Planning

HS2 Hybrid Venture Innovation Fund Manager - Early Engagement

HS2

This public procurement record has 1 release in its history.

Planning

04 Oct 2022 at 12:26

Market Engagement Notice
Summary of the contracting process

The HS2 organization is planning to establish a "Public-Private Venture Capital Fund" to invest in new businesses related to the UK construction and transport sector, within the HS2 environment. The anticipated Fund value is between £30m - £50m, with both public and private sector investments. HS2 Ltd is seeking an independent Fund Manager authorized by the Financial Conduct Authority to manage the Fund. Interested service providers need to provide feedback by midday on Tuesday 18th October 2022.

This procurement opportunity provides a chance for businesses involved in financial auditing services, especially those with experience in venture capital fund management, to compete for a contract with HS2. SMEs are identified as suitable bidders for this tender. Interested businesses can access the market engagement documentation and supporting questionnaire by contacting Shopna Begum at HS2. The deadline for feedback submission is 18th October 2022.

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Notice Information

Notice Title

HS2 Hybrid Venture Innovation Fund Manager - Early Engagement

Notice Description

The purpose of this notice is to engage with the market in relation to the HS2 Hybrid Innovation Fund Manager. HS2 Ltd in partnership with the Department for Transport (DfT) is proposing to establish a "Public-Private Venture Capital Fund" (the "Fund") as a vehicle to invest equity stakes in appropriate new businesses primarily within the UK construction and transport sector, working within the HS2 environment. The total anticipated Fund value is between PS30 - PS50m. The Public investment to the Fund, provided by HS2 Ltd and DfT, is expected to be in the range of 30-50% of the total Fund value, with Private sector investment making up the remainder of the Fund. In order to manage the Fund, HS2 Ltd is seeking to appoint an independent Fund Manager, to undertake a variety of activities in conjunction with HS2 Ltd and the existing HS2 Innovation Accelerator Programme. As a pre-requisite, any prospective Fund Manager must be authorised by the Financial Conduct Authority (FCA) to carry out the Services. Further details can be found in the Market Sounding Briefing and supporting questionnaire (Annex B) which are available on request. In order to access the documentation please contact Shopna Begum (Shopna.Begum@hs2.org.uk). HS2 Ltd is requesting feedback from suitable service providers by midday on Tuesday 18th October 2022. Additional information: In order to access the market engagement documentation and supporting questionnaire, please contact Shopna Begum (Shopna.Begum@hs2.org.uk). Please note correspondence with the aforementioned email address should be in relation to this specific Market Engagement exercise and general correspondence/queries may not be addressed.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-77a96223-f483-4e15-95e6-4e978ece8c32
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3761e6c4-04f6-412c-a827-e8e258c410ec
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79212100 - Financial auditing services

Notice Value(s)

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

Notice Dates

Publication Date
4 Oct 20223 years ago
Submission Deadline
Not specified
Future Notice Date
18 Oct 2022Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
HS2
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
TWO SNOWHILL, SNOW HILL QUEENSWAY, BIRMINGHAM
Postcode
B4 6GA
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

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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