Tender

Fund Advisory Services for Ambition North Wales Clean Energy Fund

AMBITION NORTH WALES

This public procurement record has 1 release in its history.

Tender

26 Aug 2024 at 11:57

Summary of the contracting process

Ambition North Wales, a regional authority, is actively seeking bids for Fund Advisory Services under the title "Fund Advisory Services for Ambition North Wales Clean Energy Fund". This tender, classified under the industry category of financial consultancy and related services, falls within the main procurement category of services. Located in North Wales, this procurement process is in the tender stage with key deadlines indicated by the tender period's end date on 30th September 2024 at 10:00 AM. The procurement method is an open procedure, ensuring transparency and accessibility for interested parties. The tender consists of two distinct lots: Third Sector Fund Advisor services and Private Sector Fund Advisor services, each with specified stages of work including the development of an investment strategy and advisory support during deployment.

This tender presents considerable opportunities for businesses specializing in financial consultancy, energy consultancy, or related research and development services. Companies with a proven track record in fund management, particularly within the clean energy sector, would find this project beneficial for enhancing their portfolio and expanding their service offerings. Given the requirement for highly qualified and experienced Fund Advisors, particularly those with expertise in renewable energy and decarbonisation initiatives, businesses that align with these specialties are well-positioned to benefit from this opportunity. The potential for a contract renewal of up to two additional years also provides a chance for sustained collaboration and business growth.

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Notice Title

Fund Advisory Services for Ambition North Wales Clean Energy Fund

Notice Description

We are seeking suitably qualified and experienced Fund Advisor Services for our Clean Energy Fund. Our 2025 Clean Energy Fund will aim to support initiatives across North Wales which: - help achieve renewable energy and decarbonisation targets - have an element of local ownership The Fund will also help unlock private and community investment in new energy projects

Lot Information

Third Sector Fund Advisor services

Ambition North Wales is seeking to procure a competent and experienced Fund Advisor(s)* for the Third Sector and Private Sector sub-funds. The tender consists of two separate lots for the provision of the Fund Advisor services for the two sub-funds, as per: -Lot 1: Third Sector Fund Advisor services -Lot 2: Private Sector Fund Advisor services As such, bids will be received for Lot 1 and Lot 2 separately. If a bidder is bidding for both the Third Sector and Private Sector sub-fund Fund Advisor services, they will need to submit separate responses to the required technical and commercial questions for lots 1 and 2. The Fund Advisor services for Lot 1 and Lot 2 both comprise the following two distinct stages of work: -Stage 1: The first stage will involve supporting the development of the investment strategy for the sub-fund and assisting with preparation for launch. -Stage 2: The second stage will focus on advisory support to operate the sub-fund during the deployment period. Progression to stage 2 of the contract is dependent on: - 3.1.1. performance in stage 1 of the contract, and - 3.1.2. Economic Ambition Board's approval of the Fund Investment Strategy, Fund Management Plan and Fund Communication and Engagement Strategy that will form part of Ambition North Wales' Full Business Case submission.

Renewal: possible extension of two years

Private Sector Fund Advisor services

Ambition North Wales is seeking to procure a competent and experienced Fund Advisor(s)* for the Third Sector and Private Sector sub-funds. The tender consists of two separate lots for the provision of the Fund Advisor services for the two sub-funds, as per: -Lot 1: Third Sector Fund Advisor services -Lot 2: Private Sector Fund Advisor services As such, bids will be received for Lot 1 and Lot 2 separately. If a bidder is bidding for both the Third Sector and Private Sector sub-fund Fund Advisor services, they will need to submit separate responses to the required technical and commercial questions for lots 1 and 2. The Fund Advisor services for Lot 1 and Lot 2 both comprise the following two distinct stages of work: -Stage 1: The first stage will involve supporting the development of the investment strategy for the sub-fund and assisting with preparation for launch. -Stage 2: The second stage will focus on advisory support to operate the sub-fund during the deployment period. Progression to stage 2 of the contract is dependent on: - 3.1.1. performance in stage 1 of the contract, and - 3.1.2. Economic Ambition Board's approval of the Fund Investment Strategy, Fund Management Plan and Fund Communication and Engagement Strategy that will form part of Ambition North Wales' Full Business Case submission.

Renewal: Possible extension of two years

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0493ef
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027202-2024
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

65 - Public utilities

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

73 - Research and development services and related consultancy services


CPV Codes

65400000 - Other sources of energy supplies and distribution

66170000 - Financial consultancy, financial transaction processing and clearing-house services

71314000 - Energy and related services

71314200 - Energy-management services

71314300 - Energy-efficiency consultancy services

73000000 - Research and development services and related consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
26 Aug 20241 years ago
Submission Deadline
30 Sep 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
AMBITION NORTH WALES
Contact Name
Sara Jones
Contact Email
sarajones@uchelgaisgogledd.cymru
Contact Phone
+44 1248672323

Buyer Location

Locality
LLANDUDNO JUNCTION
Postcode
LL31 9RZ
Post Town
Llandudno
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL3 North Wales
Small Region (ITL 3)
TLL33 Conwy and Denbighshire
Delivery Location
TLL Wales, TLL11 Isle of Anglesey

Local Authority
Conwy
Electoral Ward
Glyn y Marl
Westminster Constituency
Bangor Aberconwy

Open Contracting Data Standard (OCDS)

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