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Fund Management Services for the Scottish Government as part of the Scottish Growth Scheme

Scottish Government

This public procurement record has 2 releases in its history.

TenderUpdate

06 Jun 2018 at 01:00

OJEU - F14 - Corrigendum
Tender

31 May 2018 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The Scottish Government is currently conducting a tender for "Fund Management Services as part of the Scottish Growth Scheme," aimed at appointing fund managers to oversee microfinance, debt, and equity fund management services for the SME Holding Fund. This procurement falls under the services category and is located in Glasgow, UK. Key dates include a submission deadline extended to 10th July 2018, with the anticipated bid opening on the same date and an award period commencing thereafter. The procurement method is an open procedure, allowing for a wide range of entities to participate.

This tender presents significant opportunities for businesses involved in financial services, particularly those focusing on microfinance and equity investment for SMEs. Companies that have the requisite experience in fund management and demonstrate compliance with the financial and technical standards outlined in the tender are well-placed to compete. Additionally, businesses with capabilities in delivering community benefits and job creation initiatives will find this project especially relevant, as the fund aims to generate jobs within smart specialisation sectors across Scotland.

How relevant is this notice?

Notice Information

Notice Title

Fund Management Services for the Scottish Government as part of the Scottish Growth Scheme

Notice Description

The Scottish Ministers are seeking to appoint fund managers to deliver microfinance, debt, and equity fund management services for the SME Holding Fund, a Fund-of-Funds which is part financed by the European Regional Development Fund and the 2014-2020 European Structural and Investment Fund Programmes in Scotland) The allocation of funding can be aloocated within the tender documents.

Lot Information

Microfinance

The Scottish Government are seeking to appoint a fund manager who will provide lending in the range up to 25,000 to start-ups and SMEs with growth ambitions employing less than 10 staff

Debt

We are seeking to appoint a maximum of three fund managers who will provide lending to SMEs with growth and/or export potential in the following ranges: 25,000 - 100,000; and 100,000 - 1 million.

Early Stage Equity

We are seeking to appoint a maximum of two fund managers who will provide equity investment of 20,000 - 2 million within a deal ceiling of 10 million to SMEs with high growth and export potential.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000543888
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN321667
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
OJEU - F14 - Corrigendum
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

66 - Financial and insurance services

CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£9,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jun 20188 years ago
Submission Deadline
5 Jul 2018Expired
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
Scottish 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
GLASGOW
Postcode
G2 8LG
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN320819
    Fund Management Services for the Scottish Government as part of the Scottish Growth Scheme - The Scottish Ministers are seeking to appoint fund managers to deliver microfinance, debt, and equity fund management services for the SME Holding Fund, a Fund-of-Funds which is part financed by the European Regional Development Fund and the 2014-2020 European Structural and Investment Fund Programmes in Scotland) The allocation of funding can be aloocated within the tender 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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