Tender

Agreement for the Cornwall and Isle of Scilly Investment Fund (CIOSIF) Fund Manager

BRITISH BUSINESS FINANCIAL SERVICES LIMITED

This public procurement record has 1 release in its history.

Tender

01 Mar 2018 at 13:06

Tender Notice
Summary of the contracting process

The British Business Bank is seeking a fund manager for the Cornwall and Isles of Scilly Investment Fund (CIOSIF) through an open procurement process. The tender, titled "Agreement for the Cornwall and Isle of Scilly Investment Fund (CIOSIF) Fund Manager," focuses on the financial and insurance services sector, with a procurement value estimated between £40 million to £80 million. The tender period concludes on 29 March 2018, and successful contract commencement is anticipated to start on 15 May 2018, continuing for ten years until 15 May 2028. This opportunity is situated in the South West region of the United Kingdom.

This tender presents a significant opportunity for businesses in the financial services sector, particularly those specialising in fund management. Small and medium-sized enterprises (SMEs) are encouraged to participate, given the emphasis on their suitability in this procurement process. Companies with experience in managing debt and equity funds, especially those familiar with public sector finance, will be well-suited to compete for this contract, ultimately enabling them to contribute to regional economic growth while expanding their service offerings.

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Notice Information

Notice Title

Agreement for the Cornwall and Isle of Scilly Investment Fund (CIOSIF) Fund Manager

Notice Description

The British Business Bank is conducting this procurement to establish an agreement for a fund manager for the Cornwall and Isles of Scilly region for: A combined debt and equity fund; value range of: PS40m to PS80m; The estimated total value set-out in II.1.5) and repeated in II.2.6) is the maximum value of the Fund Manager fees that the Authority expects to pay under this agreement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-97df0d78-2a7c-4ae2-a5ac-2f72793fe8c2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5796adfa-d491-475c-854f-9e1c1945d4d2
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
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
1 Mar 20187 years ago
Submission Deadline
29 Mar 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 May 2018 - 15 May 2028 Over 5 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
BRITISH BUSINESS FINANCIAL SERVICES LIMITED
Contact Name
Not specified
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
Not specified

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLK South West (England)
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

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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