Award

Specialist consultancy to assist with establishment of new ERDF-supported VC Fund of Funds

NORTH EAST ACCESS TO FINANCE LIMITED

This public procurement record has 2 releases in its history.

Award

17 Jun 2019 at 11:05

Award Notice
Tender

18 Nov 2016 at 20:15

Tender Notice
Summary of the contracting process

The tender titled "Specialist consultancy to assist with establishment of new ERDF-supported VC Fund of Funds" by NORTH EAST ACCESS TO FINANCE LIMITED is aimed at securing expert financial consultancy services for the establishment of a venture capital holding fund in the North East region of the United Kingdom. The tender was published on 2nd September 2016, with a deadline for submissions on 16th September 2016. The successful contract award of GBP 60,000 was made on 22nd September 2016, with the contract period lasting from 26th September 2016 until 31st March 2017. This consultancy is deemed suitable for small and medium enterprises (SMEs) within the services sector, particularly those with prior experience in financial consultancy and stakeholder engagement in the region.

This procurement process presents significant opportunities for SMEs with expertise in financial consultancy, particularly those experienced in venture capital fund formation and management. Companies with knowledge of public funding, complex financial modelling, and stakeholder engagement would be particularly well-suited for this contract, allowing them to leverage their skills within a publicly-backed initiative. The requirement for dedicated engagement and a minimum time commitment of two days per week highlights the potential for ongoing collaboration, further enhancing business growth prospects for successful bidders in the financial services sector.

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Notice Information

Notice Title

Specialist consultancy to assist with establishment of new ERDF-supported VC Fund of Funds

Notice Description

To secure expert advice and support to finalise the establishment of a new, publicly-backed venture capital holding fund in the North East LEP area, in succession to Finance for Business North East. Active engagement is required from an advisor with detailed knowledge and prior experience of such funds and, ideally, good knowledge of the relevant stakeholders in North East England. The consultant will work closely with the Project Delivery Team to support the later stages of fund manager procurement; complex financial modelling; creation of investment policy documentation; engagement with stakeholders on all aspects of project development and delivery; senior level presentations; negotiations with the European Investment Bank and other funders; creating governance structures and coordination of recruitment activities. Additional information: Please read the attached Invitation to Tender for full details of the contract requirements and basis of engagement. The contract is for an immediate start in September 2016. The precise time commitment may be subject to change, but as an indicative guide the minimum is expected to be 2 days per week from September 2016 until the end of March 2017.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1f2ca36b-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/14ea552f-0bb9-49a0-8186-de6ddd119b89
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not applicable
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£80,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jun 20196 years ago
Submission Deadline
16 Sep 2016Expired
Future Notice Date
Not specified
Award Date
21 Sep 20169 years ago
Contract Period
2 Oct 2016 - 31 May 2017 6-12 months
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
NORTH EAST ACCESS TO FINANCE LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GATESHEAD
Postcode
NE8 3DF
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

Supplier Information

Number of Suppliers
1
Supplier Name

SKILLCAST

Further Information

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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