Tender

Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017

SME WHOLESALE FINANCE (LONDON) LIMITED

This public procurement record has 1 release in its history.

Tender

03 Apr 2017 at 16:45

Tender Notice
Summary of the contracting process

The procurement process for the appointment of co-investors for the London Co-Investment Fund (LCIF) is currently being managed by SME Wholesale Finance (London) Limited. This tender, titled "Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017," targets the financial and insurance services industry and is set in London, United Kingdom. The open procurement method is being used, and interested parties have until the tender period closes on 3rd May 2017 to submit their proposals. The selected co-investment partners will engage in agreements over an investment period of 18 months, commencing on 3rd July 2017 and running until 31st December 2018.

This tender presents a significant opportunity for businesses focused on investment and finance, particularly those that can contribute to the development of high-growth early-stage Science, Digital, and Technology sectors in London. The LCIF aims to invest £23 million and expects to generate approximately 2,653 jobs through these investments, making it an appealing avenue for venture capitalists, investment firms, and other financial entities interested in fostering innovation and growth within this vibrant market.

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Notice Information

Notice Title

Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017

Notice Description

Funding London is the trading name of SME Wholesale Finance (London) Limited. Funding London are seeking to competitively select between three to five additional organisations to become co-investment partners with the LCIF. The selected partners will enter into co-investment agreements with the LCIF with an investment period of 18 months. The aims of the LCIF are as follows:- To invest 23m GBP into high-growth early stage Science, Digital and Technology businesses in London during a three year period;- To achieve a target across the fund of 2.9 GBP of private sector investment for every 1 GBP invested by LCIF;- To generate approx. 2,653 jobs as a result of the investments being made; and- To maximise returns from exits to enable further investment in later years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-35ee70bc-284f-41f3-9667-1fa56e8ce6bd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7ca366fe-ed63-4505-afda-9cbc3c799cdc
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
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Apr 20178 years ago
Submission Deadline
3 May 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Jul 2017 - 31 Dec 2018 1-2 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
SME WHOLESALE FINANCE (LONDON) 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
LONDON
Postcode
SE1 9PD
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI London
Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

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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