Tender

Interim Evaluation of the Greater London Investment Fund

SME WHOLESALE FINANCE (LONDON) LIMITED

This public procurement record has 2 releases in its history.

TenderAmendment

07 Jun 2022 at 09:52

Tender Notice
Tender

19 May 2022 at 13:15

Tender Notice
Summary of the contracting process

The SME Wholesale Finance (London) Limited, trading as Funding London, is currently seeking tenders for the "Interim Evaluation of the Greater London Investment Fund". This procurement falls under the Category of Market and Economic Research and is located in London, United Kingdom. The procurement stage is active, and the deadline for proposal submissions is set for 4pm on 17 June 2022. This is an open procurement process with a total contract value of £50,000, aimed at independent consultants with expertise in evaluating publicly backed investment funds. The contract period is expected to commence on 1 July 2022 and conclude by 31 October 2022.

This opportunity presents a significant chance for businesses in the consultancy services sector, particularly those with experience in market evaluations and investment fund assessments. Companies that can offer insight into economic research and have a track record in similar evaluations would be well-suited to compete for this contract. The interim evaluation will not only probe the effectiveness of the Greater London Investment Fund but also shape future investment strategies by assessing its relevance in the current economic climate, representing a valuable opportunity for enhancing business visibility and expanding services in the public sector.

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Notice Information

Notice Title

Interim Evaluation of the Greater London Investment Fund

Notice Description

The Contracting Authority for this tender is SME Wholesale Finance (London) Limited (trading as Funding London). Funding London is seeking proposals from independent consultants to undertake an interim evaluation of the Greater London Investment Fund (www.glif.co). Funding London was established in 2004 by the then Mayor of London with the specific long-term mandate to support the Economic Development Strategy for London through its SME investment activities. Since its inception, Funding London has worked closely with the private sector partners to support London based SMEs caught in the finance gap, by providing them with loan and equity investment activities. This, in turn, delivers economic impact and financial returns for reinvestments. In 2019, Funding London established the Greater London Investment Fund (GLIF) in conjunction with the Greater London Authority, European Investment Bank and ReLondon. GLIF was set up with capital of PS100m to invest in London's high growth SMEs. It provides early-stage debt and equity finance to innovative London based SMEs seeking to scale-up and achieve their growth ambitions, but also to those aiming to achieve long-term sustainability. At the end of April 2022, it has invested PS44.5m in 101 businesses. GLIF has been operating since May 2019 and will continue until at least 2029; although its investment in new businesses will end after 31 December 2023. However, a condition of its funding is that an interim evaluation should be carried out to assess, among other things, progress and continued relevance. As such, Funding London is seeking proposals from independent consultants, with expertise in assessing publicly backed investment funds, to undertake this interim evaluation in accordance with the specifications detailed in the 'GLIF Interim Evaluation - ITT' document included at the attachment section. Please submit your proposal by 4pm on Friday 17 June 2022 to kenroy@fundinglondon.co.uk, with 'GLIF Interim Evaluation' as the subject. Details are set out in the 'GLIF Interim Evaluation - ITT' document, included at the attachment section, of what to include in your tender proposal document. However, if you have any questions about this tender, please send an email to kenroy@fundinglondon.co.uk no later than 8 June 2022.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8a4032fb-2d66-47cd-ae36-4fb1717c1071
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ff7c6d26-ad5b-4408-ba92-e05a21031201
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 (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79300000 - Market and economic research; polling and statistics

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jun 20223 years ago
Submission Deadline
17 Jun 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Jun 2022 - 31 Oct 2022 1-6 months
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
SME WHOLESALE FINANCE (LONDON) LIMITED
Contact Name
Kenroy Quellennec-Reid
Contact Email
kenroy@fundinglondon.co.uk
Contact Phone
020 7043 0739

Buyer Location

Locality
LONDON
Postcode
WC2A 1LG
Post Town
Central 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
City of London
Electoral Ward
Farringdon Without
Westminster Constituency
Cities of London and Westminster

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. 

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