---
title: "NEF Legal Services 2020-2024"
ocid: "ocds-b5fd17-9b39f8e0-a92a-4d03-a8fa-df6e5464efe9"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-9b39f8e0-a92a-4d03-a8fa-df6e5464efe9"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-9b39f8e0-a92a-4d03-a8fa-df6e5464efe9.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-9b39f8e0-a92a-4d03-a8fa-df6e5464efe9.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NORTH EAST ACCESS TO FINANCE LIMITED"
published: "2020-12-10"
---

# NEF Legal Services 2020-2024

Buyer: NORTH EAST ACCESS TO FINANCE LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-9b39f8e0-a92a-4d03-a8fa-df6e5464efe9

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-9b39f8e0-a92a-4d03-a8fa-df6e5464efe9)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-9b39f8e0-a92a-4d03-a8fa-df6e5464efe9.json)

## Summary

The procurement process concerns the awarding of legal services to North East Finance (Holdco) Limited, the managing entity of the Finance for Business North East (FBNE) Fund. The contract, valued at £300,000, is classified under portfolio management services and is located in the North East region of the United Kingdom. This tender, which has entered the award stage, commenced on 30 November 2020 and will extend until 29 November 2024. The procurement method employed is an open procedure, with the tender period concluding on 22 October 2020.

This opportunity is ideal for legal firms with expertise in private equity and venture capital, along with a sound understanding of financial services regulations and European structural funding compliance. Businesses that can demonstrate strong capabilities in managing Limited Partnership structures and addressing public sector economic interventions will likely find success in this tender process. The selected bidder will be positioned to establish a long-term working relationship with a key regional financial entity, fostering further potential collaborations in future regulatory and investment strategies.

## Notice

North East Finance (Holdco) Limited (referred to as 'North East Finance') is the holding fund manager for the Finance for Business North East ('FBNE') Fund. FBNE operated through six sub-funds managed by independent fund managers, but lately this has been streamlined. North East Finance has fully repaid European Investment Bank loan and the emphasis is on the generation of a cash legacy from the portfolio to fund future investment programmes in the region. The contract will cover work for North East Finance and its two subsidiaries North East Finance (Subco) Limited and North East Technology (GP) Limited, each of which hold some of the assets of the FBNE Fund. North East Finance (Subco) Limited is authorised and regulated by the Financial Conduct Authority. North East Finance has full autonomy in investment matters. Its parent company North East Access to Finance Limited ('NEA2F') provides professional, administrative and compliance support. The two companies have independent Boards and accountability and have retained separate arrangements for procuring legal services. We are looking for a legal adviser to support the Chief Executive, the Company Secretary and the Board of North East Finance. This will include ensuring that the companies comply with their legal and regulatory requirements, as well as giving advice on general commercial issues as they arise. Most of our funds have been supported by the European Regional Development Fund and bidders must demonstrate a clear understanding of the regulatory requirements for ERDF. Specialist expertise will be necessary in private equity and venture capital, including financial services regulation; Limited Partnership structures and related legal agreements; European structural funding and compliance; State Aid advice relating to publicly funded bodies delivering venture capital funds; procurement, including OJEU and sub-OJEU procurements; other legal and regulatory issues relating to public sector economic interventions. General commercial advice will also be required on a range of matters. The contract will be for four years from November 2020. A full specification with details of the process for applying and the criteria by which the contract will be awarded are in the Invitation to Tender which is on the website www.northeastfinance.org. Additional information: Page limit is 15 pages of A4. Please specify the main client contact(s) and how you would manage client relationships. Please also give details of the rest of the proposed team, their roles, experience and track record. Brief CVs of key team members should be included. Bidders are asked to provide hourly rates for delivering the services. For purposes of comparison, we will look at 'headline rates' for Partners and Associates. We will assume these are fixed for the 4 years unless you state otherwise. You may include rates for other fee-earners but these 'headline rates' will be used for scoring the bids.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/cc1ef0f4-429e-4dbe-bcce-2a68b8fdfffc |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 Dec 2020 |
| Submission deadline | 22 Oct 2020 |
| Future notice date | Not specified |
| Award date | 30 Nov 2020 |
| Contract period | 30 Nov 2020 - 30 Nov 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £300,000 |
| Lots value | Not specified |
| Awards value | £300,000 |
| 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 | NORTH EAST ACCESS TO FINANCE LIMITED |
| Locality | GATESHEAD |
| Post town | Newcastle upon Tyne |
| Postcode | NE8 3DF |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Gateshead |
| Electoral ward | Bridges |
| Westminster constituency | Gateshead Central and Whickham |
| Delivery location | TLC North East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | WARD HADAWAY SOLICITORS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66140000 - Portfolio management services

## Release History

- 10 Dec 2020 at 09:03 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/cc1ef0f4-429e-4dbe-bcce-2a68b8fdfffc
- 21 Sep 2020 at 09:46 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/0ad894d2-3ccd-426e-9ecd-df4aaff066b1

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/cc1ef0f4-429e-4dbe-bcce-2a68b8fdfffc
  10th December 2020 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/0ad894d2-3ccd-426e-9ecd-df4aaff066b1
  21st September 2020 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/173660bc-b54c-4fe2-a82d-593fd4484d73
- https://www.northeastfinance.org/

## 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-b5fd17-9b39f8e0-a92a-4d03-a8fa-df6e5464efe9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-9b39f8e0-a92a-4d03-a8fa-df6e5464efe9.json.