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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 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

Ambition North Wales is inviting tenders for Fund Advisory Services for their Clean Energy Fund, focusing on supporting renewable energy and decarbonisation initiatives across North Wales. The procurement process, currently at the tender stage, is open with an end date for submissions set at 30th September 2024. This procurement, which falls under the services category, will employ an open procedure, allowing electronic submissions through the Sell2Wales website. The contract will span 1080 days with a potential extension of two years. The project will see the engagement of fund advisors who will support the development and operationalisation of investment strategies, aimed at driving considerable private and community investments into new energy projects.

This tender presents significant growth opportunities for businesses experienced in fund advisory, particularly those engaged in the renewable energy sector. The project seeks firms capable of providing strategic investment support and operational advisory services to both third sector and private sector funds. Companies with strong credentials in managing similar funds and those possessing a deep understanding of local ownership models in energy projects would be well-suited to compete. By securing this contract, businesses can expand their footprint in the growing clean energy market and collaborate closely with local authorities to achieve substantial environmental and economic impacts in North Wales.

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Notice Information

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

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-144060
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=144060
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
OJEU - F2 - Contract 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 20242 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

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
TLL Wales, TLL11 Isle of Anglesey
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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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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