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Fund Advisory Services for Ambition North Wales Clean Energy Fund

Ambition North Wales

This public procurement record has 3 releases in its history.

Award

15 Aug 2023 at 01:00

OJEU - F3 - Contract Award Notice
TenderUpdate

28 Jul 2023 at 01:00

OJEU - F14 - Corrigendum
Tender

27 Jun 2023 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The procurement process for the Fund Advisory Services for Ambition North Wales Clean Energy Fund is being carried out by Ambition North Wales. This tender, currently in the active stage, involves seeking a Fund Advisor for two distinct stages of work. The procurement includes tasks such as market intelligence input, developing a marketing strategy, and scoping legal and advisory support for the fund. The tender deadline for submissions is set for 28th July 2023, and the bid opening will take place on the same day at Ambition North Wales' premises.

This tender presents growth opportunities for businesses in the services sector, particularly those with expertise in investment strategies and fund management. Businesses well-suited to compete would have demonstrable experience in developing investment strategies, mobilizing funds, sourcing investments, and monitoring portfolio performance. The tender, offering a contract value of £810,000, emphasises the importance of renewable energy technologies in alignment with current UK and Welsh Government energy and infrastructure strategies.

How relevant is this notice?

Notice Information

Notice Title

Fund Advisory Services for Ambition North Wales Clean Energy Fund

Notice Description

Ambition North Wales (ANW) is seeking to procure a Fund Advisor for two distinct stages of work. The first stage will involve assisting ANW with preparation for launch and will include input in the following key areas: Market intelligence input into the Investment Strategy and associated priorities to support finalisation of this Strategy; Developing a marketing strategy and a launch plan; Input into the ANW fund management plan, which can be defined as: a document which sets out the operational procedures for the Fund for it to be established, managed effectively, and deliver against the objectives for the Fund. It will provide an overview of the key activities of the Fund over the medium term, covering the set up and then ongoing operation and management of the Fund; Scoping the support required to enable an online application process channelled through ANW website; and Scoping any legal input or other external advisory support required for launch of the fund. The second stage will provide advisory support to operate the fund during the deployment period and it is envisaged this will be over a minimum 5-year contract period. The advisor will be responsible for sourcing investments, undertaking due diligence, developing investment business cases, and recommending investments for approval and then providing regular progress and monitoring reports on the performance of investments and the portfolio of the Fund. It should be noted that the investment strategy is a live document that has built-in flexibility to change throughout the life of the fund in response to changing market demand and conditions.

Lot Information

Lot 1

Open Tender

Renewal: Potential for 2 year extension

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-132574
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=132574
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award 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

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

73200000 - Research and development consultancy services

73210000 - Research consultancy services

73220000 - Development consultancy services

73300000 - Design and execution of research and development

Notice Value(s)

Tender Value
£810,000 £500K-£1M
Lots Value
£810,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Aug 20233 years ago
Submission Deadline
28 Jul 2023Expired
Future Notice Date
Not specified
Award Date
15 Aug 20233 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Cancelled
Awards Status
Unsuccessful
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Ambition North Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LLANDUDNO JUNCTION
Postcode
LL31 9RZ
Postcode Area
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
TLL11 Isle of Anglesey, TLL12 Gwynedd, TLL13 Conwy and Denbighshire, TLL23 Flintshire and Wrexham
Local Authority
Conwy
Electoral Ward
Glyn y Marl
Westminster Constituency
Bangor Aberconwy

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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