---
title: "Contract for an Investment Fund Management Service for the County Council of Durham"
ocid: "ocds-b5fd17-5347b553-adca-11e6-9901-0019b9f3037b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5347b553-adca-11e6-9901-0019b9f3037b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5347b553-adca-11e6-9901-0019b9f3037b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-5347b553-adca-11e6-9901-0019b9f3037b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DURHAM COUNTY COUNCIL"
published: "2017-06-08"
---

# Contract for an Investment Fund Management Service for the County Council of Durham

Buyer: DURHAM COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-5347b553-adca-11e6-9901-0019b9f3037b

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## Summary

The County Council of Durham is seeking to appoint a Financial Conduct Authority (FCA) authorised fund management company to deliver an Investment Fund Management Service. The procurement process is currently in the Award stage, with an active contract valued at £128,800. The contract will commence on 1st April 2017 and conclude on 31st March 2020, with a focus on fund management activities related to the Finance Durham Fund. The tender was first published on 17th October 2016, and the deadline for submissions was 21st November 2016. This opportunity falls under the category of financial and insurance services and is located in the North East region of the United Kingdom.

This tender presents significant opportunities for businesses, particularly those specialising in fund management, financial services, and advisory sectors. Small and medium-sized enterprises (SMEs) with experience in managing investment funds and providing access to financial support are particularly well-suited to compete. The potential for annual extensions, coupled with assistance for setting up a new FCA regulated fund management entity, creates a landscape for growth and collaboration for qualified suppliers looking to engage in public sector projects.

## Notice

This contract is for the appointment a single Financial Conduct Authority (FCA) authorised fund management company with the ability to deliver the following services on behalf of the Authority: 1. Fund management activity undertaken in relation to the Finance Durham Fund for Years 1 to 3 (with a possibility of annual extensions for up to a further two years). 2. Provision of access to finance (A2F) business support activity for Years 1 to 3 (with a possibility of annual extensions for up to a further two years). 3. Assistance and support to Durham County Council (DCC) in relation to setting up a new DCC owned FCA regulated fund management company (NEWCO). It is the intention of the Authority that NEWCO undertakes the fund management activity associated with the management of the Finance Durham Fund from year 3 onwards. For further information relating to this opportunity please see the enclosed Tender Pack and the Memorandum of Information.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/645b0d46-5721-4c71-b6b2-bc89c9fd1d5b |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Jun 2017 |
| Submission deadline | 21 Nov 2016 |
| Future notice date | Not specified |
| Award date | 22 Mar 2017 |
| Contract period | 31 Mar 2017 - 31 Mar 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £4,000,000 |
| Lots value | Not specified |
| Awards value | £128,800 |
| 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 | DURHAM COUNTY COUNCIL |
| Locality | DURHAM |
| Post town | Durham |
| Postcode | DH1 5UL |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC41 Durham |
| Local authority | County Durham |
| Electoral ward | Neville's Cross |
| Westminster constituency | City of Durham |
| Delivery location | TLC North East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | MAVEN CAPITAL PARTNERS; MAVERN CAPITAL PARTNERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 8 Jun 2017 at 14:29 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/645b0d46-5721-4c71-b6b2-bc89c9fd1d5b
- 18 Nov 2016 at 20:17 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/645b0d46-5721-4c71-b6b2-bc89c9fd1d5b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/645b0d46-5721-4c71-b6b2-bc89c9fd1d5b
  17th October 2016 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.durham.gov.uk

## 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-b5fd17-5347b553-adca-11e6-9901-0019b9f3037b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5347b553-adca-11e6-9901-0019b9f3037b.json.