Award

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

29 Jan 2020 at 14:10

Award Notice
Summary of the contracting process

The procurement process concerns a framework agreement for fund management led by the British Business Bank, located in Sheffield, UK. The title of the tender is "GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2," with the procurement classified under financial and insurance services, specifically focusing on corporate finance and venture capital services. The procurement reached completion status, with the contract awarded on 20th November 2019. The contract period spans from 22nd January 2020 to 22nd January 2030, involving a funding range between £120 million to £400 million across various funds.

This tender presents significant opportunities for businesses involved in financial services, especially those specializing in corporate finance, investment banking, and loan brokerage. Firms that have the capability to manage substantial debt funds and have experience working within multi-million-pound frameworks will find themselves well-suited to compete. As the contract is set for a long duration, it allows for strategic partnerships and ongoing projects, thus enabling business growth within the Midlands region and beyond.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2

Notice Description

Financial and insurance services. Banking and investment services and related services. Corporate finance and venture capital services. Loan brokerage services. Midlands Engine Investment Limited has conducted this procurement within the Midlands region to contract a fund manager for Lot 2 debt funds within the framework range value of PS120m to PS400m across a number of funds.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-18283330-9a98-4999-a9eb-ff329a33ddf5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b28dfb4c-ec8b-41ee-a14f-cae7538f17d3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

66120000 - Investment banking services and related services

66122000 - Corporate finance and venture capital services

66190000 - Loan brokerage services

Notice Value(s)

Tender Value
£42,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£42,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jan 20206 years ago
Submission Deadline
20 Nov 2019Expired
Future Notice Date
Not specified
Award Date
20 Nov 20196 years ago
Contract Period
22 Jan 2020 - 22 Jan 2030 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
BRITISH BUSINESS BANK
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

FSE MEIF

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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-b5fd17-18283330-9a98-4999-a9eb-ff329a33ddf5-2020-01-29T14:10:01Z",
    "date": "2020-01-29T14:10:01Z",
    "ocid": "ocds-b5fd17-18283330-9a98-4999-a9eb-ff329a33ddf5",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "BIP468378186",
        "title": "GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2",
        "description": "Financial and insurance services. Banking and investment services and related services. Corporate finance and venture capital services. Loan brokerage services. Midlands Engine Investment Limited has conducted this procurement within the Midlands region to contract a fund manager for Lot 2 debt funds within the framework range value of PS120m to PS400m across a number of funds.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66122000",
            "description": "Corporate finance and venture capital services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66000000",
                "description": "Financial and insurance services"
            },
            {
                "scheme": "CPV",
                "id": "66120000",
                "description": "Investment banking services and related services"
            },
            {
                "scheme": "CPV",
                "id": "66190000",
                "description": "Loan brokerage services"
            },
            {
                "scheme": "CPV",
                "id": "66100000",
                "description": "Banking and investment services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 42000000,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Not specified",
        "tenderPeriod": {
            "endDate": "2019-11-20T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2020-01-22T00:00:00Z",
            "endDate": "2030-01-22T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-79024",
            "name": "British Business Bank",
            "identifier": {
                "legalName": "British Business Bank"
            },
            "address": {
                "streetAddress": "Steel City House, West Street",
                "locality": "Sheffield",
                "postalCode": "S1 2GQ",
                "countryName": "UK"
            },
            "contactPoint": {
                "name": "Procurement",
                "email": "Procurement@british-business-bank.co.uk",
                "telephone": "02039051462"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-135763",
            "name": "FSE MEIF GP Ltd",
            "identifier": {
                "legalName": "FSE MEIF GP Ltd"
            },
            "address": {
                "streetAddress": "Riverside House 4 Meadows Business Park Station Approach Camberley GU17 9AB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-79024",
        "name": "British Business Bank"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-18283330-9a98-4999-a9eb-ff329a33ddf5-1",
            "status": "active",
            "date": "2019-11-20T00:00:00Z",
            "datePublished": "2020-01-29T14:10:01Z",
            "value": {
                "amount": 42000000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-135763",
                    "name": "FSE MEIF GP Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2020-01-22T00:00:00Z",
                "endDate": "2030-01-22T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/b28dfb4c-ec8b-41ee-a14f-cae7538f17d3",
                    "datePublished": "2020-01-29T14:10:01Z",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "tenderNotice",
                    "description": "Please follow this link to view the notice.",
                    "url": "https://www.delta-esourcing.com/delta/respondToList.html?noticeId=468378186"
                }
            ]
        }
    ]
}