442039051462

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLK South West (England)

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

FSE FUND MANAGERS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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