{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-04dc65-2025-02-06T16:16:28Z",
    "date": "2025-02-06T16:16:28Z",
    "ocid": "ocds-h6vhtk-04dc65",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-04dc65",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Early Stage Investment Fund",
        "status": "planned",
        "classification": {
            "scheme": "CPV",
            "id": "66122000",
            "description": "Corporate finance and venture capital services"
        },
        "mainProcurementCategory": "services",
        "description": "*PIN ONLY* We are looking for a fund manager with experience in early-stage investments into Health & Life Science and Digital Tech companies across West Yorkshire. We expect our funds to be used to contribute between PS200k and PS500k to a pre-seed/early-seed deal, with the ability to bring in leverage, either via other private sector funds, or via public sector funds such as the Northern Powerhouse Investment Fund. The fund manager will work closely with our accelerator partner (Health Innovation Yorkshire & Humber) to secure deal flow. The fund manager will not be expected to make follow-on investments. Anticipated tender timings: We are aiming to go into delivery in Summer 2025 Anticipated contract length: It's envisaged that the first four years would be the investment period, followed by six years of portfolio management. Estimated budget: PS4M is confirmed currently, but we are looking to get the budget north of PS10M. This will be confirmed in due course.",
        "lots": [
            {
                "id": "1",
                "description": "*PIN ONLY* We are looking for a fund manager with experience in early-stage investments into Health & Life Science and Digital Tech companies across West Yorkshire. We expect our funds to be used to contribute between PS200k and PS500k to a pre-seed/early-seed deal, with the ability to bring in leverage, either via other private sector funds, or via public sector funds such as the Northern Powerhouse Investment Fund. The fund manager will work closely with our accelerator partner (Health Innovation Yorkshire & Humber) to secure deal flow. The fund manager will not be expected to make follow-on investments. Anticipated tender timings: We are aiming to go into delivery in Summer 2025 Anticipated contract length: It's envisaged that the first four years would be the investment period, followed by six years of portfolio management. Estimated budget: PS4M is confirmed currently, but we are looking to get the budget north of PS10M. This will be confirmed in due course.",
                "status": "planned"
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66122000",
                        "description": "Corporate finance and venture capital services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "73000000",
                        "description": "Research and development services and related consultancy services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "72000000",
                        "description": "IT services: consulting, software development, Internet and support"
                    },
                    {
                        "scheme": "CPV",
                        "id": "85000000",
                        "description": "Health and social work services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKE4"
                    }
                ],
                "deliveryLocation": {
                    "description": "West Yorkshire"
                },
                "relatedLot": "1"
            }
        ],
        "communication": {
            "futureNoticeDate": "2025-09-01T00:00:00+01:00"
        },
        "coveredBy": [
            "GPA"
        ]
    },
    "parties": [
        {
            "id": "GB-FTS-31903",
            "name": "West Yorkshire Combined Authority",
            "identifier": {
                "legalName": "West Yorkshire Combined Authority",
                "id": "8876556"
            },
            "address": {
                "streetAddress": "Wellington House, 40-50 Wellington Street",
                "locality": "Leeds",
                "region": "UKE4",
                "postalCode": "LS1 2DE",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Carla Shoesmith",
                "email": "carla.shoesmith@westyorks-ca.gov.uk",
                "url": "https://uk.eu-supply.com/ctm/Supplier/Documents/Folder/96930"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "https://www.westyorks-ca.gov.uk",
                "buyerProfile": "https://uk.eu-supply.com/ctm/Company/CompanyInformation/Index/103257",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "REGIONAL_AUTHORITY",
                        "description": "Regional or local authority"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-31903",
        "name": "West Yorkshire Combined Authority"
    },
    "language": "en"
}