Tender

6 Cross Street , Eye Mid Suffolk Operator

BABERGH DISTRICT COUNCIL

This public procurement record has 3 releases in its history.

TenderAmendment

11 Jul 2023 at 07:38

TenderAmendment

11 Jul 2023 at 07:35

Tender

11 Jul 2023 at 07:35

Summary of the contracting process

The Babergh District Council has initiated a tender process for the development of an innovation space and incubator facility in Eye, aimed at supporting startups to grow and collaborate. The project addresses the identified supply shortfall for incubator space in Mid Suffolk, offering opportunities for businesses in the real estate development and related consultancy services industry. The tender, currently in an open procedure stage, has a deadline for submissions on July 14, 2023, and a contract period running from August 31, 2023, to August 30, 2033, creating prospects for growth and collaboration within the local business community.

This procurement opportunity by Babergh District Council seeks to provide a platform for startups to thrive and succeed through an innovative space in Eye. Small and medium-sized enterprises (SMEs) focused on development services of real estate, property management, and research consultancy are well-suited to compete for this contract. The location in the town centre offers access to better services and amenities, fostering a vibrant business community that can collaborate and share knowledge. Interested businesses are encouraged to visit the Suffolk Sourcing website to access all necessary tender documentation and participate in this promising opportunity.

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Notice Title

6 Cross Street , Eye Mid Suffolk Operator

Notice Description

In October 2019 Babergh and Mid Suffolk District Councils commissioned Menta to carry out a Grow on Space Supply and Demand Analysis - 318MEN Grow on Spaces Study V2.01 midsuffolk.gov.uk, which was subsequently updated to reflect the impact of the Covid 19 pandemic in August 2021. Following in depth consultation with local businesses and property agents, this study highlighted the need for incubation and start up space that is in or on the town outskirts where there are better services and amenities. There is currently a lack of co-working and hot desk space in the Eye area which would present little competition if a new space were created. The Council is seeking to develop an innovation space and incubator facility in Eye which can provide a supportive environment to enable starts ups to grow, flourish and collaborate. In the report, Mid Suffolk has an identified supply shortfall for incubator space of up to 1,500 sq. ft. New build investment costs for incubator space are high and, because of high churn, the security of rental income means commercial investment is seen as high risk by commercial developers. This has led to a lack of investment in the delivery of incubator spaces across the district. It has been identified that other districts which have invested in incubator space have seen the reward of growth and higher success rates of start-up businesses. The location of this building in town, in the heart of the town centre will enable businesses to benefit from better services and amenities. In addition, the creation of a new business community which gives the opportunity to collaborate, network, and share experiences and knowledge can be a key contributor to the vibrancy of the town centre. This investment underpins the organisation's vision and mission which is to provide strong, proud, and inspirational leadership, and that we will strive for excellence, and together build great communities for everyone to live, work, visit and invest in. Additional information: to view the tender and supporting documentation please visit the below website where you will be able to register and download all required documentation. http://www.suffolksourcing.uk/ Please be aware we will not accept late tender submissions, or tenders submitted to us other than via the e-tendering portal. We thankyou for your time and interest in this current opportunity. Is a Recurrent Procurement Type? : No

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3b5d4a61-7f61-4390-9044-34488752557d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6b2ecba5-119a-473f-8cb2-d06e90d57a83
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
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

73 - Research and development services and related consultancy services

98 - Other community, social and personal services


CPV Codes

70110000 - Development services of real estate

70330000 - Property management services of real estate on a fee or contract basis

73000000 - Research and development services and related consultancy services

98300000 - Miscellaneous services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Jul 20232 years ago
Submission Deadline
14 Jul 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2023 - 30 Aug 2033 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BABERGH DISTRICT COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SUFFOLK
Postcode
IP1 2BX
Post Town
Ipswich
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH6 Suffolk
Small Region (ITL 3)
TLH62 Ipswich
Delivery Location
Not specified

Local Authority
Ipswich
Electoral Ward
Gipping
Westminster Constituency
Ipswich

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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