Tender

Liverpool City Region Seed Fund: Fund Manager

LIVERPOOL CITY REGION COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Tender

18 Jul 2024 at 07:08

Tender Notice
Summary of the contracting process

The Liverpool City Region Combined Authority is leading a tender process for selecting a Fund Manager for the Liverpool City Region Seed Fund. The procurement, part of an effort to boost early-stage businesses with high-growth potential, involves investing £450,000 in business services in the North West region. The deadline for tender submissions is September 12, 2024, with a contract period starting on October 31, 2024, and ending on October 31, 2034.

This opportunity is open for businesses interested in providing fund management services tailored to the unique innovation ecosystem of Liverpool City Region. Small and medium enterprises (SMEs) that can deliver innovative solutions and support high-growth enterprises are well-suited to compete. The Liverpool City Region Combined Authority seeks a Fund Manager who can effectively manage the Fund, leverage additional investment, and contribute to the local innovation ecosystem.

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Notice Information

Notice Title

Liverpool City Region Seed Fund: Fund Manager

Notice Description

Liverpool City Region has one of the UK's most developed place-based innovation ecosystems. However, despite high business birth rates, Liverpool City Region has relatively low levels of high growth enterprises. This is in part due to a lack of finance at the crucial seed stage of investment. Research commissioned by Liverpool City Region Combined Authority indicates that 'providers of Seed Fund investment in Liverpool City Region are limited' despite a strong pipeline of demand. Liverpool City Region Combined Authority has committed to investing in the LCR Seed Fund. The Combined Authority is leading on the procurement and selection of a Fund Manager. This forms part of a wider programme of activity to stimulate the growth of early-stage businesses with high-growth potential. The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to meet the objectives of the Fund. This will include consideration of the scale of Fund, options to leverage additional investment and proposals to embed activity in the Liverpool City Region Innovation Eco-System. Additional information: https://procontract.due-north.com/Advert/Index?advertId=f20c0586-d044-ef11-812d-005056b64545

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a1bae1ac-639e-49c8-a9cf-4a96cb82048f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9d86034c-bd5d-44c1-989c-6f9a7a46a12f
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 (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

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

Notice Value(s)

Tender Value
£450,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jul 20241 years ago
Submission Deadline
12 Sep 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Oct 2024 - 31 Oct 2034 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
LIVERPOOL CITY REGION COMBINED AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L3 1BP
Post Town
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
TLD North West (England)
Local Authority
Liverpool
Electoral Ward
Waterfront South
Westminster Constituency
Liverpool Riverside

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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