Notice Information
Notice Title
Warwickshire Recovery and Investment Fund: External Fund Advisory Services -Property & Infrastructure
Notice Description
The Warwickshire Recovery Investment Fund (WRIF) specifically addresses a gap that has been identified in the market for access to finance. The aim is to distribute PS140 million over the next five years, offering loans and other financial investments to existing and new businesses to help their long-term recovery and growth. The WRIF will comprise of three pillars of support: * Business Investment Growth - Debt finance to growing medium and larger businesses with sound prospects (likely to be in the region of PS90 million). * Local Communities and Enterprise - Smaller loans in order to support small businesses, including start-ups and social enterprises (likely to be in the region of PS10 million). * Property and Infrastructure - Investment in commercial sites and premises to encourage businesses to invest in Warwickshire and create jobs (likely to be in the region of PS40 million). This ITT relates to the requirement for the Property and Infrastructure Pillar. Warwickshire County Council ('the Council') is seeking an External Fund Advisor to manage the Property and Infrastructure Pillar. The Property & Infrastructure Pillar is intended as a flexible investment scheme that can be deployed by the Council to help developers purchase and/or for the development of new employment land or commercial space to support the growth of Warwickshire's economy. Its focus is on creating or enhancing new or existing development that will help provide the land and premises needed to drive the future growth of our economy and will therefore be linked to supporting growth in the Council's key priority sectors. The Fund Advisor will be responsible for the the promotion, marketing and day to day administration of the activities of the Fund. It will originate and compile investment opportunities against the agreed Investment Strategy. It will undertake the necessary due diligence prior to making recommendations that support WCC's approval process prior to each investment being made. It will then be responsible for the ongoing management of this investment. Additional information: Warwickshire County Council will be using its e-tendering system (In-Tend) for the administration of this procurement process and providers must register with the system to be able to express an interest. The web address is: www.csw-jets.co.uk Registration and use of In-Tend is free. Once registered, all correspondence for this procurement process must be via the in-tend correspondence function. However, if you are unable to register with the website please email us at procurement@warwickshire.gov.uk During the course of the contract period the range and scope of these services may be subject to modification and variation to meet the changing needs and requirements of the Council, potential changes in legislation and the changing demands placed on the Council by its customers.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-0c5cc161-d8c5-4f69-9be4-4b1175bf2da3
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/9ac87edb-0da0-4442-ae34-cff016915abf
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- Award Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure (above threshold)
- Tender Suitability
- SME, VCSE
- 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
- £2,000,000 £1M-£10M
- Lots Value
- Not specified
- Awards Value
- £1,660,000 £1M-£10M
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 23 Jun 20223 years ago
- Submission Deadline
- 25 Oct 2021Expired
- Future Notice Date
- Not specified
- Award Date
- 23 May 20223 years ago
- Contract Period
- 31 May 2022 - 31 May 2039 Over 5 years
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Not Specified
- Awards Status
- Active
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- WARWICKSHIRE COUNTY COUNCIL
- Contact Name
- Not specified
- Contact Email
- procurement@warwickshire.gov.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- WARWICK
- Postcode
- CV34 4RL
- Post Town
- Coventry
- Country
- England
-
- Major Region (ITL 1)
- TLG West Midlands (England)
- Basic Region (ITL 2)
- TLG1 Herefordshire, Worcestershire and Warwickshire
- Small Region (ITL 3)
- TLG13 Warwickshire CC
- Delivery Location
- TLG West Midlands (England)
-
- Local Authority
- Warwick
- Electoral Ward
- Warwick Saltisford
- Westminster Constituency
- Warwick and Leamington
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/9ac87edb-0da0-4442-ae34-cff016915abf
23rd June 2022 - Awarded contract notice on Contracts Finder -
https://www.contractsfinder.service.gov.uk/Notice/46a95a00-f99d-483e-a225-05627f878886
24th September 2021 - Opportunity notice on Contracts Finder
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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.
{
"tag": [
"compiled"
],
"id": "ocds-b5fd17-0c5cc161-d8c5-4f69-9be4-4b1175bf2da3-2022-06-23T17:48:04+01:00",
"date": "2022-06-23T17:48:04+01:00",
"ocid": "ocds-b5fd17-0c5cc161-d8c5-4f69-9be4-4b1175bf2da3",
"language": "en",
"initiationType": "tender",
"tender": {
"id": "WCC - 12408",
"title": "Warwickshire Recovery and Investment Fund: External Fund Advisory Services -Property & Infrastructure",
"description": "The Warwickshire Recovery Investment Fund (WRIF) specifically addresses a gap that has been identified in the market for access to finance. The aim is to distribute PS140 million over the next five years, offering loans and other financial investments to existing and new businesses to help their long-term recovery and growth. The WRIF will comprise of three pillars of support: * Business Investment Growth - Debt finance to growing medium and larger businesses with sound prospects (likely to be in the region of PS90 million). * Local Communities and Enterprise - Smaller loans in order to support small businesses, including start-ups and social enterprises (likely to be in the region of PS10 million). * Property and Infrastructure - Investment in commercial sites and premises to encourage businesses to invest in Warwickshire and create jobs (likely to be in the region of PS40 million). This ITT relates to the requirement for the Property and Infrastructure Pillar. Warwickshire County Council ('the Council') is seeking an External Fund Advisor to manage the Property and Infrastructure Pillar. The Property & Infrastructure Pillar is intended as a flexible investment scheme that can be deployed by the Council to help developers purchase and/or for the development of new employment land or commercial space to support the growth of Warwickshire's economy. Its focus is on creating or enhancing new or existing development that will help provide the land and premises needed to drive the future growth of our economy and will therefore be linked to supporting growth in the Council's key priority sectors. The Fund Advisor will be responsible for the the promotion, marketing and day to day administration of the activities of the Fund. It will originate and compile investment opportunities against the agreed Investment Strategy. It will undertake the necessary due diligence prior to making recommendations that support WCC's approval process prior to each investment being made. It will then be responsible for the ongoing management of this investment. Additional information: Warwickshire County Council will be using its e-tendering system (In-Tend) for the administration of this procurement process and providers must register with the system to be able to express an interest. The web address is: www.csw-jets.co.uk Registration and use of In-Tend is free. Once registered, all correspondence for this procurement process must be via the in-tend correspondence function. However, if you are unable to register with the website please email us at procurement@warwickshire.gov.uk During the course of the contract period the range and scope of these services may be subject to modification and variation to meet the changing needs and requirements of the Council, potential changes in legislation and the changing demands placed on the Council by its customers.",
"datePublished": "2021-09-24T18:55:23+01:00",
"status": "complete",
"classification": {
"scheme": "CPV",
"id": "66000000",
"description": "Financial and insurance services"
},
"items": [
{
"id": "1",
"deliveryAddresses": [
{
"region": "West Midlands",
"countryName": "United Kingdom"
},
{
"region": "West Midlands",
"countryName": "United Kingdom"
}
]
}
],
"minValue": {
"amount": 500000,
"currency": "GBP"
},
"value": {
"amount": 2000000,
"currency": "GBP"
},
"procurementMethod": "open",
"procurementMethodDetails": "Open procedure (above threshold)",
"tenderPeriod": {
"endDate": "2021-10-25T13:00:00+01:00"
},
"contractPeriod": {
"startDate": "2021-12-09T00:00:00Z",
"endDate": "2038-12-08T23:59:59Z"
},
"suitability": {
"sme": true,
"vcse": true
},
"mainProcurementCategory": "services",
"documents": [
{
"id": "1",
"documentType": "tenderNotice",
"description": "Opportunity notice on Contracts Finder",
"url": "https://www.contractsfinder.service.gov.uk/Notice/46a95a00-f99d-483e-a225-05627f878886",
"datePublished": "2021-09-24T18:55:23+01:00",
"format": "text/html",
"language": "en"
}
]
},
"parties": [
{
"id": "GB-LAE-WAR",
"name": "Warwickshire County Council",
"identifier": {
"legalName": "Warwickshire County Council",
"scheme": "GB-LAE",
"id": "WAR"
},
"address": {
"streetAddress": "Shire Hall,Market Square",
"locality": "WARWICK",
"postalCode": "CV344RL",
"countryName": "England"
},
"contactPoint": {
"email": "procurement@warwickshire.gov.uk"
},
"roles": [
"buyer"
]
},
{
"id": "GB-CFS-210781",
"name": "CBRE Indirect Investment Services Ltd",
"identifier": {
"legalName": "CBRE Indirect Investment Services Ltd"
},
"address": {
"streetAddress": "St Martins Court 10 Paternoster Row London EC4M7HP"
},
"details": {
"scale": "large",
"vcse": false
},
"roles": [
"supplier"
]
}
],
"buyer": {
"id": "GB-LAE-WAR",
"name": "Warwickshire County Council"
},
"awards": [
{
"id": "ocds-b5fd17-0c5cc161-d8c5-4f69-9be4-4b1175bf2da3-1",
"status": "active",
"date": "2022-05-24T00:00:00+01:00",
"datePublished": "2022-06-23T17:48:04+01:00",
"value": {
"amount": 1660000,
"currency": "GBP"
},
"suppliers": [
{
"id": "GB-CFS-210781",
"name": "CBRE Indirect Investment Services Ltd"
}
],
"contractPeriod": {
"startDate": "2022-06-01T00:00:00+01:00",
"endDate": "2039-05-31T23:59:59Z"
},
"documents": [
{
"id": "1",
"documentType": "awardNotice",
"description": "Awarded contract notice on Contracts Finder",
"url": "https://www.contractsfinder.service.gov.uk/Notice/9ac87edb-0da0-4442-ae34-cff016915abf",
"datePublished": "2022-06-23T17:48:04+01:00",
"format": "text/html",
"language": "en"
}
]
}
]
}