Award

Tender for Group Legal Services 2024

NORTH EAST ACCESS TO FINANCE LIMITED

This public procurement record has 2 releases in its history.

Award

02 Dec 2024 at 11:00

Award Notice
Tender

05 Sep 2024 at 12:02

Tender Notice
Summary of the contracting process

North East Access to Finance Limited (NEA2F) has concluded the procurement process for the "Tender for Group Legal Services 2024" aimed at providing legal services to NEA2F and its group companies, including North East Finance Holdco Limited. This procurement falls within the legal services industry category (CPV 79100000) and was conducted as an open procedure below the threshold. The three-year contract, valued at £60,000, commenced in November 2024 and will run until the end of October 2027, with the option to terminate with three months' notice. The award was made to Ward Hadaway LLP, and the contract involves a mix of general commercial and specialised legal advice related to public sector investment funds. The location for service delivery is North East England, specifically Gateshead, NE8 3DF. The tendering process began with publication on 5 September 2024 and closed on 10 October 2024, followed by the award announcement on 5 November 2024.

This tender presents significant opportunities for law firms experienced in providing both general commercial legal services and specialised advice related to public sector investment funds. Firms participating in such tenders can expand their client base, particularly within the public sector, and enhance their market presence in North East England. Businesses with expertise in managing legal aspects of investment funds and public sector finances are well-suited for this contract. Collaborating with a public sector entity like NEA2F, involved in substantial financial oversight and strategic planning for investment funds, can lead to long-term business growth and the potential for future contracts as the organisation continues to support SME funding initiatives in the region.

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Notice Information

Notice Title

Tender for Group Legal Services 2024

Notice Description

We are inviting law firms to tender to provide legal services to NEA2F and its group companies including North East Finance Holdco Limited. We will need a mixture of general commercial advice and more specialised advice relating to public sector investment funds. Details of the application process and the full specification of requirements are set out in the Invitation to Tender document. This is a sub-threshold procurement for a three year contract, commencing November 2024. The contract term could be extended, but we will have the right to terminate on three months' notice. We reserve the right to procure other legal support if necessary. NEA2F's remit includes: * Stewardship of returns from publicly backed investment funds in North East England, including overseeing fund realisations. * Working with stakeholders and policy makers to provide a co-ordinated strategy on Access to Finance in North East England. * Planning and supporting the implementation of new funds to ensure continuity of provision in the region. * Overseeing the re-deployment of legacy returns from investment funds in the region into new funds and initiatives to support SMEs. The group includes North East Finance Holdco Limited, the holding fund manager for the Finance for Business North East Fund. This fund invested PS160m in SMEs across North East England and our focus is now on realising these investments and generating a cash legacy to fund future investment programmes.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e8132b2c-e857-4649-b459-5e0ddab72c51
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c2bb2fd9-dd70-4361-80a8-b962c11d032b
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Dec 20241 years ago
Submission Deadline
10 Oct 2024Expired
Future Notice Date
Not specified
Award Date
5 Nov 20241 years ago
Contract Period
5 Nov 2024 - 4 Nov 2027 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
NORTH EAST ACCESS TO FINANCE LIMITED
Contact Name
James Arkless
Contact Email
james.arkless@nea2f.co.uk
Contact Phone
0191 499 8552

Buyer Location

Locality
GATESHEAD
Postcode
NE8 3DF
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
Not specified
Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

Supplier Information

Number of Suppliers
1
Supplier Name

WARD HADAWAY

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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