Award

Investor Ready Programme

LLYWODRAETH CYMRU / WELSH GOVERNMENT

This public procurement record has 1 release in its history.

Award

01 Nov 2022 at 10:00

S2W Notice - Website Contract Award Notice
Summary of the contracting process

The Welsh Government is awarding a 3 year contract for the Investor Ready Programme, aimed at offering financial expertise to Welsh Food & Drink businesses for sustainable growth. The procurement was awarded to Bic Innovation with a value of £896,225. The programme focuses on financial review, management information improvement, exit strategy, investment selection guidance, due diligence, capital investment project proposals, and rapid intervention for businesses in difficulty. The contract was signed on 1st November 2022.

The Investor Ready Programme tender by the Welsh Government creates opportunities for business growth, especially for consultancy firms specialised in business analysis and management consultancy services. Businesses interested in supporting Welsh Food & Drink companies in financial strategy and investment decisions would be well-suited to compete for this contract. The programme aims to enable supported businesses to make informed sustainable growth decisions and secure investments through tailored financial advice and support.

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Notice Information

Notice Title

Investor Ready Programme

Notice Description

The client is awarding a 3 year contract for the Welsh Government's Investor Programmes. The key objective of the Investor Ready programme is to offer accessible and tailored financial expertise and experience to Welsh Food & Drink businesses. The programme aims are to support Welsh Food & Drink businesses in developing robust financials (including financial models to support business strategy, management information systems and range of other financial and commercial advice), enabling those businesses to obtain investment and take informed sustainable business growth decisions. The Investor Ready programme does not replace any statutory financial duties of the supported businessesThe key delivery areas of the Investor Ready Programme will be -- Financial Review - assessing the company's current financial position through the eyes of a would-be investor;- Management Information Improvement - ensuring that the internal information systems are fit for purpose, provide management with a sound basis for decision making and give confidence to would be investors that the company has good financial controls;- Exit Strategy - advising the companies of their options and strategy in successfully transferring the business to new hands;- Investment Selection Guidance - this is reserved for the businesses having immediate and significant investment requirements and involves specialist investment advisers.- Due diligence - review of WG grant award businesses prior to first Claim- Capital Investment project proposals - detailed financial and operational support for projects seeking government and commercial support; development assistance for proposal documents with sign-off to accompany applications for support- Rapid Task Force intervention for businesses in difficulty following referral from Welsh Government Food Division- Referral and support to other Welsh Government Food Division programmes

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-126120
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=126120
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award 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

72 - IT services: consulting, software development, Internet and support

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

CPV Codes

72221000 - Business analysis consultancy services

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£896,225 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
1 Nov 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Nov 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LLYWODRAETH CYMRU / WELSH GOVERNMENT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CAERDYDD / CARDIFF
Postcode
CF10 3NQ
Post Town
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
Not specified
Local Authority
Cardiff
Electoral Ward
Cathays
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

BIC INNOVATION

Further Information

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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