Award

Fund Investment Adviser, Operator and Administrator Services for the Low Carbon Fund

GREATER MANCHESTER COMBINED AUTHORITY

This public procurement record has 2 releases in its history.

Award

31 Mar 2020 at 15:25

Award Notice
Tender

18 Dec 2019 at 16:44

Tender Notice
Summary of the contracting process

The Greater Manchester Combined Authority is seeking an Investment Adviser for the "Fund Investment Adviser, Operator and Administrator Services for the Low Carbon Fund." This procurement falls under the financial and insurance services industry and is located in the North West of the United Kingdom. The contract, valued at £900,000, is currently in the award stage, having been published on 31 March 2020, following a tender period that ended on 28 January 2020. The contract is set to commence on 2 March 2020 and will run until 1 March 2024, under an open procurement method.

This tender presents an exciting opportunity for small and medium enterprises (SMEs) and voluntary and community sector organisations (VCSEs) to engage in significant financial projects within the public sector. Suitable businesses should possess expertise in project development and financial structuring, particularly in projects that align with low carbon initiatives. The contract requires capability in monitoring compliance, managing investments, and devising exit strategies, opening avenues for growth in sustainable investment sectors.

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Notice Information

Notice Title

Fund Investment Adviser, Operator and Administrator Services for the Low Carbon Fund

Notice Description

The GMCA are looking to procure an Investment Adviser who shall be responsible for: (a) developing the pipeline of Potential Projects, following the origination of Potential Projects from public sector partners and the Investment Adviser's own network of contacts; (b) arranging the investment in and leading the negotiation and structuring of financial deals in viable projects with Project Developers who are Qualifying Financial Recipients and which fit within the Investment Policy. All projects should at least be in compliance with Applicable Requirements and the Eligibility Rules, including State Aid Law and have soundness in terms of business model, cash flow projections, investment and project implementation partners; (c) monitoring compliance and risk in accordance with Applicable Requirements and the Eligibility Rules, including the pursuit (investigation and where applicable correction and recovery) of irregularities at final recipient level where required; (d) managing and arranging Relevant Investments in order to meet the Targets; and (e) recommending and managing appropriate exit strategies from Relevant Investments. Full details on scope of the requirement can be found in the Tender Pack

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c42e38b2-812d-46c1-a232-48b09e473a4c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/70998a58-42b0-491d-9c56-915dad70aa32
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
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£900,000 £500K-£1M
Lots Value
Not specified
Awards Value
£690,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
31 Mar 20205 years ago
Submission Deadline
28 Jan 2020Expired
Future Notice Date
Not specified
Award Date
6 Mar 20205 years ago
Contract Period
9 Mar 2020 - 8 Mar 2024 4-5 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
GREATER MANCHESTER COMBINED AUTHORITY
Contact Name
Bushra Dawood
Contact Email
dawoodb@manchesterfire.gov.uk
Contact Phone
+44 1616084120

Buyer Location

Locality
SALFORD
Postcode
M27 8US
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
TLD North West (England)
Local Authority
Salford
Electoral Ward
Swinton Park
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
1
Supplier Name

CBRE

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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