Award

Growth Service for Businesses in Cambridgeshire & Peterborough Contract

CAMBRIDGESHIRE AND PETERBOROUGH BUSINESS GROWTH COMPANY

This public procurement record has 1 release in its history.

Award

19 Oct 2021 at 15:43

Summary of the contracting process

The Cambridgeshire and Peterborough Business Growth Company has completed a procurement process titled "Growth Service for Businesses in Cambridgeshire & Peterborough Contract". This contract falls within the financial and insurance services industry and was initiated to establish a growth service, including coaching, inward investment support, skills services, and grants administration. The procurement method used was a selective procedure, allowing negotiation. The award criteria focused on pricing, and the total contract value is approximately £26,840,000. The contract was signed on 2 February 2021, and is intended to enhance economic support across the Cambridgeshire and Peterborough region.

This tender presents significant opportunities for businesses engaged in financial services, consulting, and economic development. Companies capable of delivering inclusive growth services, sophisticated investment strategies, and skills training would be well-positioned to compete. With a focus on tailored delivery to meet the needs caused by the ongoing economic challenges, bidders able to demonstrate adaptability and a strong understanding of local market dynamics may thrive in this contracting process. The successful bidder will play a crucial role in facilitating investment and professional growth within the local economy.

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Notice Title

Growth Service for Businesses in Cambridgeshire & Peterborough Contract

Notice Description

This procurement is to establish a Growth service that through a prime contractor/consortia arrangement provides the following: * an inclusive coaching service to support resilience and growth, * an inward investment scheme, * a skills service, * a grants and equity investment administrative service.

Lot Information

Lot 1

This procurement is to appoint an organisation to administer -- a capital Growth Investment Fund of grants and equity investments, as well as an innovation and relocation grant. The contract is to appoint a single company or prime contractor/consortia type arrangement to support the CPCA in delivering the local industrial strategy by way of four specific areas of growth. These include: * an inclusive growth service: To engage our highest potential growth firms to better support them to accelerate their growth, increase their capacity and capability for growth, sustain their period within growth, or all three. * an inward investment service: To extend our reach into key global markets, to engage and persuade overseas firms to locate into our economy or invest in our strategic projects to increase our employment space, develop our transport infrastructure or establish a new university. * a skills service: To provide an effective brokerage between young talent and those retraining or progressing in a career, our employers and our skills providers, to improve the supply of skills to enable growth. * a capital growth or innovation and relocation grant: To co-invest with small firms in the cost of contracting experts to help either through GBP 50 000 grants or equity investments: -- to provide access to R&D funding from UK and EU agencies for new product growth and increased productivity; -- to provide access to fast-track planning, partners and investment for new build employment space. These service will be delivered in each of our three subeconomies in a tailored manner to better spread growth more evenly across our total economy. Changes since the previous notice The CPCA is procuring this contract as agent for the Cambridgeshire and Peterborough Business Growth Company (CPBGC) which is a wholly own subsidiary of the CPCA established for the sole purpose of delivering this contract. The CPCA is in the process of incorporating the CPBGC. The contract will be entered into by the successful bidder and the CPBGC. The CPCA will provide ad-hoc support to the CPBGC during the procurement process and during the term of the contract. Also, a new requirement for FCA Authorisation has been added into the SSQ stage. In addition, the procurement timescales have been extended to address the current commercial challenges surrounding the COVID-19 Pandemic. Finally, we are inviting bidders to consider in their response how they will tailor the delivery of those services (as set out in the existing specification) to take into account the current economic situation and any future, unknown business challenges the local businesses may face in the future caused by the pandemic. Further information is set out in the adaptability and future agility document.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02edaa
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/026173-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

98 - Other community, social and personal services


CPV Codes

66000000 - Financial and insurance services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

98000000 - Other community, social and personal services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£26,840,000 £10M-£100M

Notice Dates

Publication Date
19 Oct 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
2 Feb 20215 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
CAMBRIDGESHIRE AND PETERBOROUGH BUSINESS GROWTH COMPANY
Additional Buyers

EUROPEAN UNION

Contact Name
Miss Chantel Allott
Contact Email
chantel.allott@cambridgeshirepeterborough-ca.gov.uk
Contact Phone
+44 1480277180

Buyer Location

Locality
ELY
Postcode
CB7 4LS
Post Town
Cambridge
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
TLH1 East Anglia

Local Authority
East Cambridgeshire
Electoral Ward
Ely East
Westminster Constituency
Ely and East Cambridgeshire

Supplier Information

Number of Suppliers
1
Supplier Name

GEG SERVICES

Open Contracting Data Standard (OCDS)

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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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