Tender

Offshore Wind Tech Investment Fund Manager

OFFSHORE RENEWABLE ENERGY CATAPULT

This public procurement record has 1 release in its history.

Tender

05 Nov 2019 at 08:45

Tender Notice
Summary of the contracting process

The Offshore Renewable Energy Catapult is conducting a competitive procurement process for the position of Offshore Wind Tech Investment Fund Manager, with a focus on banking and investment services. This tender is currently in the Tender stage, set to close on 9 December 2019. The contract is expected to run from 17 February 2020 to 16 January 2034, with delivery options available across various regions including the United Kingdom, British Overseas Territories, and Europe.

This opportunity presents significant growth potential for UK-based fund managers, particularly those accredited by the Financial Conduct Authority (FCA). Companies offering investment banking services and related expertise will find this tender particularly relevant. The selected manager will play a crucial role in designing and managing the Offshore Wind Tech Investment Fund, involving close collaboration with the ORE Catapult and the British Business Bank. This engagement will not only enhance the winning bidder's market presence but also contribute to the advancement of the offshore wind sector in the UK.

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Notice Information

Notice Title

Offshore Wind Tech Investment Fund Manager

Notice Description

The ORE Catapult is seeking a Offshore Wind Tech Investment Fund ("OWTIF") Manager to design, deliver, administer and financially manage the OWTIF. The OWTIF Manager must be a UK based Financial Conduct Authority ("FCA") approved fund manager. The OWTIF Manager shall collaborate with the ORE Catapult to submit an application to the BBB ECF fund. The OWTIF Manager shall serve as the primary contact between the ORE Catapult, British Business Bank ("BBB"), portfolio companies and prospects. This Invitation to Participate ("ITP") has been issued by ORE Catapult as part of a competitive procurement exercise in accordance with the "Competitive procedure with Negotiation" for tendering under the Public Contracts Regulations 2015 (as amended from time to time). The "Competitive procedures with Negotiation" may take place in successive stages in order to reduce the number of tenders to be negotiated by applying the award criteria specified in the evaluation criteria as published in the ITP document. The minimum requirements and the award criteria shall not be subject to negotiation. The ORE Catapult reserve the right to award the contract on the basis of the initial tenders without negotiation Additional information: The procurement documents are available for unrestricted and full direct access, free of charge, at: https://procontract.due-north.com

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e8c29183-bfec-43c9-b3ec-2cbef4d149ae
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e1952860-39cd-48a2-a16f-c022297abb96
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
5 Nov 20196 years ago
Submission Deadline
9 Dec 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
17 Feb 2020 - 16 Jan 2034 Over 5 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
OFFSHORE RENEWABLE ENERGY CATAPULT
Contact Name
Gillian Sharp
Contact Email
procurement@ore.catapult.org.uk
Contact Phone
+44 3330041419

Buyer Location

Locality
BLYTH
Postcode
NE24 1LZ
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)
TLC42 Northumberland
Delivery Location
Not specified
Local Authority
Northumberland
Electoral Ward
Croft
Westminster Constituency
Blyth and Ashington

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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