Tender

FUND MANAGEMENT SERVICES IN RELATION TO THE WEST MIDLANDS EQUITY CO-INVESTMENT FUND

WEST MIDLANDS COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Tender

24 Jun 2022 at 10:51

Tender Notice
Summary of the contracting process

The procurement process is initiated by the West Midlands Combined Authority (WMCA), seeking fund management services for the West Midlands Equity Co-Investment Fund, aimed at investing in high-growth SMEs in the region. The tender, which falls under the financial and insurance services category (CPV code 66000000), was published on 24th June 2022 and is part of an open procurement method, allowing broad participation. The tender period concludes on 21st July 2022, with the contract expected to commence on 1st September 2022 and conclude by 30th September 2032.

This opportunity presents significant potential for businesses to engage in local investment initiatives, particularly those specialising in financial services or fund management. Suitable contenders include small and medium-sized enterprises (SMEs) that have experience in managing investment funds or working with equity financing. The collaborative nature of this fund, which involves the WMCA and an additional investor, enables firms with regional expertise and innovative approaches to contribute meaningfully to the economic landscape of the West Midlands.

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Notice Information

Notice Title

FUND MANAGEMENT SERVICES IN RELATION TO THE WEST MIDLANDS EQUITY CO-INVESTMENT FUND

Notice Description

The West Midlands Combined Authority ("WMCA") and a second investor to the Fund ("Investor 2") will be establishing a co-investment fund ("the West Midlands Equity Co-Investment Fund" or "the Fund"), making equity investments into the region's high growth potential SMEs. Both parties aim to have the fund established and ready to launch by no later than 3rd October 2022.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b4ee9352-8cd0-4fcb-8ebd-ac966c115a6c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cbc407bd-53fd-4772-946d-5603f9af4d03
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

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jun 20223 years ago
Submission Deadline
21 Jul 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2022 - 30 Sep 2032 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
WEST MIDLANDS 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
BIRMINGHAM
Postcode
B19 3SD
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England)
Local Authority
Birmingham
Electoral Ward
Newtown
Westminster Constituency
Birmingham Ladywood

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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