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Equity Fund Feasibility Study

West Yorkshire Combined Authority

This public procurement record has 1 release in its history.

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26 Oct 2026 at 15:11

UK7 - Contract Details Notice
Summary of the contracting process

West Yorkshire Combined Authority commissioned a research consultancy study into whether a cross-regional venture capital fund could be established for the South, West, and York and North Yorkshire Mayoral Strategic Authorities. The proposed fund would provide finance to early-stage businesses to support innovation and growth. The work is to assess the feasibility of the fund and report its findings; it is consultancy and research rather than the provision of investment capital. Delivery is in the West Yorkshire region. The study concerns a joint strategic authority initiative, with West Yorkshire Combined Authority acting as the buyer.

The procurement is complete and the contract has been awarded to Metro Dynamics Limited. The buyer used a limited competition below the applicable threshold. The award is for one lot; no evaluation criteria are stated in the published procurement details. The contract was signed on 1 October 2026 and runs from 2 October 2026 to 22 January 2027. Its stated value is £49,948 excluding VAT, or £59,937 including VAT. The award is recorded as active, and the contract is also active.

For a future study of this requirement, credible suppliers would need to demonstrate research consultancy capability in assessing the feasibility of a cross-regional venture capital fund, including its potential role in financing early-stage businesses and supporting innovation and growth. The work calls for an understanding of the South, West, and York and North Yorkshire Mayoral Strategic Authorities and the ability to produce a report relevant to their shared strategic aims. Metro Dynamics Limited, an SME, was selected through a limited competition, showing that a specialist consultancy was able to deliver the requirement at a relatively contained scale. Relevant experience would include public-sector strategy and investment research, with the capacity to work across multiple regional authorities and turn analysis into a clear feasibility assessment.

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Notice Information

Notice Title

Equity Fund Feasibility Study

Notice Description

The South, West, and York and North Yorkshire Mayoral Strategic Authorities (MSAs) are looking to commission a report into the feasibility of establishing a cross-regional venture capital fund to support early-stage businesses with finance to enable innovation and growth.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-07905d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/101128-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73210000 - Research consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£49,948 Under £100K

Notice Dates

Publication Date
26 Oct 2026Today
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Oct 2026 - 22 Jan 2027 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
West Yorkshire Combined Authority
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 2DE
Postcode Area
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Little London & Woodhouse
Westminster Constituency
Leeds Central and Headingley

Supplier Information

Number of Suppliers
1
Supplier Name

Metro Dynamics

Further Information

Notice Documents

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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