Planning

New Business Sustainability Funding Scheme

CORNWALL DEVELOPMENT COMPANY LTD

This public procurement record has 3 releases in its history.

Planning

26 Mar 2021 at 14:51

Market Engagement Notice
Planning

10 Mar 2021 at 09:58

Market Engagement Notice
Planning

22 Feb 2021 at 15:30

Market Engagement Notice
Summary of the contracting process

The New Business Sustainability Funding Scheme is currently in the planning stage, initiated by Cornwall Development Company Ltd, based in Redruth, England. This tender aims to facilitate the support of new business sustainability and employment in two specific areas: West Cornwall and Coast to Coast. The engagement end date is set for 5th April 2021, which marks an essential deadline for interested parties to contribute. Up to £110,000 can be allocated for projects in West Cornwall, while Coast to Coast can receive up to £100,000, underpinned by European Regional Development Fund (ERDF) financing.

This procurement offers substantial opportunities for businesses focused on consultancy, advisory, and mentoring services, particularly those providing support to new business owners. Companies that are Small and Medium Enterprises (SMEs) or Voluntary, Community, and Social Enterprises (VCSEs) would be ideally positioned to compete for the funding. The focus on fostering job creation and sustaining newly established enterprises presents a chance for relevant businesses to contribute to the economic recovery in the wake of the coronavirus pandemic, ensuring financial viability and strategic growth in the local community.

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Notice Information

Notice Title

New Business Sustainability Funding Scheme

Notice Description

Community Led Local Development (CLLD) is funded by the European Regional Development Fund (ERDF) and the European Social Fund (ESF). This opportunity will provide ERDF funding only. CLLD is looking for projects to support new business sustainability and employment in West Cornwall and Coast to Coast. In this context supporting business sustainability is defined as the provision of advice, consultancy, mentoring and/or coaching that enables businesses to plan, develop and secure short- and medium-term financial viability or a new business model from which to grow. We recognise the impact that the coronavirus pandemic has had on our community with many facing an uncertain or different future. We are also aware that some people have moved from employment into self-employment and created their own new businesses during the pandemic. We are looking to grant fund business support organisations who can provide assistance to new business owners in our target areas, to support them to adjust to the new economic realities and ensure the viability of their recently registered enterprise. Lot 1 (West Cornwall) - Max grant allocation = PS110,000 Lot 2 (Coast to Coast) - Max grant allocation = PS100,000 Intervention rate: up to 72% Match: to be found from non-EU sources Projects will need to deliver the following 2 outputs: 1. New businesses supported (C5) 2 days (12 hrs) active consultancy support for a new business - registered less than 12 months before the assistance is provided. All businesses supported must be based in the core (minimum 70%) or functional (maximum 30%) areas of West Cornwall, and Coast to Coast. Details of these locations can be found on the Local Action Group page of our website for West Cornwall and Coast to Coast. 2. Job creation (C8) Jobs created following an intervention with an enterprise that result in an increase in the overall number of staff employed within that enterprise (new, permanent - at least 12 months - paid, full-time equivalent job created as a result of activity supported by project). Lot 1. CLLD West Cornwall is looking at projects delivering the following outputs: New business supported - C5 x 17 Job creation - C8 x 5 FTE Lot 2. CLLD Coast to Coast is looking at projects delivering the following outputs: New business supported - C5 x 12 Job creation - C8 x 5 FTE

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3b79ed00-9d57-4872-b16a-1813f3e1c87e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c33a627e-28d0-48f4-b84c-6b1e0b16dbf9
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

80 - Education and training services

CPV Codes

80300000 - Higher education services

80400000 - Adult and other education services

80500000 - Training services

Notice Value(s)

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

Notice Dates

Publication Date
26 Mar 20214 years ago
Submission Deadline
Not specified
Future Notice Date
5 Apr 2021Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CORNWALL DEVELOPMENT COMPANY LTD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
REDRUTH
Postcode
TR15 3QG
Post Town
Truro
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK3 Cornwall and Isles of Scilly
Small Region (ITL 3)
TLK30 Cornwall and Isles of Scilly
Delivery Location
Not specified
Local Authority
Cornwall
Electoral Ward
Pool & Tehidy
Westminster Constituency
Camborne and Redruth

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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