Award

Invitation to Quote to provide IMPACT (Investing More Productively for A Certain Tomorrow) Feasibility Study - AWARD

NORFOLK COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

15 Sep 2022 at 09:55

Award Notice
Summary of the contracting process

The Norfolk County Council has awarded a contract for a feasibility study on local authority-backed loan fund models to Shared Intelligence Limited. The study aims to assess the viability of funding models supporting business growth and sustained economic impact through a revolving fund, with a contract value of 30,000 GBP. The tender had an open procurement method, with a tender period ending on September 5, 2022, and a contract period starting on September 20, 2022, until December 31, 2022, in the United Kingdom.

This procurement opportunity by Norfolk County Council presents a chance for businesses in financial and insurance services, research and development consultancy, and financial consultancy sectors to engage in assessing and implementing new funding vehicles for business growth. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are suitable to participate, providing an opportunity for growth and innovation within the procurement process.

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Notice Information

Notice Title

Invitation to Quote to provide IMPACT (Investing More Productively for A Certain Tomorrow) Feasibility Study - AWARD

Notice Description

Norfolk County Council wishes to award a contract to a provider to deliver a feasibility study into local authority backed revolving loan fund models that finance business growth, assessing the range of models and their viability. Economic development funding landscapes are changing; this feasibility study will explore the viability of new funding vehicles that support business growth and allow for sustained impact of the money available, by delivery through a revolving fund. This will allow for a discrete pot of public money to deliver funding and economic growth on a sustained basis.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b46cdbec-ade4-4511-b616-9a9fab442f85
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d8ed8577-1c94-4702-88fd-c550007a76dc
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

73 - Research and development services and related consultancy services

CPV Codes

66000000 - Financial and insurance services

66171000 - Financial consultancy services

73200000 - Research and development consultancy services

Notice Value(s)

Tender Value
£30,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Sep 20223 years ago
Submission Deadline
5 Sep 2022Expired
Future Notice Date
Not specified
Award Date
13 Sep 20223 years ago
Contract Period
19 Sep 2022 - 31 Dec 2022 1-6 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
NORFOLK COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NORFOLK
Postcode
NR1 2DH
Post Town
Norwich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH5 Norfolk
Small Region (ITL 3)
TLH51 Norwich and East Norfolk
Delivery Location
Not specified
Local Authority
Norwich
Electoral Ward
Lakenham
Westminster Constituency
Norwich South

Supplier Information

Number of Suppliers
1
Supplier Name

SHARED INTELLIGENCE

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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