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Selection of fund manager for SWLF II

SOUTH WEST INVESTMENT GROUP (CAPITAL) LIMITED

This public procurement record has 6 releases in its history.

Award

31 Jul 2020 at 16:50

Award Notice
TenderAmendment

07 Apr 2020 at 09:23

Tender Notice
TenderAmendment

03 Apr 2020 at 17:15

Tender Notice
TenderAmendment

03 Apr 2020 at 16:13

Tender Notice
TenderAmendment

16 Mar 2020 at 15:18

Tender Notice
Tender

13 Mar 2020 at 08:04

Tender Notice
Summary of the contracting process

The South West Investment Group (Capital) Limited is conducting a procurement process entitled "South West Loans Fund II", aimed at appointing a fund manager for a loan fund targeting small and medium-sized businesses in the South West region of the United Kingdom. The process is currently at the Award stage, having been completed with the announcement of the winning bid from SWIG Finance Limited. The contract, valued at £1,000,000, commenced on 1st June 2020 and will run until 31st July 2030, with an initial tender period that ended on 22nd April 2020.

This procurement presents significant opportunities for businesses involved in financial services, particularly those that specialise in fund management or lending solutions for SMEs. With the fund expected to distribute loans ranging from £25,000 to £250,000 to approximately 180 businesses, firms with expertise in supporting businesses that struggle to access traditional lending options would be well-positioned to compete in future tenders or similar contracts. The emphasis on small and medium enterprises aligns with the interests of entities looking to expand their service offerings in the financial sector.

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Notice Information

Notice Title

Selection of fund manager for SWLF II

Notice Description

Contract has been awarded for the appointment of a fund manager to manage the SWLF II

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bb93fb21-831a-47e4-87b9-1bd60c52f4b7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/77969a11-ed3e-4732-bd49-63512d5584e2
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

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

Notice Dates

Publication Date
31 Jul 20206 years ago
Submission Deadline
22 Apr 2020Expired
Future Notice Date
Not specified
Award Date
1 Jun 20206 years ago
Contract Period
1 Jun 2020 - 31 Jul 2030 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
SOUTH WEST INVESTMENT GROUP (CAPITAL) 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
TRURO
Postcode
TR4 9NY
Postcode Area
Truro
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK3 Cornwall and Isles of Scilly
Small Region (ITL 3)
TLK30 Cornwall and Isles of Scilly
Delivery Location
TLK South West (England)
Local Authority
Cornwall
Electoral Ward
Threemilestone & Chacewater
Westminster Constituency
Truro and Falmouth

Supplier Information

Number of Suppliers
1
Supplier Name

SWIG Finance Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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