Tender

TENDER OPPORTUNITY: ACCESS TO FINANCE/RAISING FINANCE SERVICE PROCUREMENT

CUMBRIA CHAMBER OF COMMERCE

This public procurement record has 2 releases in its history.

TenderAmendment

04 Apr 2022 at 08:54

Tender Notice
Tender

29 Mar 2022 at 15:02

Tender Notice
Summary of the contracting process

Cumbria Chamber of Commerce is seeking tenders for the "Access to Finance/Raising Finance Service Procurement" to enhance its business support offerings through the Cumbria Business Growth Hub. The procurement is currently in the tender stage, with a deadline for submissions set for 9am on 22nd April 2022. The contract will commence on 1st May 2022 and is expected to run until 30th June 2023. The contract location is in the North West region of England, and it falls under the category of business services (CPV code: 79000000), specifically focused on financial consulting and support services. The total budget for this procurement is £210,000, with an estimated value starting from £200,000.

This tender presents an excellent opportunity for businesses specialising in financial consulting, specifically those capable of providing tailored advice to both established companies and start-ups. Firms with a strong track record in raising finance, developing business plans, and engaging with funding sources will find this contract particularly appealing. The contracting authority values experience, with a minimum requirement of five years in the industry, making this a suitable opportunity for seasoned financial service providers and consultancies aiming to expand their outreach and impact within the region.

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Notice Information

Notice Title

TENDER OPPORTUNITY: ACCESS TO FINANCE/RAISING FINANCE SERVICE PROCUREMENT

Notice Description

Cumbria Chamber of Commerce has for over the last ten years ran business support activity through Cumbria Business Growth Hub. Cumbria Business Growth Hub now has a need to strengthen its existing offering by adding an Access to Finance offer to our current suite of activities. We are looking to offer bespoke, flexible and tailored support, signposting to products and providers which will unlock business growth. Support will be offered to established businesses as well as start-ups through Cumbria Business Growth Hub and our Business Start-Up Support programme. We're looking for someone who can deliver an experienced and knowledgeable Access to Finance service including: * 1-2-1 support to assess financial position and funding requirements * 1-2-1 support to develop business plan and financial forecasts * 1-2-1 support to become investment ready including developing the investment proposition * 1-2-1 support to identify the most relevant sources of funding and assisting in discussions with potential investors * Financial planning and help to navigate the latest funding channels * Pitch & presentation development for investment opportunities including an initial elevator pitch * Signposting and introductions including micro fund, start-up loan, bank funding, large debt financing, grant funding, R&D and equity finance * Support in engaging with finance providers and providing relevant information through Cumbria Business Growth Hub channels Your submission should cover as a minimum: * At least 5 years experience of raising finance including external markets * Proven track record of developing and understanding business plans * Understanding and articulation of business objectives - short/medium/long * Understanding of management structures, financial cashflow and financial sensitivities * Ability to develop and interpret cashflow forecast, profit & loss and balance sheet * Proven track record of raising finance which can be demonstrated * Demonstration of links to various A2F provider organisations * CV detailing relevant qualifications and experience including examples of similar work and at least two relevant referees * Overall knowledge of the funding/finance landscape * Ability to engage effectively with finance providers and clients * Areas of the county you are able to cover (full coverage required) * Hourly rate * If applying to deliver support under the BSUS programme you need to demonstrate start-up experience and understanding of this area Submissions should be sent by email to Lesley Robinson lesleyr@cumbriachamber.co.uk marked 'Confidential - Tender Enclosed' Additional information: Submissions must be submitted by email to Lesley Robinson, Business Support Manager Manager, lesleyr@cumbriachamber.co.uk by no later than 9am on 22nd April 2022. Any tender received after the deadline will not be scored.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-95ae4dce-d8d9-41ac-b2e5-962feb7b0c21
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/78effc41-f453-4873-9583-d22f0626ce69
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

80 - Education and training services

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

80000000 - Education and training services

Notice Value(s)

Tender Value
£20,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Apr 20224 years ago
Submission Deadline
22 Apr 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Apr 2022 - 30 Jun 2023 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
CUMBRIA CHAMBER OF COMMERCE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CARLISLE
Postcode
CA3 8DA
Post Town
Carlisle
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
TLD North West (England)
Local Authority
Cumberland
Electoral Ward
Castle
Westminster Constituency
Carlisle

Further Information

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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