Tender

Services for ESIF Internationalisation Fund Administration

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Tender

30 Aug 2019 at 10:06

Summary of the contracting process

The Department for International Trade (DIT) is currently in the Tender stage for the procurement of services to manage the Fund Administration of the European Structural & Investment Fund (ESIF) Internationalisation Fund. This opportunity is centred on delivering "Internationalisation Funds" to small and medium-sized enterprises (SMEs) in England, with an estimated contract value ranging from £2.2 million to £3.6 million. The tender submission deadline is set for 9 October 2019, and the contract period will commence on 1 April 2020 and conclude on 31 March 2023. This procurement falls under the Banking and investment services industry category and employs a restricted procedure as the procurement method.

This tender presents significant opportunities for businesses, especially those specialising in fund management and administration services. Companies that can effectively develop and administer processes compliant with ESIF requirements will find this an advantageous venture. With the potential for over 7,000 successful fund awards, firms focusing on delivering financial services and those with experience in handling grants for SMEs will be well-positioned to compete and grow within this framework.

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Notice Title

Services for ESIF Internationalisation Fund Administration

Notice Description

The DIT is seeking a service provider to manage the Fund Administration of four DIT European Structural & Investment Fund (ESIF) projects delivering "Internationalisation Funds" to small and medium sized enterprises (SMEs) in England. The combined value of the ESIF projects is cPS35.7m over three years, but there is the potential for the value to increase if more ESIF funding is made available. These projects will provide co-investment funding to SMEs, subject to meeting the relevant criteria for that project. Average fund (grant) size is expected to be cPS5k, which suggests over 7,000 successful fund awards to SMEs will be required over the contract period. The Fund Administrator will be responsible for the full SME fund appraisal, award and payment process. They will be required to develop and administer a process that is fully ESIF compliant. In delivering the Internationalisation Funds the service provider will be required to work closely with DIT's regional International Trade Adviser (ITA) delivery partners, who will be responsible for delivering the pipeline of eligible and suitable SME applicants for the projects. Estimated total contract value range is PS2.2m to PS3.6m (excluding TUPE costs and inflation). The upper value includes deployment of additional services subject to increased funding. The contract will be awarded on the basis of the most economically advantageous tender, in accordance with the criteria stated in the procurement documents.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d6164e30-9b78-42d8-afea-12cc14e72a18
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a865f046-ad00-404c-b350-506f043dd79e
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services

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


CPV Codes

66100000 - Banking and investment services

75100000 - Administration services

79900000 - Miscellaneous business and business-related services

Notice Value(s)

Tender Value
£3,600,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
30 Aug 20196 years ago
Submission Deadline
9 Oct 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2020 - 31 Mar 2023 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR INTERNATIONAL TRADE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 0TL
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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