Notice Information
Notice Title
Liverpool City Region Seed Fund: Fund Manager
Notice Description
Liverpool City Region Combined Authority: Liverpool City Region Seed Fund Please note that as per I.3. Communication above, the tender documents are not yet accessible on the Chest; the intended issue date is 15 April 2024. Further information regarding this requirement is detailed below at II.2.4. Description of the procurement (nature and quantity of works, supplies or services or indication of needs and requirements)
Lot Information
Lot 1
Liverpool City Region Combined Authority: Liverpool City Region Seed Fund Background: Led by the Metro Mayor, Steve Rotheram, the Combined Authority has prioritised innovation, enterprise and entrepreneurship to drive economic growth and create high value jobs. Liverpool City Region is backing innovators with great ideas and world-class products - turning them into high-growth businesses that offer quality jobs and add to UK plc's bottom line. Liverpool City Region has one of the UK's most developed place-based innovation eco-systems. However, despite high business birth rates, Liverpool City Region has relatively low levels of high growth enterprises. This is in part due to a lack of finance at the crucial seed stage of investment. Research commissioned by Liverpool City Region Combined Authority indicates that 'providers of Seed Fund investment in Liverpool City Region are limited' despite a strong pipeline of demand. Liverpool City Region Combined Authority has committed to investing in the LCR Seed Fund. The Combined Authority is leading on the procurement and selection of a Fund Manager. This forms part of a wider programme of activity to stimulate the growth of early-stage businesses with high-growth potential. The Liverpool City Region Seed Fund will invest in businesses with high growth potential in return for equity stake. The Fund will focus on investment opportunities in the Liverpool City Region clusters of opportunity. * Advanced Manufacturing * Health and Life Sciences * Digital and Creative The CA will be the founding partner in the Seed Fund and provide a commitment of PS10m. There is an ambition to leverage additional private investment to maximise the impacts of the Fund. Brief Description of Requirement: The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to meet the objectives of the Fund. This will include consideration of the scale of Fund, options to leverage additional investment and proposals to embed activity in the Liverpool City Region Innovation Eco-System. Expressions of Interest: At this time LCRCA is seeking to make the market aware of the opportunity and we welcome interested parties to respond with an expression of interest to this notice by emailing Tender@liverpoolcityregion-ca.gov.uk and john.willis@liverpoolcityregion-ca.gov.uk. Deadline 18.00 7th March
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-043c70
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/005942-2024
- Current Stage
- Planning
- All Stages
- Planning
Procurement Classification
- Notice Type
- Planning Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Not Specified
- Procurement Method Details
- Not specified
- Tender Suitability
- Not specified
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66000000 - Financial and insurance services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 23 Feb 20242 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- 14 Apr 2024Expired
- Award Date
- Not specified
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Planned
- Lots Status
- Planned
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- LCRCA
- Contact Name
- Procurement Team
- Contact Email
- tender@liverpoolcityregion-ca.gov.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- LIVERPOOL
- Postcode
- L3 1BP
- Post Town
- Liverpool
- Country
- England
-
- Major Region (ITL 1)
- TLD North West (England)
- Basic Region (ITL 2)
- TLD7 Merseyside
- Small Region (ITL 3)
- TLD72 Liverpool
- Delivery Location
- TLD7 Merseyside
-
- Local Authority
- Liverpool
- Electoral Ward
- Waterfront South
- Westminster Constituency
- Liverpool Riverside
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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.
{
"tag": [
"compiled"
],
"id": "ocds-h6vhtk-043c70-2024-02-23T11:52:59Z",
"date": "2024-02-23T11:52:59Z",
"ocid": "ocds-h6vhtk-043c70",
"initiationType": "tender",
"tender": {
"id": "DN712624",
"legalBasis": {
"id": "32014L0024",
"scheme": "CELEX"
},
"title": "Liverpool City Region Seed Fund: Fund Manager",
"status": "planned",
"classification": {
"scheme": "CPV",
"id": "66000000",
"description": "Financial and insurance services"
},
"mainProcurementCategory": "services",
"description": "Liverpool City Region Combined Authority: Liverpool City Region Seed Fund Please note that as per I.3. Communication above, the tender documents are not yet accessible on the Chest; the intended issue date is 15 April 2024. Further information regarding this requirement is detailed below at II.2.4. Description of the procurement (nature and quantity of works, supplies or services or indication of needs and requirements)",
"lots": [
{
"id": "1",
"description": "Liverpool City Region Combined Authority: Liverpool City Region Seed Fund Background: Led by the Metro Mayor, Steve Rotheram, the Combined Authority has prioritised innovation, enterprise and entrepreneurship to drive economic growth and create high value jobs. Liverpool City Region is backing innovators with great ideas and world-class products - turning them into high-growth businesses that offer quality jobs and add to UK plc's bottom line. Liverpool City Region has one of the UK's most developed place-based innovation eco-systems. However, despite high business birth rates, Liverpool City Region has relatively low levels of high growth enterprises. This is in part due to a lack of finance at the crucial seed stage of investment. Research commissioned by Liverpool City Region Combined Authority indicates that 'providers of Seed Fund investment in Liverpool City Region are limited' despite a strong pipeline of demand. Liverpool City Region Combined Authority has committed to investing in the LCR Seed Fund. The Combined Authority is leading on the procurement and selection of a Fund Manager. This forms part of a wider programme of activity to stimulate the growth of early-stage businesses with high-growth potential. The Liverpool City Region Seed Fund will invest in businesses with high growth potential in return for equity stake. The Fund will focus on investment opportunities in the Liverpool City Region clusters of opportunity. * Advanced Manufacturing * Health and Life Sciences * Digital and Creative The CA will be the founding partner in the Seed Fund and provide a commitment of PS10m. There is an ambition to leverage additional private investment to maximise the impacts of the Fund. Brief Description of Requirement: The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to meet the objectives of the Fund. This will include consideration of the scale of Fund, options to leverage additional investment and proposals to embed activity in the Liverpool City Region Innovation Eco-System. Expressions of Interest: At this time LCRCA is seeking to make the market aware of the opportunity and we welcome interested parties to respond with an expression of interest to this notice by emailing Tender@liverpoolcityregion-ca.gov.uk and john.willis@liverpoolcityregion-ca.gov.uk. Deadline 18.00 7th March",
"status": "planned"
}
],
"items": [
{
"id": "1",
"deliveryAddresses": [
{
"region": "UKD7"
}
],
"relatedLot": "1"
}
],
"communication": {
"futureNoticeDate": "2024-04-15T00:00:00+01:00"
}
},
"parties": [
{
"id": "GB-FTS-105939",
"name": "LCRCA",
"identifier": {
"legalName": "LCRCA"
},
"address": {
"streetAddress": "1 Mann Island",
"locality": "Liverpool",
"region": "UKD7",
"postalCode": "L3 1BP",
"countryName": "United Kingdom"
},
"contactPoint": {
"name": "Procurement Team",
"email": "tender@liverpoolcityregion-ca.gov.uk",
"url": "https://www.the-chest.org.uk"
},
"roles": [
"buyer"
],
"details": {
"url": "https://www.liverpoolcityregion-ca.gov.uk/",
"buyerProfile": "https://www.liverpoolcityregion-ca.gov.uk/",
"classifications": [
{
"scheme": "TED_CA_TYPE",
"id": "REGIONAL_AUTHORITY",
"description": "Regional or local authority"
},
{
"scheme": "COFOG",
"id": "01",
"description": "General public services"
}
]
}
}
],
"buyer": {
"id": "GB-FTS-105939",
"name": "LCRCA"
},
"language": "en"
}