--- title: "D2N2-0723 D2N2 Early Stage Angel Investment Fund (ESAIF) Fund Manager" ocid: "ocds-b5fd17-91ecc609-4836-4820-9024-21461a4ee52b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-91ecc609-4836-4820-9024-21461a4ee52b" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-91ecc609-4836-4820-9024-21461a4ee52b.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-91ecc609-4836-4820-9024-21461a4ee52b.json" source: "Contracts Finder" current_stage: "Award" buyer: "D2N2 LOCAL ENTERPRISE PARTNERSHIP" published: "2024-09-24" --- # D2N2-0723 D2N2 Early Stage Angel Investment Fund (ESAIF) Fund Manager Buyer: D2N2 LOCAL ENTERPRISE PARTNERSHIP Current stage: Award OCID: ocds-b5fd17-91ecc609-4836-4820-9024-21461a4ee52b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-91ecc609-4836-4820-9024-21461a4ee52b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-91ecc609-4836-4820-9024-21461a4ee52b.json) ## Summary The D2N2 Local Enterprise Partnership has successfully awarded a contract for the management of the D2N2-0723 Early Stage Angel Investment Fund (ESAIF) to Haatch Ventures LLP. This procurement process was conducted using an open procedure, and the contract was awarded on 8th November 2023, with the award notice published on 24th September 2024. The fund, valued at £340,000, aims to stimulate equity investments in early-stage start-up businesses between 6 months to 2 years old in the East Midlands region. The contract period will commence on 1st May 2024 and end on 30th April 2029. This tender offers significant opportunities for small and medium enterprises (SMEs) within the venture capital and corporate finance services industry. The fund requires a 1:1 co-investment rate from the successful Tenderer, making it a viable option for SMEs looking to expand their investment portfolios. Companies with expertise in fund management, venture capital services, and a strong understanding of the local economic landscape are well-suited to compete and benefit from this opportunity. By participating, businesses can leverage D2N2's substantial £4 million investment to support promising start-ups, thereby contributing to regional economic growth. ## Notice Established in 2010, D2N2 is a Local Enterprise Partnership (LEP) operating in the local authority areas of Derby, Derbyshire, Nottingham, and Nottinghamshire to grow the area's economy. Local enterprise partnerships are non-statutory bodies responsible for local economic development in England. D2N2 is one of the largest LEPs in England, with a population of more than two million people and with an economic output of over PS50.5 billion GVA (gross value added). D2N2 is looking to establish an early stage angel investment fund (the Fund) in order to promote equity investment in a core client group where intervention is required to stimulate real opportunity, namely early-stage, start-up businesses between 6 months to 2-years old, typically requiring small amounts of pre-seed and seed investment. D2N2 has up to PS4m to invest and requires a 1:1 co-investment rate from the successful Tenderer. D2N2 proposes a Limited Partnership fund structure for the Fund in order to deliver the investments. D2N2 is looking for a service provider who will be appointed to establish the Fund (including taking the role of General Partner of the Limited Partnership) and to be responsible for the day-to-day operation, decision-making and management of the Fund (the Fund Manager). ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f4a3e959-68ee-4a5a-b8b8-0503d980ede2 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME, VCSE | | Awardee scale | SME | | All stages | Planning, Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 24 Sep 2024 | | Submission deadline | 11 Sep 2023 | | Future notice date | 24 Feb 2023 | | Award date | 8 Nov 2023 | | Contract period | 30 Apr 2024 - 30 Apr 2029 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | £340,000 | | 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 | D2N2 LOCAL ENTERPRISE PARTNERSHIP | | Additional buyers | DERBYSHIRE COUNTY COUNCIL | | Locality | MATLOCK | | Post town | Derby | | Postcode | DE4 3AG | | Country | England | | ITL 1 | TLF East Midlands (England) | | ITL 2 | TLF1 Derbyshire and Nottinghamshire | | ITL 3 | TLF13 South and West Derbyshire | | Local authority | Derbyshire Dales | | Electoral ward | Matlock West | | Westminster constituency | Derbyshire Dales | | Delivery location | TLF East Midlands (England) | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | HAATCH VENTURES | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66122000 - Corporate finance and venture capital services ## Release History - 24 Sep 2024 at 13:04 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/f4a3e959-68ee-4a5a-b8b8-0503d980ede2 - 9 Aug 2023 at 09:29 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/34506b96-f5ce-4420-8ca3-2485ddecea1b - 9 Aug 2023 at 09:21 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/07467f9b-f3eb-4044-83bb-b64b14254976 - 9 Feb 2023 at 15:01 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/37ca2a7a-9e38-4ec3-9b2b-526cc48c9fc6 - 2 Feb 2023 at 11:09 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/72d2abed-62fd-4016-95f9-42b01ebe37ee ## Documents - https://www.contractsfinder.service.gov.uk/Notice/f4a3e959-68ee-4a5a-b8b8-0503d980ede2 24th September 2024 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/34506b96-f5ce-4420-8ca3-2485ddecea1b 9th August 2023 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/07467f9b-f3eb-4044-83bb-b64b14254976 9th August 2023 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/37ca2a7a-9e38-4ec3-9b2b-526cc48c9fc6 9th February 2023 - Early engagement notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/72d2abed-62fd-4016-95f9-42b01ebe37ee 2nd February 2023 - Early engagement notice on Contracts Finder - https://procontract.due-north.com/Advert?advertId=4a05502b-e9a2-ed11-811f-005056b64545 Advert - https://procontract.due-north.com/Advert?advertId=51d12d8f-8f36-ee11-8124-005056b64545 Advert ## Notice URLs - http://www.derbyshire.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-b5fd17-91ecc609-4836-4820-9024-21461a4ee52b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-91ecc609-4836-4820-9024-21461a4ee52b.json.