Award

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2 West

MIDLANDS ENGINES INVESTMENT LIMITED

This public procurement record has 1 release in its history.

Award

13 Jul 2018 at 15:28

Award Notice
Summary of the contracting process

The procurement process, initiated by Midlands Engines Investment Limited, relates to the framework agreements for Fund Management incorporating the Midland Engine Investment Fund, specifically for Lot 2 in the West Midlands, UK. The tender, titled "GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2 West", was closed on 27 June 2017, with a total contract value of £40 million and a contract period extending from 23 August 2017 to 23 August 2027. The industry category for this procurement is classified under Banking and Investment Services, with additional classifications including corporate finance, loan brokerage, and investment banking services.

This tender presents significant opportunities for businesses in the financial services sector, particularly those specialising in fund management and financial consultancy. Ideal candidates include large firms with expertise in corporate finance and venture capital, capable of managing substantial funds effectively. The awarded contract is currently held by Maven MEIF (WM) GP (One) Limited, yet there remains a growing market for innovative financial solutions and partnerships, particularly in the context of regional economic growth initiatives in the Midlands.

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Notice Information

Notice Title

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2 West

Notice Description

Midlands Engine Investments Limited has conducted this procurement to contract a fund manager for Lot 2 debt funds within the framework range value of PS120m to PS400m across a number of funds

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-642af582-73b3-45fe-82f9-e2083051d5f9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d39a3d0c-7f9f-4804-940f-f444a6aa5c95
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
£40,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£40,000,000 £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 ENGINES 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

MAVEN MEIF (WM) GP (ONE

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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