Tender

GGIF Management

WEST OF ENGLAND COMBINED AUTHORITY

This public procurement record has 4 releases in its history.

Tender

05 Dec 2024 at 10:46

Tender Notice
Tender

02 Dec 2024 at 17:47

Tender Notice
Tender

02 Dec 2024 at 17:36

Tender Notice
Tender

02 Dec 2024 at 16:28

Tender Notice
Summary of the contracting process

The West of England Combined Authority is seeking an appropriately qualified and experienced Alternative Investment Fund Manager (AIFM) to manage the Green Growth West Impact Fund (GGWIF). This procurement process falls under the financial and insurance services category (CPV Code 66000000). The tender is currently in the active stage, following an open procedure above the threshold. Key details include a tender value of £600,000, with a tender submission deadline on 6th January 2025, and the contract period running from 3rd March 2025 to 3rd December 2038. The contract aims to raise matching capital from significant external private and public investors, with an ambitious goal of achieving a 10x multiple of the Combined Authority's impact. Interested parties should register for document access and bid submission via the provided online platform.

This tender presents a substantial opportunity for businesses experienced in fund management, particularly those with a proven track record in managing impactful investment funds. Companies with the capability to offer competitive fees and fund structures, demonstrate strong market performance, and have an experienced management team would be well-suited for this opportunity. Participating in this procurement can enable growth for businesses through significant engagement with impactful environmental, social, and economic initiatives in the South West region of the United Kingdom. With the potential for long-term involvement in a large-scale green growth initiative, businesses can leverage this opportunity to bolster their presence and reputation in sustainable finance.

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Notice Information

Notice Title

GGIF Management

Notice Description

This MCA is seeking to procure an appropriately qualified and experienced AIFM to go to market and raise matching capital from significant external public and importantly, private investors, aiming at a 10x multiple of the Combined Authority's impact. Interested parties should register at https://weca-atamis.my.site.com/s/Welcome to view documents and submit bids.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-19769bb1-9053-4cd5-bc3b-ab1109c0d3bd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/273f59c1-1441-475f-a77d-4fbae44f3e93
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
5 Dec 20241 years ago
Submission Deadline
6 Jan 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
3 Mar 2025 - 3 Dec 2038 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WEST OF ENGLAND COMBINED AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 6EW
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)
Local Authority
Bristol, City of
Electoral Ward
Lawrence Hill
Westminster Constituency
Bristol East

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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