---
title: "Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017"
ocid: "ocds-b5fd17-88bb5419-a810-4b98-a1bf-dbeb1b5f2c22"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-88bb5419-a810-4b98-a1bf-dbeb1b5f2c22"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-88bb5419-a810-4b98-a1bf-dbeb1b5f2c22.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-88bb5419-a810-4b98-a1bf-dbeb1b5f2c22.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "SME WHOLESALE FINANCE (LONDON) LIMITED"
published: "2017-06-14"
---

# Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017

Buyer: SME WHOLESALE FINANCE (LONDON) LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-88bb5419-a810-4b98-a1bf-dbeb1b5f2c22

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## Summary

The appointment process for co-investment partners of the London Co-Investment Fund (LCIF) 2017 has been completed by SME Wholesale Finance (London) Limited, with the award made on 13th June 2017. The procurement falls under financial and insurance services and is valued at £23 million, aimed at investing into high-growth early-stage businesses in London. The procurement method was an open procedure and the contract period extends from 13th June 2017 to 31st December 2018. The tender reached its conclusion on 1st January 2017.

This opportunity presents significant potential for businesses engaged in investment and venture capital in the technology sector, particularly those with a focus on science and digital innovation. With the aim of generating substantial private sector investment and creating approximately 2,653 jobs, firms that are well-equipped to manage co-investment partnerships and have experience in early-stage funding will find this opportunity particularly advantageous for growth and expansion.

## Notice

Funding London is the trading name of SME Wholesale Finance (London) Limited. Funding London have competitively selected five additional organisations to become co-investment partners with theLCIF. The selected partners will enter into co-investment agreements with the LCIF with an investment period of 18 months. The aims of the LCIF are as follows:- To invest 23m GBP into high-growth early stage Science, Digital and Technology businesses in Londonduring a three year period;- To achieve a target across the fund of 2.9 GBP of private sector investment for every 1 GBP invested byLCIF;- To generate approx. 2 653 jobs as a result of the investments being made; and- To maximise returns from exits to enable further investment in later years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/34a6a574-9ad4-4676-99aa-0a0558ac2e07 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 14 Jun 2017 |
| Submission deadline | 1 Jan 2017 |
| Future notice date | Not specified |
| Award date | 12 Jun 2017 |
| Contract period | 12 Jun 2017 - 31 Dec 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £23,000,000 |
| Lots value | Not specified |
| Awards value | £23,000,000 |
| 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 | SME WHOLESALE FINANCE (LONDON) LIMITED |
| Locality | LONDON |
| Post town | South East London |
| Postcode | SE1 9PD |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI44 Lewisham and Southwark |
| Local authority | Southwark |
| Electoral ward | Borough & Bankside |
| Westminster constituency | Bermondsey and Old Southwark |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 5 |
| Supplier names | ALBION VENTURES; CONCENTRIC TEAM; MUSTARD SEED; STARTUP FUNDING CLUB; VENTURE FOUNDERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 14 Jun 2017 at 16:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/34a6a574-9ad4-4676-99aa-0a0558ac2e07

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/34a6a574-9ad4-4676-99aa-0a0558ac2e07
  14th June 2017 - Awarded contract notice on Contracts Finder
- http://www.mytenders.org/search/show/search_view.aspx?ID=JUN144110
  NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.

## Notice URLs

- http://fundinglondon.co.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-b5fd17-88bb5419-a810-4b98-a1bf-dbeb1b5f2c22. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-88bb5419-a810-4b98-a1bf-dbeb1b5f2c22.json.