Tender

Property Investment Fund 3 Phase 1 (PIF3) - Application process

BARNSLEY METROPOLITAN BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

08 Dec 2021 at 16:57

Tender Notice
Summary of the contracting process

Barnsley Metropolitan Borough Council is launching the third phase of its Property Investment Fund (PIF3) to stimulate high-quality industrial development within the borough. The tender, titled "Property Investment Fund 3 Phase 1 (PIF3) - Application process," falls under the industry category of financial and construction consultancy services. The application process is currently active and will close on the 25th of February 2022. The council aims to assist developers facing viability constraints by providing funding for commercial premises development in the Yorkshire and the Humber region. The contract period is scheduled to commence on the 1st of April 2023 and will conclude on the 31st of March 2024.

This tender represents an excellent opportunity for developers, particularly small and medium-sized enterprises (SMEs) and voluntary and community sector enterprises (VCSEs), looking to expand their operations in commercial property development. By bridging viability gaps, successful applicants can leverage this funding to enhance their projects and contribute to the economic growth of Barnsley. Businesses with experience in construction consultancy and financial services will find themselves well-positioned to compete for funding under this initiative, fostering collaboration with the council to address local development needs.

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Notice Information

Notice Title

Property Investment Fund 3 Phase 1 (PIF3) - Application process

Notice Description

Following the success of the first and second phases Barnsley MBC (The Council) is launching a third phase Property Investment Fund, PIF3. The Council's Property Investment Funds have helped to facilitate 387,000 square ft of commercial property development since 2016. Following on from this success, the Council is now launching a third phase of support, to stimulate speculative high quality industrial development within the borough, by working in partnership with developers to overcome demonstrable viability constraints. The Scheme will allow Developers with land suitable for development for commercial premises in the Borough to apply for assistance to bridge agreed viability gaps. Developers are invited to download and complete an application for funding via the scheme via this system by the 25th of February to be considered. Further information on the process for allocation of funding is available in the application form.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-65c393ed-745b-481a-9899-9c11aa12b9b4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9f0ea570-56c0-4c38-94af-da3f0beb9628
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

CPV Codes

66171000 - Financial consultancy services

71530000 - Construction consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
8 Dec 20214 years ago
Submission Deadline
25 Feb 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2023 - 31 Mar 2024 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
BARNSLEY METROPOLITAN BOROUGH 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
BARNSLEY, SOUTH YORKSHIRE
Postcode
S70 2TA
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)
TLE33 Barnsley
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Barnsley
Electoral Ward
Central
Westminster Constituency
Barnsley North

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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