Tender

Greater London Investment Fund - supported by European Regional Development Fund - Fund Managers

TRANSPORT FOR LONDON

This public procurement record has 3 releases in its history.

TenderAmendment

30 Apr 2018 at 15:37

TenderAmendment

27 Mar 2018 at 16:17

Tender

27 Mar 2018 at 16:07

Summary of the contracting process

The Greater London Investment Fund, supported by the European Regional Development Fund, is being procured by Transport for London. The procurement process is currently in the Tender stage, having been published on 27 March 2018, with submissions due by 21 May 2018. The fund, valued at £13.1 million, is aimed at financial and insurance services, specifically targeting organisations that can manage a £100 million Fund of Funds intended for SMEs based in London. The contract period will commence on 1 July 2018 and run until 30 June 2028.

This tender presents significant opportunities for businesses in the financial sector, particularly those specialising in fund management and investment services. Companies that are FCA-authorised and possess experience in managing funds or providing financial services to SMEs will be particularly well positioned to compete. The sub-funds include various focuses, such as early-stage ventures and loan funds, thereby catering to a range of investment capabilities and strategies that can drive growth for participating firms.

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Notice Title

Greater London Investment Fund - supported by European Regional Development Fund - Fund Managers

Notice Description

Funding London (The Authority) is seeking FCA-authorised fund management organisations to enter into Limited Partnership Agreements (LPA) in order to manage and invest the capital of a new PS100m Fund of Funds that will be invested in four sub-funds for SME's who's core activities are based in London Fund 1 (Lot 1): a PS45m Early Stage Venture and Circular Economy Fund. (PS14m ring fenced for Circular Economy) Fund 2 (Lot 2): a PS25m Loan Fund (small loans focus) Fund 3 (Lot 3): a PS25m Loan Fund (larger loans focus) Fund 4 (Lot 4): a PS5m Micro Loan Fund

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-842ff605-6af2-4449-b5a1-bddd30c47f77
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/513f9620-8624-43d9-9545-1eb623167426
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
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£13,100,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
30 Apr 20187 years ago
Submission Deadline
21 May 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Jun 2018 - 30 Jun 2028 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
TRANSPORT FOR LONDON
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
SW1H 0BD
Post Town
South West 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
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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