Tender

Business Growth and Social Impact Investment Fund Management

CAMBRIDGESHIRE & PETERBOROUGH COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Tender

17 Oct 2023 at 15:03

Tender Notice
Summary of the contracting process

The Cambridgeshire and Peterborough Combined Authority is currently running a tender titled "Business Growth and Social Impact Investment Fund Management" within the business services industry category. The procurement stage is at the tender phase with a deadline for submissions on November 16, 2023. The tender aims to award contracts to manage two funding schemes (Fund 1 and Fund 2) for a term of 3 years with a possible one-year extension. Fund 1 targets high-growth potential businesses in green-tech sectors, offering equity investments and loans of £100,000 to £500,000. Fund 2 focuses on providing grants or loans to third-sector businesses with amounts below £75,000.

This procurement opportunity by the Cambridgeshire and Peterborough Combined Authority is open to small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations. Businesses specialising in finance, consultancy, or sustainability initiatives may find this tender particularly suitable for their expertise. The contract period will span from January 2, 2024, to January 2, 2027, presenting a long-term opportunity for growth and collaboration for businesses interested in engaging with socially impactful projects within the region.

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Notice Information

Notice Title

Business Growth and Social Impact Investment Fund Management

Notice Description

The Cambridgeshire and Peterborough Combined Authority (CPCA) is seeking to award two contracts to manage their funding schemes, Fund 1 and Fund 2. The authority requires a delivery partner(s) to manage both funds under two separate contracts. The term of the contracts will be 3 years plus an optional further year's extension. The fund's lifetime will be 10 years, with 3-4 years of investment and 6-7 years of realisation. This includes an annual review of the programme after the completion of the contract. The advice retainer will mirror this arrangement in terms of being available to the CPCA for a 10-year period. The funding schemes are: Fund 1 is a growth fund aimed at providing equity or debt funding to high-growth potential businesses that do not have access to funding from other sources. The priority sector will be green-tech businesses, plus businesses that want to invest in reducing their carbon emissions with equity investment and loans of PS100,000-PS500,000 to support business growth. Fund 2: a fund aimed at providing grants or loans to third-sector businesses that do not have access to funding from other sources. This will consist of smaller loans or grants of less than PS75,000 to support third-sector businesses and organisations.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d84c6006-070e-4af6-84a2-81701fbbfce4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7d94f8cf-a784-4a16-a853-89ba0b3c4bee
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
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

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

Notice Dates

Publication Date
17 Oct 20232 years ago
Submission Deadline
16 Nov 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Jan 2024 - 2 Jan 2027 3-4 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
CAMBRIDGESHIRE & PETERBOROUGH COMBINED AUTHORITY
Contact Name
Olufemi Kolawole
Contact Email
olufemi.kolawole@cambridgeshirepeterborough-ca.gov.uk
Contact Phone
+44 0

Buyer Location

Locality
HUNTINGDON
Postcode
PE29 3TN
Post Town
Peterborough
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
Not specified
Local Authority
Huntingdonshire
Electoral Ward
Huntingdon North
Westminster Constituency
Huntingdon

Further Information

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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