Award

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 3 East

MIDLANDS ENGINE INVESTMENTS LIMITED

This public procurement record has 1 release in its history.

Award

13 Jul 2018 at 19:27

Award Notice
Summary of the contracting process

The procurement process involves Midlands Engine Investments Limited, which is seeking to award a contract for the Framework Agreements for Fund Management incorporating the Midland Engine Investment Fund, specifically Lot 3 focused on small business loans. The contract, valued at £17 million, falls under the loan brokerage services category and will take place in the East Midlands region of the United Kingdom. The contract period is set to commence on 23 August 2017 and will run until 23 August 2027. The procurement stage is currently at the Award phase, with important dates including the contract award published on 13 July 2018 and the tender end date having been on 27 June 2017.

This tender presents significant opportunities for financial services firms and organisations that specialise in investment banking and fund management. Businesses equipped to handle small business loans and financial services will find this contract particularly relevant. The sizeable budget allocated for the funds, ranging from £30 million to £60 million across various funds, indicates a robust opportunity for qualified suppliers to engage with Midlands Engine Investments Limited and contribute to fostering economic growth in the region.

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Notice Information

Notice Title

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 3 East

Notice Description

Midlands Engine Investment Limited has conducted this procurement to contract a fund manager for:- Lot 3 - small business loans funds within the Framework range value of PS30m to PS60m across a number of funds

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a9eac3a0-95bc-4499-b3b6-5429fcff4453
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9641a2de-0aa7-46d7-834c-b81ef79f5353
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

66120000 - Investment banking services and related services

66122000 - Corporate finance and venture capital services

66190000 - Loan brokerage services

Notice Value(s)

Tender Value
£17,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£17,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jul 20187 years ago
Submission Deadline
27 Jun 2017Expired
Future Notice Date
Not specified
Award Date
26 Jun 20178 years ago
Contract Period
22 Aug 2017 - 23 Aug 2027 Over 5 years
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
MIDLANDS ENGINE INVESTMENTS LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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
TLF East Midlands (England)
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

ENTERPRISE LOANS EM MEIF

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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