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Growth Investment Support Services Framework

Scottish Enterprise

This public procurement record has 5 releases in its history.

Award

23 Oct 2024 at 16:27

Award Notice
TenderUpdate

17 Apr 2024 at 16:59

Tender Notice
Tender

14 Mar 2024 at 15:41

Tender Notice
Award

08 Mar 2022 at 08:44

Award Notice
Tender

07 Dec 2021 at 16:55

Tender Notice
Summary of the contracting process

Scottish Enterprise recently completed the procurement process for the "Growth Investment Support Services Framework" aimed at appointing up to 4 suppliers to provide periodic expert support in various investment management, accounting, and corporate finance interventions. The procurement, initiated in March 2024, covers the services category under CPV classification 79412000 (Financial management consultancy services). The framework, which spans the UKM region, was split into two lots: "Bespoke Investments" and "Core Funding Investments". Notably, the award for the Bespoke Investments lot, valued at GBP 800,000, was granted to PricewaterhouseCoopers, while the Core Funding Investments lot, valued at GBP 200,000, was awarded to Henderson Loggie LLP, Grant Thornton UK LLP, and Chiene + Tait LLP. The procurement followed an open procedure and adhered to the GPA agreement.

This framework presents substantial opportunities for consultancy firms and financial management experts, particularly those with significant market knowledge and experience in Scotland's growth sectors and SMEs. Suppliers will engage in specialised projects requiring swift and expert execution to avoid commercial delays and optimise outcomes. The framework ensures that the Growth Investments team has continuous access to high-level expertise, fostering business growth and market intelligence. Ideal candidates for these opportunities include firms with robust capacity, comprehensive understanding of project requirements, and proven investment market insights.

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Notice Information

Notice Title

Growth Investment Support Services Framework

Notice Description

The purpose of this ITT is to appoint an anticipated number of up to 4 suppliers over 2 Lots to deliver periodic expert support a range of different investment management, accounting, and corporate finance interventions as detailed in the Scope of Services section in the Invitation To Tender.

Lot Information

Bespoke Investments

The Growth Investments (GI) team has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the team in the delivery of time-critical activities across all areas of the business. Successful delivery of GI's objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the GI team has immediate access to specialist expertise as and when required. The work covered under the framework will cover a range of different investment management, accounting, and corporate finance interventions across all areas of GI. Lot 1 will be a single supplier Lot which will cover the more complex instructions which would typically be of a value around GBP50k and above where the deal is outwith our equity funds and where SE is a co-lead or sole investor. Additional information: Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: This framework will be for an initial period of 36 months with the option to extend for a further 12 months if required

Core Funding Investments

The Growth Investments (GI) team has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the team in the delivery of time-critical activities across all areas of the business. Successful delivery of GI's objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the GI team has immediate access to specialist expertise as and when required. The work covered under the framework will cover a range of different investment management, accounting, and corporate finance interventions across all areas of GI. Lot 2 will be appointed to up to 3 suppliers Lot which will cover the lower value, more frequent pieces of work. Additional information: Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: The framework will be for an initial period of 36 months with the option to extend for a further 12 months if required.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02fe46
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/034367-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66122000 - Corporate finance and venture capital services

66171000 - Financial consultancy services

79400000 - Business and management consultancy and related services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
£440,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£1,440,000 £1M-£10M

Notice Dates

Publication Date
23 Oct 20241 years ago
Submission Deadline
18 Apr 2024Expired
Future Notice Date
Not specified
Award Date
16 Feb 20224 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Enterprise
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BATHGATE
Postcode
EH48 2GN
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM14 West Lothian
Delivery Location
TLM Scotland
Local Authority
West Lothian
Electoral Ward
Bathgate
Westminster Constituency
Bathgate and Linlithgow

Supplier Information

Number of Suppliers
8
Supplier Names

Brian Scouler

Chiene + Tait LLP

Dempster Solutions Limited

Grant Thornton UK LLP

Henderson Loggie

Henderson Loggie LLP

PricewaterhouseCoopers

Teneo Financial Advisory Limited

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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