Tender

West Yorkshire Business Accelerator Fund Manager

WEST YORKSHIRE COMBINED AUTHORITY

This public procurement record has 7 releases in its history.

TenderAmendment

02 Jun 2021 at 13:40

TenderAmendment

02 Jun 2021 at 13:23

TenderAmendment

02 Jun 2021 at 13:13

TenderAmendment

02 Jun 2021 at 13:12

TenderAmendment

02 Jun 2021 at 13:05

TenderAmendment

02 Jun 2021 at 08:10

Tender

02 Jun 2021 at 08:10

Summary of the contracting process

The West Yorkshire Combined Authority is seeking a Fund Manager for the "West Yorkshire Business Accelerator Fund", as part of an initiative aimed at providing financial support for high-growth SMEs in the region. This procurement falls under the classification of banking and investment services, with an estimated contract value of £20 million, supported by previously ring-fenced funding of £20 million from the Growing Places Fund. The open procurement process is currently ongoing, with the tender deadline set for 2nd July 2021. The resultant contract will have a duration from 15th September 2021 to 1st September 2031 and will be based in Leeds, within the Yorkshire and the Humber region.

This tender presents significant opportunities for businesses experienced in fund management, financial services, or investment banking. Bidding companies, particularly small and medium-sized enterprises (SMEs), can leverage this opportunity to engage in a contract that supports inclusive economic growth and productivity improvements in the West Yorkshire area. The management of the West Yorkshire Business Accelerator Fund will allow selected companies to demonstrate their capabilities in facilitating commercial investments aimed at driving green growth and productivity enhancements, potentially positioning them for further government or regional contracts in the future.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

West Yorkshire Business Accelerator Fund Manager

Notice Description

The Combined Authority has identified a need for additional regional funding for high growth SME's. An opportunity therefore exists for the creation of a new funding product via a Combined Authority commercial investment fund to drive inclusive growth, boost productivity and drive green growth in line with the Strategic Economic Framework Priorities. Using money previously invested and recycled through the Growing Places Fund, the Combined Authority has ring-fenced PS20m (total) to establish a new commercial investment fund - the West Yorkshire Business Accelerator Fund (WYBAF or the Fund). The Combined Authority therefore requires an Fund Manager to Manage this Fund on its behalf. Additional information: Is a Recurrent Procurement Type? : No

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-808f298a-5614-49ff-986e-5b2164150372
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577
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 (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£20,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jun 20214 years ago
Submission Deadline
2 Jul 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
15 Sep 2021 - 1 Sep 2031 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
WEST YORKSHIRE COMBINED AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WEST YORKSHIRE
Postcode
LS1 2DE
Post Town
Leeds
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
TLE Yorkshire and The Humber

Local Authority
Leeds
Electoral Ward
Little London & Woodhouse
Westminster Constituency
Leeds Central and Headingley

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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-b5fd17-808f298a-5614-49ff-986e-5b2164150372-2021-06-02T14:40:42+01:00",
    "date": "2021-06-02T14:40:42+01:00",
    "ocid": "ocds-b5fd17-808f298a-5614-49ff-986e-5b2164150372",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "PROJECT NO. CA1489",
        "title": "West Yorkshire Business Accelerator Fund Manager",
        "description": "The Combined Authority has identified a need for additional regional funding for high growth SME's. An opportunity therefore exists for the creation of a new funding product via a Combined Authority commercial investment fund to drive inclusive growth, boost productivity and drive green growth in line with the Strategic Economic Framework Priorities. Using money previously invested and recycled through the Growing Places Fund, the Combined Authority has ring-fenced PS20m (total) to establish a new commercial investment fund - the West Yorkshire Business Accelerator Fund (WYBAF or the Fund). The Combined Authority therefore requires an Fund Manager to Manage this Fund on its behalf. Additional information: Is a Recurrent Procurement Type? : No",
        "datePublished": "2021-06-02T09:10:28+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66100000",
            "description": "Banking and investment services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66120000",
                "description": "Investment banking services and related services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "LS1 2DE"
                    },
                    {
                        "region": "Yorkshire and the Humber",
                        "countryName": "United Kingdom"
                    },
                    {
                        "postalCode": "LS1 2DE"
                    },
                    {
                        "region": "Yorkshire and the Humber",
                        "countryName": "United Kingdom"
                    },
                    {
                        "postalCode": "LS1 2DE"
                    },
                    {
                        "region": "Yorkshire and the Humber",
                        "countryName": "United Kingdom"
                    },
                    {
                        "postalCode": "LS1 2DE"
                    },
                    {
                        "region": "Yorkshire and the Humber",
                        "countryName": "United Kingdom"
                    },
                    {
                        "postalCode": "LS1 2DE"
                    },
                    {
                        "region": "Yorkshire and the Humber",
                        "countryName": "United Kingdom"
                    },
                    {
                        "postalCode": "LS1 2DE"
                    },
                    {
                        "region": "Yorkshire and the Humber",
                        "countryName": "United Kingdom"
                    },
                    {
                        "postalCode": "LS1 2DE"
                    },
                    {
                        "region": "Yorkshire and the Humber",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "procurementMethodDetails": "Open procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2021-07-02T10:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2021-09-15T01:00:00+01:00",
            "endDate": "2031-09-01T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577",
                "datePublished": "2021-06-02T09:10:28+01:00",
                "format": "text/html",
                "language": "en",
                "dateModified": "2021-06-02T14:40:42+01:00"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Additional information on how to apply for this contract",
                "url": "https://in-tendhost.co.uk/westyorkshireCA/aspx/"
            }
        ],
        "minValue": {
            "amount": 15000000,
            "currency": "GBP"
        },
        "value": {
            "amount": 20000000,
            "currency": "GBP"
        },
        "procurementMethod": "open"
    },
    "parties": [
        {
            "id": "GB-CFS-47084",
            "name": "West Yorkshire Combined Authority",
            "identifier": {
                "legalName": "West Yorkshire Combined Authority"
            },
            "address": {
                "streetAddress": "40-50 Wellington Street, Leeds",
                "locality": "West Yorkshire",
                "postalCode": "LS1 2DE",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Matthew Hoyle",
                "email": "Matthew.Hoyle@westyorks-ca.gov.uk",
                "telephone": "+441133481081"
            },
            "details": {
                "url": "http://www.westyorks-ca.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-47084",
        "name": "West Yorkshire Combined Authority"
    }
}