--- title: "HS2 Hybrid Venture Innovation Fund Manager - Early Engagement" ocid: "ocds-b5fd17-77a96223-f483-4e15-95e6-4e978ece8c32" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-77a96223-f483-4e15-95e6-4e978ece8c32" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-77a96223-f483-4e15-95e6-4e978ece8c32.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-77a96223-f483-4e15-95e6-4e978ece8c32.json" source: "Contracts Finder" current_stage: "Planning" buyer: "HS2" published: "2022-10-04" --- # HS2 Hybrid Venture Innovation Fund Manager - Early Engagement Buyer: HS2 Current stage: Planning OCID: ocds-b5fd17-77a96223-f483-4e15-95e6-4e978ece8c32 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-77a96223-f483-4e15-95e6-4e978ece8c32) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-77a96223-f483-4e15-95e6-4e978ece8c32.json) ## Summary The HS2 organization is planning to establish a "Public-Private Venture Capital Fund" to invest in new businesses related to the UK construction and transport sector, within the HS2 environment. The anticipated Fund value is between £30m - £50m, with both public and private sector investments. HS2 Ltd is seeking an independent Fund Manager authorized by the Financial Conduct Authority to manage the Fund. Interested service providers need to provide feedback by midday on Tuesday 18th October 2022. This procurement opportunity provides a chance for businesses involved in financial auditing services, especially those with experience in venture capital fund management, to compete for a contract with HS2. SMEs are identified as suitable bidders for this tender. Interested businesses can access the market engagement documentation and supporting questionnaire by contacting Shopna Begum at HS2. The deadline for feedback submission is 18th October 2022. ## Notice The purpose of this notice is to engage with the market in relation to the HS2 Hybrid Innovation Fund Manager. HS2 Ltd in partnership with the Department for Transport (DfT) is proposing to establish a "Public-Private Venture Capital Fund" (the "Fund") as a vehicle to invest equity stakes in appropriate new businesses primarily within the UK construction and transport sector, working within the HS2 environment. The total anticipated Fund value is between PS30 - PS50m. The Public investment to the Fund, provided by HS2 Ltd and DfT, is expected to be in the range of 30-50% of the total Fund value, with Private sector investment making up the remainder of the Fund. In order to manage the Fund, HS2 Ltd is seeking to appoint an independent Fund Manager, to undertake a variety of activities in conjunction with HS2 Ltd and the existing HS2 Innovation Accelerator Programme. As a pre-requisite, any prospective Fund Manager must be authorised by the Financial Conduct Authority (FCA) to carry out the Services. Further details can be found in the Market Sounding Briefing and supporting questionnaire (Annex B) which are available on request. In order to access the documentation please contact Shopna Begum (Shopna.Begum@hs2.org.uk). HS2 Ltd is requesting feedback from suitable service providers by midday on Tuesday 18th October 2022. Additional information: In order to access the market engagement documentation and supporting questionnaire, please contact Shopna Begum (Shopna.Begum@hs2.org.uk). Please note correspondence with the aforementioned email address should be in relation to this specific Market Engagement exercise and general correspondence/queries may not be addressed. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3761e6c4-04f6-412c-a827-e8e258c410ec | | Notice type | Market Engagement Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 4 Oct 2022 | | Submission deadline | Not specified | | Future notice date | 18 Oct 2022 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | HS2 | | Locality | TWO SNOWHILL, SNOW HILL QUEENSWAY, BIRMINGHAM | | Post town | Birmingham | | Postcode | B4 6GA | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG3 West Midlands | | ITL 3 | TLG31 Birmingham | | Local authority | Birmingham | | Electoral ward | Ladywood | | Westminster constituency | Birmingham Ladywood | | Delivery location | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212100 - Financial auditing services ## Release History - 4 Oct 2022 at 12:26 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/3761e6c4-04f6-412c-a827-e8e258c410ec ## Documents - https://www.contractsfinder.service.gov.uk/Notice/3761e6c4-04f6-412c-a827-e8e258c410ec 4th October 2022 - Early engagement notice on Contracts Finder ## Notice URLs - https://www.hs2.org.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-b5fd17-77a96223-f483-4e15-95e6-4e978ece8c32. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-77a96223-f483-4e15-95e6-4e978ece8c32.json.