Business Growth and Social Impact Investment Fund Management

Contract Timeline

Publication Date

17th October 2023 15:03:29 PM

Tender Deadline

16th November 2023 12:00:00 PM   Expired

Contract Summary

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 £100,000-£500,000 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 £75,000 to support third-sector businesses and organisations.

Contract Details

Open Contracting ID

ocds-b5fd17-d84c6006-070e-4af6-84a2-81701fbbfce4

Publication Source

Contracts Finder

Procurement Stage

Tender

Procurement Method

Open

Procurement Method Details

Open Procedure

Procurement Category

Services

Tender Suitability

SME VCSE

Framework / DPS

Contract Classification

CPV Code(s)

79000000

CPV Division(s)

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

Awarding Authority

CAMBRIDGESHIRE & PETERBOROUGH COMBINED AUTHORITY

Buyer Name

Olufemi Kolawole

Buyer Email

Olufemi.Kolawole@cambridgeshirepeterborough-ca.gov.uk

Buyer Phone

+44 0

Buyer Address

Cambridgeshire & Peterborough Combined Authority, 2nd floor, Pathfinder House, St Mary's Street

Huntingdon

PE29 3TN

England