Award

Financial Viability - City Recovery COVID-19 Grant Fund

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Award

30 Apr 2021 at 10:12

Award Notice
Summary of the contracting process

The City of London Corporation is seeking proposals for the "Financial Viability - City Recovery COVID-19 Grant Fund," designed to assist SMEs affected by the Covid-19 pandemic. This tender falls within the financial consultancy services industry and is based in London, with a total contract value of £300,000. The procurement stage is complete, with contract awards made on 9th April 2021, following a sole supplier waiver procurement method. The contract period is set to run from 9th April 2021 until 31st January 2022, with the tender period closing on 8th April 2021.

This grant fund presents significant opportunities for businesses focused on financial consultancy services, especially those that can demonstrate their capacity to support smaller enterprises in London's recovery efforts. Companies with expertise in financial management, advisory services, or economic recovery strategies will be well positioned to engage in similar future tenders and benefit from the ongoing resilience-building efforts prioritised by the City of London Corporation and local authorities.

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Notice Information

Notice Title

Financial Viability - City Recovery COVID-19 Grant Fund

Notice Description

On 11th March 2021 the City Court of Common Council agreed to create a grant fund for City SME Businesses that have been impacted by the Covid-19 Pandemic. The scheme is designed to support businesses which contribute to the City's vibrancy at street level and directly provide services to returning City workers, visitors, and residents. The necessary infrastructure for a successful City has been affected by enforced closure or low footfall and this scheme will seek to support those businesses that can evidence, through the grant application process, a likelihood that with support they have a reasonable chance to survive beyond the short term.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a999c7d6-601b-4c9a-9014-b92cb3b41ecb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/aea306fe-60f2-45fa-bb3e-bf291e2b9313
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Sole Supplier Waiver
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Apr 20214 years ago
Submission Deadline
8 Apr 2021Expired
Future Notice Date
Not specified
Award Date
8 Apr 20214 years ago
Contract Period
8 Apr 2021 - 31 Jan 2022 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CITY OF LONDON CORPORATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER & HOLE CORPORATE FINANCE

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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