Tender

Listed Shares Broker Service Framework

SCOTTISH ENTERPRISE

This public procurement record has 1 release in its history.

Tender

28 Jul 2021 at 00:00

Summary of the contracting process

Scottish Enterprise is seeking providers for the "Listed Shares Broker Service Framework," aimed at managing a portfolio of listed shares valued at approximately £50 million. Located in Glasgow, this procurement falls under the services category and is currently in the Tender stage, with submissions due by 16th August 2021. The purchasing method is an open procedure, allowing for a wide range of applications, and proposals can be submitted electronically via the designated portal.

This tender presents significant opportunities for businesses involved in financial services, particularly those specialising in brokerage, investment management, and stock trading. Companies that are registered with the Financial Conduct Authority (FCA) or an equivalent body, and who possess expertise in managing large investment portfolios, would find themselves ideally positioned to compete. The framework agreement may lead to ongoing work over up to 48 months, expanding the prospects for sustained business growth in the dynamic financial sector.

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Notice Title

Listed Shares Broker Service Framework

Notice Description

The Growth Investments Team within Scottish Enterprise has a portfolio of listed shares, which will require to be sold down over the coming years to provide future income for Scottish Enterprise. The current listed share portfolio comprises of four main holdings, listed on the New York, London, NASDAQ and AIM markets respectively and with a current net book value of c. GBP50m. This proposed framework will encompass the current listed share portfolio and any future listed shares that Scottish Enterprise may own as a result of its investment activities into early stage Scottish private companies.

Lot Information

Lot 1

The Growth Investments Team within Scottish Enterprise has a portfolio of listed shares, which will require to be sold down over the coming years to provide future income for Scottish Enterprise. The current listed share portfolio comprises of four main holdings, listed on the New York, London, NASDAQ and AIM markets respectively and with a current net book value of c. GBP50m. This proposed framework will encompass the current listed share portfolio and any future listed shares that Scottish Enterprise may own as a result of its investment activities into early stage Scottish private companies.

Renewal: Initial period of the Framework will be for 36 months with the option to extend by 1 period of 12 months.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000661837
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL422318
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
PCS Notice - Website Contract Notice
Procurement Type
Framework
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

66130000 - Brokerage and related securities and commodities services

Notice Value(s)

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

Notice Dates

Publication Date
28 Jul 20214 years ago
Submission Deadline
16 Aug 2021Expired
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

Contracting Authority (Buyer)

Main Buyer
SCOTTISH ENTERPRISE
Additional Buyers

SCOTTISH GOVERNMENT

Contact Name
Anne Marie Wright
Contact Email
anne.marie.wright@scotent.co.uk, spoeprocurement@scotland.gsi.gov.uk
Contact Phone
+44 1412425466, +44 1414686024

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
Post Town
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

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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