---
title: "Essex Renewal Fund Services - Fund and Asset Management"
ocid: "ocds-b5fd17-7509d4c5-4f54-4cf9-8aed-e6242c33ef02"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-7509d4c5-4f54-4cf9-8aed-e6242c33ef02"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-7509d4c5-4f54-4cf9-8aed-e6242c33ef02.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-7509d4c5-4f54-4cf9-8aed-e6242c33ef02.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "ESSEX COUNTY COUNCIL"
published: "2025-04-22"
---

# Essex Renewal Fund Services - Fund and Asset Management

Buyer: ESSEX COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-7509d4c5-4f54-4cf9-8aed-e6242c33ef02

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## Summary

Essex County Council has issued a procurement process titled "Essex Renewal Fund Services - Fund and Asset Management" within the banking and investment services industry category. This contract will involve the management of the Essex Renewal Fund, which is aimed at fostering economic growth and development across Essex through strategic property projects. The procurement was executed using an open procedure and is currently in the award stage, having been completed. The process commenced with a tender period ending on 11th November 2024 and the contract is set to run from 1st March 2025 to 28th February 2030. The project is located in England, United Kingdom, with the successful bid awarded to Montagu Evans LLP on 31st March 2025, valued at approximately £1.35 million.

This procurement offers significant business growth opportunities by catering to those providing specialised fund and asset management services, as well as those capable of engaging in property-related investments and consultancy. It is particularly suitable for small and medium enterprises with the agility to offer innovative solutions in banking and investment services. Companies looking to expand their portfolios in public sector projects or those aiming to contribute to regional economic development might find this tender advantageous. The project’s emphasis on green growth and job creation in Essex aligns well with businesses prioritising sustainable development practices.

## Notice

Essex County Council is seeking external support to provide up to ten years (five initial years with options to extend) of fund and asset management services, leading on fund acquisitions and disposals for the Essex Renewal Fund. The Essex Renewal Fund ("ERF") is a revolving investment fund supporting the delivery of new homes and jobs. It does this through land and property projects that the market wouldn't deliver - or, may not deliver to such high standards. It is important that the Fund has a catalytic impact beyond projects that it delivers directly, by building confidence in Essex places and markets. This requires careful fund and asset management, underpinned by robust market intelligence and sound real estate consultancy. The fund, supporting ECCs commitment to good jobs, future growth and investment, green growth and levelling up the economy, has a number of portfolio and project-level controls to adhere to. It also has an existing portfolio of three commercial properties and will be supported by an internal term alongside fund and project related external consultants.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/afae25b2-90a3-4702-bc88-81cc2606f52c |
| 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 | 22 Apr 2025 |
| Submission deadline | 11 Nov 2024 |
| Future notice date | Not specified |
| Award date | 30 Mar 2025 |
| Contract period | 31 Mar 2025 - 31 Mar 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,500,000 |
| Lots value | Not specified |
| Awards value | £1,350,406 |
| 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 | ESSEX COUNTY COUNCIL |
| Locality | CHELMSFORD |
| Post town | Chelmsford |
| Postcode | CM1 1QH |
| Country | England |
| ITL 1 | TLH East (England) |
| ITL 2 | TLH3 Essex |
| ITL 3 | TLH36 Heart of Essex |
| Local authority | Chelmsford |
| Electoral ward | Moulsham and Central |
| Westminster constituency | Chelmsford |
| 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) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MONTAGU EVANS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services

## Release History

- 22 Apr 2025 at 14:59 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/afae25b2-90a3-4702-bc88-81cc2606f52c
- 1 Oct 2024 at 15:02 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3e9eac9a-0a85-400f-a81c-06d37ce23960

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/afae25b2-90a3-4702-bc88-81cc2606f52c
  22nd April 2025 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/3e9eac9a-0a85-400f-a81c-06d37ce23960
  1st October 2024 - Opportunity notice on Contracts Finder

## Notice URLs

- https://www.essex.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-b5fd17-7509d4c5-4f54-4cf9-8aed-e6242c33ef02. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-7509d4c5-4f54-4cf9-8aed-e6242c33ef02.json.