Tender

ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance

ARTS COUNCIL ENGLAND

This public procurement record has 1 release in its history.

Tender

31 Oct 2024 at 16:15

Tender Notice
Summary of the contracting process

Arts Council England is seeking financial advisors to join their framework for the administration of the Cultural Recovery Fund loans programme. This open tender process is titled "ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance" and falls under the accounting services industry category (CPV code: 79211000). The procurement process is currently in the tender stage with a closing deadline on 2nd December 2024, and the contract period will start on 17th February 2025, ending on 16th February 2027. The services required are to be delivered across various locations including the British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom.

This tender presents substantial opportunities for businesses specialising in financial advisory and accounting services, particularly those with experience in handling repayable finance and loan management. Small and Medium Enterprises (SMEs) and Voluntary, Community and Social Enterprises (VCSEs) are particularly encouraged to apply. Successful bidders will have the chance to support the government's ongoing efforts in the Cultural Recovery Fund, providing independent assessments and reviews that are critical for the effective management of the fund's loans. This contract offers an avenue for businesses to both expand their portfolio and contribute to the stabilisation and growth of the arts and culture sectors post-Covid-19.

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Notice Information

Notice Title

ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance

Notice Description

Arts Council England are conducting a Procurement for a Framework of Financial Advisors to support with the administration of the Cultural Recovery Fund loans programme. As part of the government's response to the Covid 19 crisis, the Department for Culture, Media and Sport (DCMS) made 37 loans to arts and culture organisations, investing PS250 million. DCMS are the Lender for the loans, and Arts Council acts as their loan agent. A dedicated repayable finance team manages the day-to-day responsibility of the loan book management, monitoring, and reporting. From time to time, ACE requires an independent and impartial review of a borrower organisation and its financial model to support our decisions regarding their loans - referred to as Financial Advisors.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8c3035a5-9736-45bb-84e8-d953234e7f6f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f987fc9d-466f-4b6f-bbd7-3ad945814879
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

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

CPV Codes

79211000 - Accounting services

Notice Value(s)

Tender Value
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
31 Oct 20241 years ago
Submission Deadline
2 Dec 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
17 Feb 2025 - 16 Feb 2027 1-2 years
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
ARTS COUNCIL ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M1 1FN
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified
Local Authority
Manchester
Electoral Ward
Piccadilly
Westminster Constituency
Manchester Central

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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