--- title: "SC21072 Equity Services" ocid: "ocds-b5fd17-2d731991-1fab-4002-8f19-6215f740e6a6" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2d731991-1fab-4002-8f19-6215f740e6a6" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2d731991-1fab-4002-8f19-6215f740e6a6.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-2d731991-1fab-4002-8f19-6215f740e6a6.json" source: "Contracts Finder" current_stage: "Tender" buyer: "KENT COUNTY COUNCIL" published: "2022-02-18" --- # SC21072 Equity Services Buyer: KENT COUNTY COUNCIL Current stage: Tender OCID: ocds-b5fd17-2d731991-1fab-4002-8f19-6215f740e6a6 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-2d731991-1fab-4002-8f19-6215f740e6a6) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-2d731991-1fab-4002-8f19-6215f740e6a6.json) ## Summary The procurement process titled "SC21072 Equity Services" is initiated by Kent County Council, the largest local authority in England, located in Maidstone, UK. This tender falls under the financial and insurance services category and is currently at the award stage after being published on 18 February 2022. The procurement method used is an open procedure, with a total contract value of £180,000. The contract period is from 1 June 2022 to 31 May 2025, and it specifically targets organisations that can assist businesses in receiving equity investments from the Bespoke Equity Fund portfolio, with key deliverables expected by March 2024. This tender presents significant growth opportunities for small and medium-sized enterprises (SMEs) and voluntary, community and social enterprises (VCSEs), particularly those with expertise in financial advisory services and business support for investment portfolios. Businesses that can provide effective communication and management support to enterprises receiving equity investments will be well-suited to compete for this contract. Engaging in this procurement could enhance their profiles and contribute to the economic development of Kent, helping to create and protect jobs while maximising the overall value of investments. ## Notice Kent County Council (the Council) is the largest local authority in England covering an area of 3,500 square kilometres. It has an annual expenditure of over PS1bn on goods and services and a population of 1.6m. The Council provides a wide range of personal and strategic services on behalf of its residents, operating in partnership with the NHS Kent and Medway Clinical Commissioning Group, 12 district councils, and 289 parish/town councils. The Council consists of four directorates: Adult Social Core and Health Children, Young People and Education Growth, Environment and Transport Strategic and Corporate Services This service is being commissioned on behalf of the Growth, Environment and Transport directorate. This activity supports Kent County Council's Interim Strategic Plan by helping to deliver the Kent and Medway Economic Renewal and Resilience Plan, more specifically delivering essential support for local businesses. KCC has taken equity stakes in a number of companies via investments from the former Regional Growth Fund (RGF) schemes (Expansion East Kent, Tiger and Escalate), the Kent and Medway Business Fund and the SELEP funded Innovation Investment Scheme, known as Bespoke Equity Fund (BEF) portfolio and is seeking to procure a delivery partner to support, advise and assist these companies, with a PS70,000 excluding vat gross per annum budget funded by KCC for the financial period until March 2024. Procurement will be undertaken in compliance with the Public Contract Regulations 2015. The council is looking to procure a delivery partner to work on behalf of KCC to support, advise and assist businesses in receipt of equity investments within the Bespoke Equity Fund (BEF) portfolio, to help them grow, increase productivity, create/protect jobs and maximise the value of the sale and/or transfer of Kent County Council owned shares. The BEF portfolio consists of equity investments from the former Regional Growth Fund schemes (Expansion East Kent, Tiger and Escalate), the Kent and Medway Business Fund and the SELEP funded Innovation Investment Scheme. This does not include investments made via the Discovery Park Technology Investment Fund and the Kent Life Science Fund. Project Aim To ensure a high level of support to those in receipt of Kent County Council's equity investment within the BEF portfolio. To provide monitoring information, advice, and support to Kent County Council to maximise the opportunity for the County Council to exit successfully from investments within the BEF portfolio. To ensure value for money and continuous improvement in service delivery so the contract delivers positive economic impact for Kent and Medway Specific Objectives To maintain regular communication with businesses within the BEF portfolio and to act as the first point of contact in relation to any communication from those businesses. To act on behalf of Kent County Council in an advisory capacity liaising with businesses within the BEF portfolio ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a388b9ba-62be-4a7d-93ed-9dc36b94562d | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 18 Feb 2022 | | Submission deadline | 21 Mar 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Jul 2022 - 11 Apr 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £210,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | KENT COUNTY COUNCIL | | Locality | MAIDSTONE | | Post town | Rochester | | Postcode | ME14 1XQ | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ4 Kent | | ITL 3 | TLJ45 Mid Kent | | Local authority | Maidstone | | Electoral ward | Penenden Heath | | Westminster constituency | Maidstone and Malling | | Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 18 Feb 2022 at 14:56 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/a388b9ba-62be-4a7d-93ed-9dc36b94562d ## Documents - https://www.contractsfinder.service.gov.uk/Notice/a388b9ba-62be-4a7d-93ed-9dc36b94562d 18th February 2022 - Opportunity notice on Contracts Finder - https://procontract.due-north.com/Advert?advertId=8aed55cd-af90-ec11-8112-005056b64545 Advert ## Notice URLs - http://www.kent.gov.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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