---
title: "Warwickshire Recovery & Investment Fund: External Fund Management Services - Local Communities & Enterprise"
ocid: "ocds-b5fd17-1e052776-3ccc-4d55-aa70-60939dcf2d35"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1e052776-3ccc-4d55-aa70-60939dcf2d35"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1e052776-3ccc-4d55-aa70-60939dcf2d35.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1e052776-3ccc-4d55-aa70-60939dcf2d35.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WARWICKSHIRE COUNTY COUNCIL"
published: "2022-01-24"
---

# Warwickshire Recovery & Investment Fund: External Fund Management Services - Local Communities & Enterprise

Buyer: WARWICKSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-1e052776-3ccc-4d55-aa70-60939dcf2d35

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-1e052776-3ccc-4d55-aa70-60939dcf2d35)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-1e052776-3ccc-4d55-aa70-60939dcf2d35.json)

## Summary

Warwickshire County Council is conducting an open procedure procurement process for the contract titled "Warwickshire Recovery & Investment Fund: External Fund Management Services - Local Communities & Enterprise." This tender focuses on the financial services industry and is based in the West Midlands, England. The procurement is currently in the award stage, having been published on 2nd September 2021, with a tender period deadline of 4th October 2021. The contract is set to start on 29th November 2021, with a total estimated value of £800,000 and a minimum contract value of £200,000. The duration of the agreement could extend up to 14 years if additional extensions are granted by the Council, with an initial term of five years dedicated to investment activity.

This tender presents significant opportunities for businesses, particularly smaller enterprises, new start-ups, and social enterprises aiming to enhance their funding capabilities. Eligible suppliers include micro and small businesses with less than 50 employees and medium-sized enterprises up to 250 employees on a case-by-case basis. The successful Fund Manager will oversee the Local Communities and Enterprise Pillar of the Warwickshire Recovery Investment Fund, valued at approximately £10 million, which is designed to support local communities and initiatives for long-term recovery and growth. Companies with expertise in fund management and experience in working with small enterprises will find this opportunity particularly suitable for business growth.

## Notice

The Warwickshire Recovery Investment Fund (WRIF) specifically addresses a gap that has been identified in the market for access to finance. The aim is to distribute PS140 million over the next five years, offering loans and other financial investments to existing and new businesses to help their long-term recovery and growth. The WRIF will comprise of three pillars of support: * Business Investment Growth - Debt finance to growing medium and larger businesses with sound prospects (likely to be in the region of PS90 million). * Local Communities and Enterprise - Smaller loans in order to support small businesses, including start-ups and social enterprises (likely to be in the region of PS10 million). * Property and Infrastructure - Investment in commercial sites and premises to encourage businesses to invest in Warwickshire and create jobs. (likely to be in the region of PS40 million). Warwickshire County Council ('the Council') is seeking an External Fund Manager to manage one element of the Warwickshire Recovery and Investment Fund (WRIF); the Local Communities and Enterprise Pillar. This ITT relates to the requirement for the Local Communities and Enterprise Pillar. The Local Communities and Enterprise Pillar is aimed at smaller businesses, new business start-ups, early phase businesses, and social enterprises. The focus is on micro (less than 10 employees) and small businesses (less than 50 employees) but will consider applications from medium-sized enterprises up to 250 employees on a case by case basis. The Fund Manager will be responsible for the set up and day to day management and administration of the Fund for the Local Communities and Enterprise Pillar. Warwickshire County Council will be using its e-tendering system (In-Tend) for the administration of this procurement process and providers must register with the system to be able to express an interest. The web address is: www.csw-jets.co.uk Registration and use of In-Tend is free. Once registered, all correspondence for this procurement process must be via the in-tend correspondence function. However, if you are unable to register with the website please email us at procurement@warwickshire.gov.uk Additional information: The contract term will be for an Initial Term of 5 years of investment activity, which is likely to be followed by up to 7 years of monitoring and managing the loan book. The Council (at its sole discretion) may extend the Initial Term of 5 years by a further period or periods not exceeding in total a further nine (9) years by giving the Fund Manager reasonable (in the Council's opinion) written notice prior to the expiry of the Initial Term or any extension to the term. Any such extension shall be for a minimum period of six (6) months and the overall term of this Agreement shall not in any event exceed fourteen (14) years commencing on the Start Date. During the course of the contract period the range and scope of these services may be subject to modification and variation to meet the changing needs and requirements of the Council, potential changes in legislation and the changing demands placed on the Council by its customers.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/2c6a5fb0-2d99-415c-b57f-1169a4f2bb04 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Jan 2022 |
| Submission deadline | 4 Oct 2021 |
| Future notice date | Not specified |
| Award date | 17 Dec 2021 |
| Contract period | 3 Jan 2022 - 2 Jan 2036 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £800,000 |
| Lots value | Not specified |
| Awards value | £1,393,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WARWICKSHIRE COUNTY COUNCIL |
| Locality | WARWICK |
| Post town | Coventry |
| Postcode | CV34 4RL |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG1 Herefordshire, Worcestershire and Warwickshire |
| ITL 3 | TLG13 Warwickshire CC |
| Local authority | Warwick |
| Electoral ward | Warwick Saltisford |
| Westminster constituency | Warwick and Leamington |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | COVENTRY AND WARWICKSHIRE REINVESTMENT TRUST |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 24 Jan 2022 at 11:40 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/2c6a5fb0-2d99-415c-b57f-1169a4f2bb04
- 2 Sep 2021 at 16:57 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f05ba688-85a1-4bfe-a882-f887d93aa309

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/2c6a5fb0-2d99-415c-b57f-1169a4f2bb04
  24th January 2022 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/f05ba688-85a1-4bfe-a882-f887d93aa309
  2nd September 2021 - Opportunity notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-1e052776-3ccc-4d55-aa70-60939dcf2d35. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1e052776-3ccc-4d55-aa70-60939dcf2d35.json.