Award

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 1 East

MIDLANDS ENGINE INVESTMENTS LIMITED

This public procurement record has 1 release in its history.

Award

13 Jul 2018 at 14:10

Award Notice
Summary of the contracting process

The procurement process conducted by Midlands Engine Investments Limited involves the framework agreements for fund management, specifically for Lot 1, which focuses on equity funds within a range valued between £80 million and £300 million. The tender, titled "GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 1 East," is classified under loan brokerage services. The contract was awarded on 12th December 2017, with the contract period commencing on 19th February 2018 and extending to 19th February 2028. The service delivery will predominantly occur in the East Midlands region of the United Kingdom.

This tender represents a valuable opportunity for businesses within financial services, particularly those specialising in loan brokerage, corporate finance, and venture capital services. As Midlands Engine Investments Limited seeks to engage a capable fund manager, companies that can demonstrate expertise in managing equity funds and possess strong investment banking capabilities are particularly well-suited to compete for this contract. The favourable contract value of £35 million makes this a significant opportunity for larger entities looking to expand their presence in public procurement.

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Notice Information

Notice Title

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 1 East

Notice Description

Midlands Engine Investments Limited has conducted this procurement to contract a fun manager for Lot 1 - Equity fund within the Framework range value of PS80m to PS300m across a number of funds.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-aac8f3cc-4cfc-48ae-9e0b-d051d21187b1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1defc224-a09e-4518-9aeb-fd0de5e1a0b0
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
£35,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£35,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jul 20187 years ago
Submission Deadline
12 Dec 2017Expired
Future Notice Date
Not specified
Award Date
12 Dec 20178 years ago
Contract Period
19 Feb 2018 - 19 Feb 2028 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

FORESIGHT IMPACT MIDLANDS ENGINES FP

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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