--- title: "Investment Advisory Service" ocid: "ocds-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757.json" source: "Contracts Finder" current_stage: "Tender" buyer: "NORTH EAST FINANCE (HOLDCO) LIMITED" published: "2019-10-15" --- # Investment Advisory Service Buyer: NORTH EAST FINANCE (HOLDCO) LIMITED Current stage: Tender OCID: ocds-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757.json) ## Summary The North East Finance (Holdco) Limited is seeking tenders for an Investment Advisory Service related to its Finance for Business North East Fund (FBNE), fully invested in various sectors including technology and manufacturing. This open procedure tender, classified under financial and insurance services, will accept bids until 11th November 2019. The awarded contract, valued between £500,000 and £2,000,000, is expected to begin on 1st January 2020 with a minimum duration of two years, potentially extendable for a further three years, depending on performance and needs. This tender presents a significant opportunity for advisory firms specialising in finance and investment, particularly those with experience in managing portfolios across diverse sectors, such as technology and growth businesses. Businesses capable of offering independent advisory services and possessing an understanding of the local economic landscape in the North East of England will be well-positioned to compete. Engaging with this contract can facilitate growth and enhance visibility within the investment advisory sector, especially for SMEs looking to expand their service offerings. ## Notice 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. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/935df339-6450-4223-a3f2-d9ee3214761e | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 15 Oct 2019 | | Submission deadline | 11 Nov 2019 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Jan 2020 - 1 Jan 2022 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £2,000,000 | | 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 | NORTH EAST FINANCE (HOLDCO) LIMITED | | Locality | GATESHEAD | | Post town | Newcastle upon Tyne | | Postcode | NE8 3DF | | Country | England | | ITL 1 | TLC North East (England) | | ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear | | ITL 3 | TLC43 Tyneside | | Local authority | Gateshead | | Electoral ward | Bridges | | Westminster constituency | Gateshead Central and Whickham | | Delivery location | TLC North East (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 15 Oct 2019 at 15:02 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/935df339-6450-4223-a3f2-d9ee3214761e - 10 Oct 2019 at 10:28 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/935df339-6450-4223-a3f2-d9ee3214761e ## Documents - https://www.contractsfinder.service.gov.uk/Notice/935df339-6450-4223-a3f2-d9ee3214761e 15th October 2019 - Opportunity notice on Contracts Finder - http://www.northeastfinance.org/news-events/latest-news.aspx Link to North East Finance website ## 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-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-4afd5754-2a48-4d56-9183-e8aae6b79757.json.