Award

Contract for the Provision of Due Dilligence Services for The Growth Fund (TGF)

GATESHEAD COUNCIL

This public procurement record has 3 releases in its history.

Award

27 Nov 2020 at 09:19

TenderAmendment

22 Sep 2020 at 12:09

Tender

22 Sep 2020 at 11:54

Summary of the contracting process

Gateshead Council is conducting a procurement process for a contract titled "Contract for the Provision of Due Diligence Services for The Growth Fund (TGF)", aimed at supporting the administration of a new grant programme for SMEs across Gateshead, South Tyneside, and Sunderland. The procurement is currently in the award stage, with a contract value of £80,000 and a contract period from 5th November 2020 to 30th June 2023. The tender was published on 22nd September 2020, with a submission deadline that has since passed on 13th October 2020. The procurement process was carried out via an open procedure, ensuring accessibility for interested suppliers within the services industry, particularly in management consultancy and auditing services.

This opportunity has the potential to foster growth for businesses specialising in due diligence, financial consulting, or grant management, particularly those operating as small and medium enterprises (SMEs) or voluntary and community sector organisations. Successful participants will not only provide valuable insights to Gateshead Council and its partners but will also enhance their visibility and reputation within the local governance landscape, making it an ideal opportunity for consultants and advisory firms with a focus on public sector engagements.

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Notice Title

Contract for the Provision of Due Dilligence Services for The Growth Fund (TGF)

Notice Description

Gateshead Council is seeking to appoint an organisation to provide due diligence services to assist the Council and its delivery partner in administering The Growth Fund (TGF). The Growth Fund is a new grant programme for SMEs in Gateshead, South Tyneside and Sunderland local authority areas for capital investment projects to stimulate and enable sustainable business growth and is funded by the England European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Growth Fund is being delivered by Gateshead Council in partnership with UMi Limited. The successful tenderer will be required to carry out due diligence on grant applications that have been approved in principle by TGF Investment Panel, documenting its findings in a written report and providing a recommendation to Gateshead Council and UMi. The specific services to be provided will be as follows: * Provision of financial, due diligence, grant and state aid advice to UMi, TGF Investment Panel and Gateshead Council in connection with TGF. * Attendance at TGF Investment Panel meetings (in a non-voting capacity) with the Investment Panel normally meeting every 2 months or more frequently if necessary. Meetings will be held either in person or via video conference, according to the prevailing circumstances at the time. * Carrying out due diligence appraisals of grant applications approved in-principle by TGF Investment Panel * Preparation of a written report on each grant application, in accordance with the scope * As and when required in connection with TGF: - Advice on an ad-hoc basis in addition to advising on the points outlined in the written reports. - Provision of case-specific advice on grant applications to ensure potential issues and risks are identified and addressed quickly. - Attendance at Panel meetings to provide technical advice - Delivery of financial training to the project delivery team in order to share best practice and specialist insight. Additional information: This process is being managed electronically through the Councils e-tendering system. Tender documentation is only available through the e-tendering system and bids must only be submitted using this system. To register interest in this contract and to obtain the relevant documents please go to www.nepo.org. The contract reference is DN484247. If you require assistance with the website or registration process please contact the System Support Team on 0330 0050352 or ProContractSuppliers@proactis.com

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dbef8138-ab8b-4e59-8459-b85961f04c6e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/513bc580-0586-4113-931a-e74f71da6d94
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 (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212000 - Auditing services

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£80,000 Under £100K
Lots Value
Not specified
Awards Value
£80,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Nov 20205 years ago
Submission Deadline
13 Oct 2020Expired
Future Notice Date
Not specified
Award Date
24 Nov 20205 years ago
Contract Period
24 Nov 2020 - 30 Jun 2023 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
GATESHEAD 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
GATESHEAD
Postcode
NE8 1HH
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)

Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

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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