Planning

SME Holding Fund - procurement of Fund Managers (Delivery Agents)

SCOTTISH GOVERNMENT

This public procurement record has 1 release in its history.

Planning

13 Feb 2018 at 00:00

OJEU - F1 - Prior Information Notice
Summary of the contracting process

The Scottish Government is planning to procure Fund Managers (Delivery Agents) for the SME Holding Fund, which focuses on providing financial support to Small and Medium-sized Enterprises (SMEs) with growth and export potential. This procurement process is currently in the Planning stage and includes several funding categories: microfinance (loans up to £25,000), debt (loans ranging from £25,000 to £1 million), and equity (investment up to £2 million per SME, with a maximum deal ceiling of £10 million). Interested parties should note that an Open Day is scheduled for 11th April 2018, and registration is required by 4th April 2018 for attendance at the event taking place in Glasgow. The allocation for successful bidders is estimated at £75 million to £105 million, for investment over a three-year period starting from August 2018.

This tender presents significant opportunities for financial institutions and funds focused on microfinance, debt provision, and equity investment to connect with the SME sector in Scotland. Businesses with expertise in managing investment portfolios, particularly those experienced in working with small and medium enterprises that are focused on growth, would be well-suited to compete in this procurement. By engaging with the Scottish Government, successful bidders will not only gain access to substantial funding but also contribute to the growth of SMEs, making a positive impact on the local economy.

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Notice Information

Notice Title

SME Holding Fund - procurement of Fund Managers (Delivery Agents)

Notice Description

The SME Holding Fund is a Fund-of-Funds managed by Scottish Government which invests in microfinance, debt and early stage equity funds which further invest in Small and Medium-sized Enterprises (see European Commission definition at: http://ec.europa.eu/growth/smes/business-friendly-environment/sme-definition_en) with growth and/or export potential. The SME Holding Fund is part-financed by the European Regional Development Fund from the 2014-2020 European Structural Funds Programmes in Scotland. There will be an Open Day for this requirement on Wednesday 11th April 2018, the details of which are included below and the invitation form is included within additional documents as part of this PIN Notice. Please contact Paul Packett at paul.packett@gov.scot by 4th April 2018 should you wish to attend. Open Day is booked for 11th April 2018, 12.30-15.00 at Scottish Government 5 Atlantic Quay 150 Broomielaw GLASGOW G2 8LU

Lot Information

microfinance

We intend to appoint envisage one Delivery Agent in the microfinance lot, managing a microfinance fund on our behalf lending up to 25,000 to businesses employing less than 10 staff;

equity

We intend to appoint 2 Delivery Agents in the equity lot who will manage funds which provide equity finance to SMEs with high growth potential, investing equity finance in amounts of up to 2 million and within a maximum deal ceiling of 10 million

debt

We intend to appoint 2 Delivery Agents in the debt lot, one managing a fund which provides loans in the range 25,000 GBP - 100,000 GBP to SMEs and the other managing a fund which provides loans in the range 100,000 to 1 million GBP to SMEs

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000529456
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB310129
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
OJEU - F1 - Prior Information 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

66 - Financial and insurance services

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

CPV Codes

66171000 - Financial consultancy services

79412000 - Financial management 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
13 Feb 20188 years ago
Submission Deadline
Not specified
Future Notice Date
2 Jul 2018Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SCOTTISH GOVERNMENT
Contact Name
Ian Whitelaw
Contact Email
ian.whitelaw@gov.scot
Contact Phone
+44 1312445522

Buyer Location

Locality
EDINBURGH
Postcode
EH6 6QQ
Post Town
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM Scotland
Local Authority
City of Edinburgh
Electoral Ward
Leith
Westminster Constituency
Edinburgh North and Leith

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB310129
    SME Holding Fund - procurement of Fund Managers (Delivery Agents) - The SME Holding Fund is a Fund-of-Funds managed by Scottish Government which invests in microfinance, debt and early stage equity funds which further invest in Small and Medium-sized Enterprises (see European Commission definition at: http://ec.europa.eu/growth/smes/business-friendly-environment/sme-definition_en) with growth and/or export potential. The SME Holding Fund is part-financed by the European Regional Development Fund from the 2014-2020 European Structural Funds Programmes in Scotland. There will be an Open Day for this requirement on Wednesday 11th April 2018, the details of which are included below and the invitation form is included within additional documents as part of this PIN Notice. Please contact Paul Packett at paul.packett@gov.scot by 4th April 2018 should you wish to attend. Open Day is booked for 11th April 2018, 12.30-15.00 at Scottish Government 5 Atlantic Quay 150 Broomielaw GLASGOW G2 8LU

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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