Award

County Durham Growth Fund Due Diligence Services

DURHAM COUNTY COUNCIL

This public procurement record has 3 releases in its history.

Award

18 Jun 2019 at 07:57

Award Notice
Tender

07 May 2019 at 07:51

Tender Notice
Tender

07 May 2019 at 07:40

Tender Notice
Summary of the contracting process

The Durham County Council is procuring Due Diligence Services for the County Durham Growth Fund (CDGF), which is aimed at stimulating sustainable business growth among SMEs in County Durham. The tender is classified under business services and has a value of £98,000, with the procurement method being an open procedure. The tender period concluded on 3rd June 2019, and the contract is scheduled to commence on 10th June 2019, continuing until 31st March 2022. This initiative is supported by the European Regional Development Fund (ERDF) and is being managed by Business Durham in collaboration with BE Group.

This procurement presents a significant opportunity for SMEs, particularly those specialising in due diligence, business consulting, and compliance services. Companies adept in assessing grant applications, evaluating financial viability, and ensuring State Aid compliance would find themselves well-suited to participate. Engaging with this process not only enhances potential revenue streams but also contributes to broader economic development goals within the North East region of the United Kingdom.

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Notice Information

Notice Title

County Durham Growth Fund Due Diligence Services

Notice Description

This contract is for Due Diligence Services for the County Durham Growth Fund (CDGF). The County Durham Growth Fund is a new grant programme for SMEs in County Durham for capital investment projects to stimulate and enable sustainable business growth, and is funded by the European Regional Development Fund (ERDF) as part of the 2014-2020 European Structural and Investment Fund Programme. This external due diligence service is being procured for Business Durham, the economic development organisation for Durham County Council, who will be delivering the County Durham Growth Fund in partnership with BE Group. The successful contractor will provide due diligence support to Business Durham and BE Group on grant applications submitted to BE Group, by qualifying SMES and approved in principle by the investment panel, including (but not limited to) preparation of reports with recommendations covering eligibility of expenditure, viability, deliverability, management capability and State Aid compliance. The project will be delivered on behalf of Durham County Council.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cf222c75-f203-4362-b33c-4eaed7336640
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8b6315ae-f773-455c-8eb6-80356715e30c
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
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£98,000 Under £100K
Lots Value
Not specified
Awards Value
£98,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jun 20196 years ago
Submission Deadline
3 Jun 2019Expired
Future Notice Date
Not specified
Award Date
17 Jun 20196 years ago
Contract Period
18 Jun 2019 - 31 Mar 2022 2-3 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
DURHAM 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
DURHAM
Postcode
DH1 5UL
Post Town
Durham
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC41 Durham
Delivery Location
TLC North East (England)
Local Authority
County Durham
Electoral Ward
Neville's Cross
Westminster Constituency
City of Durham

Supplier Information

Number of Suppliers
1
Supplier Name

UNW

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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