Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Growth Investment Support Services Framework

Scottish Enterprise

This public procurement record has 3 releases in its history.

Award

23 Oct 2024 at 01:00

OJEU - F3 - Contract Award Notice
TenderUpdate

17 Apr 2024 at 01:00

OJEU - F14 - Corrigendum
Tender

14 Mar 2024 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

Scottish Enterprise has awarded contracts under the "Growth Investment Support Services Framework" to a number of suppliers through an open procedure. The procurement, focused on economic affairs, encompasses services related to investment management, accounting, and corporate finance interventions. The procurement process, now in the award stage, was initiated in March 2024 and finalised on 23rd October 2024, with contracts signed for active service provision. The successful suppliers for Lot 1, titled 'Bespoke Investments,' include PricewaterhouseCoopers, and for Lot 2, titled 'Core Funding Investments,' the suppliers are Henderson Loggie LLP, Grant Thornton UK LLP, and Chiene + Tait LLP. The procurement covers regions within the UK, particularly Scotland (UKM), and addresses services falling under CPV classifications 79412000, 66122000, and 79400000.

This framework presents significant opportunities for businesses, especially those specialising in corporate finance and investment management. For SMEs, Lot 2 offers chances to engage more frequently with smaller, lower-value projects, promoting incremental growth and market presence. Larger firms, on the other hand, can leverage Lot 1 to handle more complex and higher-value deals, enhancing their portfolio and experience in significant financial interventions. Businesses proficient in finance, accounting, and investment consultancy, regardless of their size, are well-suited to compete for such frameworks, potentially driving substantial business growth and industry expertise.

How relevant is this notice?

Notice Information

Notice Title

Growth Investment Support Services Framework

Notice Description

The purpose of this ITT is to appoint an anticipated number of up to 4 suppliers over 2 Lots to deliver periodic expert support a range of different investment management, accounting, and corporate finance interventions as detailed in the Scope of Services section in the Invitation To Tender.

Lot Information

Bespoke Investments

The Growth Investments (GI) team has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the team in the delivery of time-critical activities across all areas of the business. Successful delivery of GI's objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the GI team has immediate access to specialist expertise as and when required. The work covered under the framework will cover a range of different investment management, accounting, and corporate finance interventions across all areas of GI. Lot 1 will be a single supplier Lot which will cover the more complex instructions which would typically be of a value around GBP50k and above where the deal is outwith our equity funds and where SE is a co-lead or sole investor.. Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: This framework will be for an initial period of 36 months with the option to extend for a further 12 months if required

Core Funding Investments

The Growth Investments (GI) team has a periodic requirement for expert and specialist expertise on specific projects to supplement and complement the team in the delivery of time-critical activities across all areas of the business. Successful delivery of GI's objectives relies upon considerable market knowledge and expertise, and the support services framework will ensure that the GI team has immediate access to specialist expertise as and when required. The work covered under the framework will cover a range of different investment management, accounting, and corporate finance interventions across all areas of GI. Lot 2 will be appointed to up to 3 suppliers Lot which will cover the lower value, more frequent pieces of work.. Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: The framework will be for an initial period of 36 months with the option to extend for a further 12 months if required.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000759863
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT516836
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66122000 - Corporate finance and venture capital services

66171000 - Financial consultancy services

79400000 - Business and management consultancy and related services

79412000 - Financial management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
23 Oct 20241 years ago
Submission Deadline
18 Apr 2024Expired
Future Notice Date
Not specified
Award Date
10 Jun 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Not Specified
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Enterprise
Additional Buyers

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
ABERDEEN
Postcode
EH48 2GN
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM14 West Lothian
Delivery Location
TLM Scotland
Local Authority
West Lothian
Electoral Ward
Bathgate
Westminster Constituency
Bathgate and Linlithgow

Supplier Information

Number of Suppliers
4
Supplier Names

Chiene + Tait LLP

Grant Thornton UK LLP

Henderson Loggie LLP

PricewaterhouseCoopers

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...