--- title: "West Yorkshire Business Accelerator Fund Manager" ocid: "ocds-b5fd17-808f298a-5614-49ff-986e-5b2164150372" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-808f298a-5614-49ff-986e-5b2164150372" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-808f298a-5614-49ff-986e-5b2164150372.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-808f298a-5614-49ff-986e-5b2164150372.json" source: "Contracts Finder" current_stage: "Tender" buyer: "WEST YORKSHIRE COMBINED AUTHORITY" published: "2021-06-02" --- # West Yorkshire Business Accelerator Fund Manager Buyer: WEST YORKSHIRE COMBINED AUTHORITY Current stage: Tender OCID: ocds-b5fd17-808f298a-5614-49ff-986e-5b2164150372 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-808f298a-5614-49ff-986e-5b2164150372) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-808f298a-5614-49ff-986e-5b2164150372.json) ## Summary The West Yorkshire Combined Authority is seeking a Fund Manager for the "West Yorkshire Business Accelerator Fund", as part of an initiative aimed at providing financial support for high-growth SMEs in the region. This procurement falls under the classification of banking and investment services, with an estimated contract value of £20 million, supported by previously ring-fenced funding of £20 million from the Growing Places Fund. The open procurement process is currently ongoing, with the tender deadline set for 2nd July 2021. The resultant contract will have a duration from 15th September 2021 to 1st September 2031 and will be based in Leeds, within the Yorkshire and the Humber region. This tender presents significant opportunities for businesses experienced in fund management, financial services, or investment banking. Bidding companies, particularly small and medium-sized enterprises (SMEs), can leverage this opportunity to engage in a contract that supports inclusive economic growth and productivity improvements in the West Yorkshire area. The management of the West Yorkshire Business Accelerator Fund will allow selected companies to demonstrate their capabilities in facilitating commercial investments aimed at driving green growth and productivity enhancements, potentially positioning them for further government or regional contracts in the future. ## Notice The Combined Authority has identified a need for additional regional funding for high growth SME's. An opportunity therefore exists for the creation of a new funding product via a Combined Authority commercial investment fund to drive inclusive growth, boost productivity and drive green growth in line with the Strategic Economic Framework Priorities. Using money previously invested and recycled through the Growing Places Fund, the Combined Authority has ring-fenced PS20m (total) to establish a new commercial investment fund - the West Yorkshire Business Accelerator Fund (WYBAF or the Fund). The Combined Authority therefore requires an Fund Manager to Manage this Fund on its behalf. Additional information: Is a Recurrent Procurement Type? : No ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577 | | 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 | 2 Jun 2021 | | Submission deadline | 2 Jul 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 15 Sep 2021 - 1 Sep 2031 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £20,000,000 | | 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 | WEST YORKSHIRE COMBINED AUTHORITY | | Locality | WEST YORKSHIRE | | Post town | Leeds | | Postcode | LS1 2DE | | Country | England | | ITL 1 | TLE Yorkshire and The Humber | | ITL 2 | TLE4 West Yorkshire | | ITL 3 | TLE42 Leeds | | Local authority | Leeds | | Electoral ward | Little London & Woodhouse | | Westminster constituency | Leeds Central and Headingley | | Delivery location | TLE Yorkshire and The Humber | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66100000 - Banking and investment services - 66120000 - Investment banking services and related services ## Release History - 2 Jun 2021 at 13:40 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577 - 2 Jun 2021 at 13:23 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577 - 2 Jun 2021 at 13:13 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577 - 2 Jun 2021 at 13:12 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577 - 2 Jun 2021 at 13:05 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577 - 2 Jun 2021 at 08:10 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577 - 2 Jun 2021 at 08:10 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/77390991-6cc9-4096-b570-cf14007fe577 2nd June 2021 - Opportunity notice on Contracts Finder - https://in-tendhost.co.uk/westyorkshireCA/aspx/ Additional information on how to apply for this contract ## Notice URLs - http://www.westyorks-ca.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-b5fd17-808f298a-5614-49ff-986e-5b2164150372. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-808f298a-5614-49ff-986e-5b2164150372.json.