Notice Information
Notice Title
Evaluation of the Investment Ready Programme for Diverse Founders
Notice Description
The Contracting Authority for this Tender is SME Wholesale Finance (London) Limited (trading as Funding London), a company limited by guarantee with its registered office at 5th Floor, 330 Holborn Gate, 326-332 High Holborn, London, WC1V 7QH. Funding London was established in 2004 by the then Mayor of London with a specific long-term mandate to support the Economic Development Strategy for London through its SME funding activities. Since its inception, Funding London has supported London-based SMEs caught in the finance gap through its investment activities, and more recently through complementary business support. Our mission is to create an evergreen source of funding whereby returns from previous funds are reinvested into new funds. Therefore, the focus of our activities is not only to deliver impact through investment in growth and jobs but also to deliver the best financial returns possible by working in partnership with the private sector. In September 2023, Funding London launched the Investment Ready Programme (https://fundinglondon.co.uk/programmes). This is a free, six-week programme designed to support London based pre-seed and seed stage businesses, especially but not exclusively led by diverse founders in raising external capital, delivered in partnership with Mountside Ventures (https://www.mountsideventures.com/accelerator). The programme is the recipient of PS1,065,964 from UK Shared Prosperity Fund (UKSPF) managed by the Greater London Authority. We seek to appoint a firm/consultant to evaluate the Investment Ready Programme and provide insights into the programme's performance against its contractual targets. The evaluation should reflect the programme's relevance, as outlined in Annex E, which demonstrates the rationale for the project activity and its links to outputs, outcomes, and impact. It should also assess the programme's consistency, progress, and impact while evaluating value for money, delivery, and management. Bids should be submitted to bianca@fundinglondon.co.uk by 4pm 28 February 2025. Please visit the attached ITT for a full tender process description including background and context, scope of work, timeframe and delivery, budget, selection criteria, further conditions applicable to the tender process, contractual agreement, and draft agreement. Annex E attached demonstrates the rationale for the project activity and its links to outputs, outcomes, and impact.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-6bea75d3-7c0d-4e29-8534-46ef19422fc1
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/25e892a9-a7cc-47c1-ad34-dc2e49708ddc
- 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 (below threshold)
- Tender Suitability
- SME, VCSE
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66100000 - Banking and investment services
Notice Value(s)
- Tender Value
- £35,000 Under £100K
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 18 Feb 20251 years ago
- Submission Deadline
- 28 Feb 2025Expired
- Future Notice Date
- Not specified
- Award Date
- Not specified
- Contract Period
- 7 Mar 2025 - 31 May 2025 1-6 months
- 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
- SME WHOLESALE FINANCE (LONDON) LIMITED
- Contact Name
- Available with D3 Tenders Premium →
- Contact Email
- Available with D3 Tenders Premium →
- Contact Phone
- Available with D3 Tenders Premium →
Buyer Location
- Locality
- LONDON
- Postcode
- WC1V 7QH
- Post Town
- Central London
- Country
- England
-
- Major Region (ITL 1)
- TLI London
- Basic Region (ITL 2)
- TLI3 Inner London - West
- Small Region (ITL 3)
- TLI35 Westminster and City of London
- Delivery Location
- Not specified
-
- Local Authority
- City of London
- Electoral Ward
- Farringdon Without
- Westminster Constituency
- Cities of London and Westminster
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/25e892a9-a7cc-47c1-ad34-dc2e49708ddc
18th February 2025 - Opportunity notice on Contracts Finder -
https://www.contractsfinder.service.gov.uk/Notice/Attachment/9597d0ea-edf9-478a-a0dc-52c783f6b2be
The ITT document outlines the background and context, scope of work, timeframe and delivery, budget, selection criteria, further conditions applicable to the tender process, contractual agreement, and draft agreement. -
https://www.contractsfinder.service.gov.uk/Notice/Attachment/b4ac1aa4-6e78-4277-b5e2-7acbebe48f93
The spreadsheet demonstrates the rationale for the project activity and its links to outputs, outcomes, and impact. -
https://www.contractsfinder.service.gov.uk/Notice/Attachment/dac8c01d-62c7-4aa9-8dd8-357392ac9e40
The ITT document outlines the background and context, scope of work, timeframe and delivery, budget, selection criteria, further conditions applicable to the tender process, contractual agreement, and draft agreement.
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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.
{
"tag": [
"compiled"
],
"id": "ocds-b5fd17-6bea75d3-7c0d-4e29-8534-46ef19422fc1-2025-02-18T11:46:50Z",
"date": "2025-02-18T11:46:50Z",
"ocid": "ocds-b5fd17-6bea75d3-7c0d-4e29-8534-46ef19422fc1",
"language": "en",
"initiationType": "tender",
"tender": {
"id": "IRP/2025/03",
"title": "Evaluation of the Investment Ready Programme for Diverse Founders",
"description": "The Contracting Authority for this Tender is SME Wholesale Finance (London) Limited (trading as Funding London), a company limited by guarantee with its registered office at 5th Floor, 330 Holborn Gate, 326-332 High Holborn, London, WC1V 7QH. Funding London was established in 2004 by the then Mayor of London with a specific long-term mandate to support the Economic Development Strategy for London through its SME funding activities. Since its inception, Funding London has supported London-based SMEs caught in the finance gap through its investment activities, and more recently through complementary business support. Our mission is to create an evergreen source of funding whereby returns from previous funds are reinvested into new funds. Therefore, the focus of our activities is not only to deliver impact through investment in growth and jobs but also to deliver the best financial returns possible by working in partnership with the private sector. In September 2023, Funding London launched the Investment Ready Programme (https://fundinglondon.co.uk/programmes). This is a free, six-week programme designed to support London based pre-seed and seed stage businesses, especially but not exclusively led by diverse founders in raising external capital, delivered in partnership with Mountside Ventures (https://www.mountsideventures.com/accelerator). The programme is the recipient of PS1,065,964 from UK Shared Prosperity Fund (UKSPF) managed by the Greater London Authority. We seek to appoint a firm/consultant to evaluate the Investment Ready Programme and provide insights into the programme's performance against its contractual targets. The evaluation should reflect the programme's relevance, as outlined in Annex E, which demonstrates the rationale for the project activity and its links to outputs, outcomes, and impact. It should also assess the programme's consistency, progress, and impact while evaluating value for money, delivery, and management. Bids should be submitted to bianca@fundinglondon.co.uk by 4pm 28 February 2025. Please visit the attached ITT for a full tender process description including background and context, scope of work, timeframe and delivery, budget, selection criteria, further conditions applicable to the tender process, contractual agreement, and draft agreement. Annex E attached demonstrates the rationale for the project activity and its links to outputs, outcomes, and impact.",
"datePublished": "2025-02-10T13:50:23Z",
"status": "active",
"classification": {
"scheme": "CPV",
"id": "66100000",
"description": "Banking and investment services"
},
"items": [
{
"id": "1",
"deliveryAddresses": [
{
"postalCode": "WC1V 7QH"
},
{
"postalCode": "WC1V 7QH"
},
{
"postalCode": "WC1V 7QH"
}
]
}
],
"minValue": {
"amount": 25000,
"currency": "GBP"
},
"value": {
"amount": 35000,
"currency": "GBP"
},
"procurementMethod": "open",
"procurementMethodDetails": "Open procedure (below threshold)",
"tenderPeriod": {
"endDate": "2025-02-28T16:00:00Z"
},
"contractPeriod": {
"startDate": "2025-03-07T00:00:00Z",
"endDate": "2025-05-31T23:59:59+01:00"
},
"suitability": {
"sme": true,
"vcse": true
},
"mainProcurementCategory": "services",
"documents": [
{
"id": "1",
"documentType": "tenderNotice",
"description": "Opportunity notice on Contracts Finder",
"url": "https://www.contractsfinder.service.gov.uk/Notice/25e892a9-a7cc-47c1-ad34-dc2e49708ddc",
"datePublished": "2025-02-10T13:50:23Z",
"format": "text/html",
"language": "en",
"dateModified": "2025-02-18T11:46:50Z"
},
{
"id": "2",
"documentType": "tenderNotice",
"description": "The ITT document outlines the background and context, scope of work, timeframe and delivery, budget, selection criteria, further conditions applicable to the tender process, contractual agreement, and draft agreement.",
"url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/9597d0ea-edf9-478a-a0dc-52c783f6b2be",
"format": "application/pdf"
},
{
"id": "3",
"documentType": "biddingDocuments",
"description": "The spreadsheet demonstrates the rationale for the project activity and its links to outputs, outcomes, and impact.",
"url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/b4ac1aa4-6e78-4277-b5e2-7acbebe48f93",
"format": "application/vnd.openxmlformats-officedocument.spreadsheetml.sheet"
},
{
"id": "4",
"documentType": "tenderNotice",
"description": "The ITT document outlines the background and context, scope of work, timeframe and delivery, budget, selection criteria, further conditions applicable to the tender process, contractual agreement, and draft agreement.",
"url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/dac8c01d-62c7-4aa9-8dd8-357392ac9e40",
"format": "application/pdf"
}
]
},
"parties": [
{
"id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/kwk37HjD",
"name": "SME WHOLESALE FINANCE (LONDON) LIMITED",
"identifier": {
"legalName": "SME WHOLESALE FINANCE (LONDON) LIMITED",
"scheme": "GB-SRS",
"id": "supplierregistration.cabinetoffice.gov.uk/kwk37HjD"
},
"address": {
"streetAddress": "5 Chancery Lane",
"locality": "LONDON",
"postalCode": "WC1V 7QH",
"countryName": "England"
},
"contactPoint": {
"name": "Bianca Valea-Smith",
"email": "bianca@fundinglondon.co.uk",
"telephone": "020 7043 0739"
},
"roles": [
"buyer"
]
}
],
"buyer": {
"id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/kwk37HjD",
"name": "SME WHOLESALE FINANCE (LONDON) LIMITED"
}
}