Award

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 3 West

MIDLANDS ENGINE INVESTMENT LIMITED

This public procurement record has 1 release in its history.

Award

13 Jul 2018 at 19:49

Award Notice
Summary of the contracting process

The procurement process involves Midlands Engine Investment Limited as the buying organisation, seeking a fund manager for small business loans through their Framework Agreements for Fund Management, specifically for Lot 3 in the West Midlands, UK. The title of the tender is "GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 3 West." This procurement process is currently in the Award stage, having been completed with an awarded contract valued at £17 million. The contract period is set from 23rd August 2017 to 23rd August 2027, while the tender period ended on 27th June 2017.

This tender presents significant opportunities for businesses engaged in financial services, particularly those specialising in loan brokerage, corporate finance, and venture capital services. Small to medium-sized enterprises (SMEs) and businesses with experience in fund management could find advantageous positioning to compete for this contract. Companies offering innovation in financial products and services may also find this a valuable opportunity for growth, especially those with established networks in the West Midlands region.

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Notice Information

Notice Title

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 3 West

Notice Description

Midlands Engine Investment Limited has conducted this procurement to contract a fund manager for:- Lot 3 - small business loans funds within the Framework range value of PS30m to PS60m across a number of funds Additional information: Midlands Engine Investment Limited has conducted this procurement to contract a fund manager for:- Lot 3 - small business loans funds within the Framework range value of PS30m to PS60m across a number of funds

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-595c6896-3bea-4e3e-b77e-1027fbd188c3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0934001c-8c22-4505-bce4-69373501a029
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

66120000 - Investment banking services and related services

66122000 - Corporate finance and venture capital services

66190000 - Loan brokerage services

Notice Value(s)

Tender Value
£17,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£17,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jul 20187 years ago
Submission Deadline
27 Jun 2017Expired
Future Notice Date
Not specified
Award Date
26 Jun 20178 years ago
Contract Period
22 Aug 2017 - 23 Aug 2027 Over 5 years
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
MIDLANDS ENGINE INVESTMENT LIMITED
Contact Name
Pete Binkiewicz
Contact Email
pete.binkiewicz@british-business-bank.co.uk
Contact Phone
01142062134

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLG West Midlands (England)
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

BCRS MEIF

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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