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Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017

SME Wholesale Finance (London) Limited

This public procurement record has 1 release in its history.

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14 Jun 2017 at 17:45

Award Notice
Summary of the contracting process

The appointment process for co-investment partners of the London Co-Investment Fund (LCIF) 2017 has been completed by SME Wholesale Finance (London) Limited, with the award made on 13th June 2017. The procurement falls under financial and insurance services and is valued at £23 million, aimed at investing into high-growth early-stage businesses in London. The procurement method was an open procedure and the contract period extends from 13th June 2017 to 31st December 2018. The tender reached its conclusion on 1st January 2017.

This opportunity presents significant potential for businesses engaged in investment and venture capital in the technology sector, particularly those with a focus on science and digital innovation. With the aim of generating substantial private sector investment and creating approximately 2,653 jobs, firms that are well-equipped to manage co-investment partnerships and have experience in early-stage funding will find this opportunity particularly advantageous for growth and expansion.

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Notice Information

Notice Title

Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017

Notice Description

Funding London is the trading name of SME Wholesale Finance (London) Limited. Funding London have competitively selected five additional organisations to become co-investment partners with theLCIF. The selected partners will enter into co-investment agreements with the LCIF with an investment period of 18 months. The aims of the LCIF are as follows:- To invest 23m GBP into high-growth early stage Science, Digital and Technology businesses in Londonduring a three year period;- To achieve a target across the fund of 2.9 GBP of private sector investment for every 1 GBP invested byLCIF;- To generate approx. 2 653 jobs as a result of the investments being made; and- To maximise returns from exits to enable further investment in later years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-88bb5419-a810-4b98-a1bf-dbeb1b5f2c22
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/34a6a574-9ad4-4676-99aa-0a0558ac2e07
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£23,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£23,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jun 20179 years ago
Submission Deadline
1 Jan 2017Expired
Future Notice Date
Not specified
Award Date
13 Jun 20179 years ago
Contract Period
13 Jun 2017 - 31 Dec 2018 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
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
L
Postcode
SE1 9PD
Postcode Area
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI London
Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

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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