Tender

Growth Service for Businesses in Cambridgeshire & Peterborough

CAMBRIDGESHIRE AND PETERBOROUGH BUSINESS GROWTH COMPANY

This public procurement record has 4 releases in its history.

Tender

05 May 2020 at 11:26

Tender Notice
Tender

07 Apr 2020 at 12:07

Tender Notice
Tender

05 Mar 2020 at 13:11

Tender Notice
Tender

11 Feb 2020 at 18:25

Tender Notice
Summary of the contracting process

The procurement process involves the Cambridgeshire and Peterborough Business Growth Company, who is seeking to appoint a contractor for the "Growth Service for Businesses in Cambridgeshire & Peterborough." This initiative, which falls under the financial and insurance services industry, aims to enhance local economic growth through various supported services. The procurement is currently in the tender stage, with a deadline for submission set for 22nd May 2020. The total contract value is estimated at £80 million, with a minimum contract value of £32 million. The anticipated contract period will start on 3rd August 2020 and will run until 2nd August 2023, covering the East of England region in the United Kingdom.

This tender presents significant opportunities for businesses aiming to expand their footprint in the region. Companies specialising in grant administration, economic development, and consultancy are particularly well-suited to compete, given that the successful bidder will implement services including inclusive growth, inward investment, and skills brokerage. Furthermore, the focus on collaboration with small firms through capital growth or innovation grants opens doors for businesses that can offer expertise in research and development funding, planning, and infrastructure development to enhance local economic resilience in the face of ongoing commercial challenges.

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Notice Information

Notice Title

Growth Service for Businesses in Cambridgeshire & Peterborough

Notice Description

This Procurement is to appoint an Organisation to administer - A capital Growth Investment Fund of grants and equity investments, as well as an Innovation & Relocation Grant The contract is to appoint a single company or prime contractor/ consortia type arrangement to support the CPCA in delivering the Local Industrial Strategy by way of four specific areas of growth. These include: An Inclusive Growth Service, to engage our highest potential growth firms to better support them to accelerate their growth, increase their capacity and capability for growth, sustain their period within growth, or all three. An Inward Investment Service, to extend our reach into key global markets, to engage and persuade overseas firms to locate into our economy or invest in our strategic projects to increase our employment space, develop our transport infrastructure or establish a new university. A Skills Service, to provide an effective brokerage between young talent and those retraining or progressing in a career, our employers and our skills providers, to improve the supply of skills to enable growth. A Capital Growth or Innovation & Re-Location Grant to co-invest with small firms in the cost of contracting experts to help either through PS50k grants or equity investments; - to provide access to R&D funding from UK and EU agencies for new product growth and increased productivity - to provide access to fast-track planning, partners and investment for new build employment space These service will be delivered in each of our three sub-economies in a tailored manner to better spread growth more evenly across our total economy.This revised notice is to highlight a number of significant changes. CHANGES SINCE THE PREVIOUS NOTICE The CPCA is procuring this contract on behalf of the Cambridgeshire and Peterborough Business Growth Company (CPBGC) who a wholly own subsidiary of the CPCA, established for the sole purpose of delivering this contract. The CPCA will act as agent for the CPBGC and will provide the support services for both the procurement and delivery of the resultant contract. In addition, the Procurement has been extended in time to address the current commercial challenges surrounding the COVID-19 Pandemic. Finally, the specification has been extended to include the flexibility to respond to both the current economic situation and any future, unknown business challenges the local businesses may face in the future.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-736c1dd6-5269-4533-b9cb-19c0a7249483
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f6bad65f-359e-4d5f-962e-ea61fad4a3b5
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

80 - Education and training services

CPV Codes

66000000 - Financial and insurance services

80000000 - Education and training services

Notice Value(s)

Tender Value
£80,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
5 May 20206 years ago
Submission Deadline
22 May 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Aug 2020 - 2 Aug 2023 2-3 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
CAMBRIDGESHIRE AND PETERBOROUGH BUSINESS GROWTH COMPANY
Additional Buyers

CAMBRIDGESHIRE DISTRICT COUNCILS

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CAMBRIDGE
Postcode
CB2 3QJ
Post Town
Cambridge
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
Not specified
Local Authority
Huntingdonshire
Electoral Ward
The Stukeleys
Westminster Constituency
Huntingdon

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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