{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757-2019-10-15T16:02:15+01:00",
    "date": "2019-10-15T16:02:15+01:00",
    "ocid": "ocds-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "NEF 2019/002",
        "title": "Investment Advisory Service",
        "description": "The Contracting Authority is the Holding Fund Manager for the Finance for Business North East Fund (FBNE) which is now fully invested. The investment programme was funded in part by a loan from the European Investment Bank (now fully repaid) and in part by European Structural funds and UK Government grants. It was delivered through 7 sub-funds, each with its own regulated fund manager. Investments were predominantly equity, with some debt and mezzanine, in a wide range of sectors, from micro-businesses to innovative technology firms and established manufacturers. This tender is concerned with three of the sub-funds, where current fund management is due to come to an end in Q1 2020. These portfolios are the Technology Fund, the Angel Fund and the Growth Plus Fund. Tenders are invited for a single provider to deliver an independent investment and corporate finance advisory service, to assist with oversight and realisations of the portfolio and to advise the Board on realisation strategies and opportunities. Bidder should have an understanding of the key business and technology sectors in the portfolio. The contract is for an initial 2 year term, extendable to 3 years on the same terms. Thereafter, depending on need and progress with realisations, there may be an option to extend by a further 1 to 2 years. This will be an advisory service and not a Limited Partnership structure, and decisions on disposals will be reserved to the Board, rather than a fund manager with full discretion. Some other residual assets may be added to the portfolio after the initial 2 years, subject to discussion. Full details are in the Invitation to Tender and the draft service agreement appended to it, together with the subsequent Clarification Notice. Additional information: Bidders should note that there is a Clarification Notice which should be read alongside the Invitation to Tender.",
        "datePublished": "2019-10-10T11:28:46+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "North East",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "North East",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 500000,
            "currency": "GBP"
        },
        "value": {
            "amount": 2000000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2019-11-11T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2020-01-01T00:00:00Z",
            "endDate": "2022-01-01T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/935df339-6450-4223-a3f2-d9ee3214761e",
                "datePublished": "2019-10-15T16:02:15+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Link to North East Finance website",
                "url": "http://www.northeastfinance.org/news-events/latest-news.aspx"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/2K5u8B84",
            "name": "NORTH EAST FINANCE (HOLDCO) LIMITED",
            "identifier": {
                "legalName": "NORTH EAST FINANCE (HOLDCO) LIMITED",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/2K5u8B84"
            },
            "address": {
                "streetAddress": "Baltimore House, Abbots Hill",
                "locality": "Gateshead",
                "postalCode": "NE8 3DF",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "James Arkless",
                "email": "james.arkless@nea2f.co.uk",
                "telephone": "0191 499 8552"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/2K5u8B84",
        "name": "NORTH EAST FINANCE (HOLDCO) LIMITED"
    }
}