---
title: "Finance Durham Fund - Investment Fund Management Service"
ocid: "ocds-b5fd17-a1728edf-3ef9-4dda-b325-4f35249dbe02"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a1728edf-3ef9-4dda-b325-4f35249dbe02"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a1728edf-3ef9-4dda-b325-4f35249dbe02.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-a1728edf-3ef9-4dda-b325-4f35249dbe02.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "DURHAM COUNTY COUNCIL"
published: "2022-02-24"
---

# Finance Durham Fund - Investment Fund Management Service

Buyer: DURHAM COUNTY COUNCIL  
Current stage: Tender  
OCID: ocds-b5fd17-a1728edf-3ef9-4dda-b325-4f35249dbe02

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## Summary

Durham County Council is seeking a single FCA regulated fund manager for the Finance Durham Fund, a £20 million investment fund focused on providing debt, mezzanine, and equity finance to enterprises primarily in County Durham. The procurement is currently at the Tender stage, with bids due by 29th March 2022. The contract is expected to commence on 1st August 2022 and continue until 31st July 2027. The tender documents are available for public access, documenting this selective procurement method classified under financial and insurance services.

This tender presents a prime opportunity for businesses in the financial services sector, particularly those with expertise in fund management and portfolio oversight. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) may find this an ideal competition, given the focus on supporting SMEs within the Finance Durham Fund framework. Companies capable of providing access to finance and related business support services will be well-positioned to respond to this opportunity for growth and collaboration with Durham County Council.

## Notice

DCC operates a PS20m investment fund (the Finance Durham Fund) to invest in enterprises (via debt, mezzanine and equity finance) across County Durham. Though not exclusively for SMEs, investees to date have been SMEs and it is anticipated that investees will be largely be SMEs in the future. The Fund is 100% financed by DCC and is operated on a commercial basis to deliver both an economic development impact and financial return to the Authority over the longer term. The Finance Durham fund is structured as 'Evergreen' - that is, to provide debt and equity finance on an ongoing / permanent basis through the recycling of investment and interest returns to the Fund. The Purpose of this procurement is to procure the services of a single FCA regulated fund manager, following the completion of the contractual term, to undertake the following activity in relation to the Finance Durham Fund: 1. Investment Fund Management 2. Portfolio management 3. Provision of access to finance (A2F) business support activity . The procurement documents are available for unrestricted and full direct access, free of charge, at www.nepo.org

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/eb42b20f-ad65-4a8b-95c8-f8dc768f0cb8 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Feb 2022 |
| Submission deadline | 29 Mar 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 31 Jul 2022 - 31 Jul 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £350,000 |
| 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 | DURHAM COUNTY COUNCIL |
| Locality | DURHAM |
| Post town | Durham |
| Postcode | DH1 5UE |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC41 Durham |
| Local authority | County Durham |
| Electoral ward | Neville's Cross |
| Westminster constituency | City of Durham |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 24 Feb 2022 at 11:48 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/eb42b20f-ad65-4a8b-95c8-f8dc768f0cb8

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/eb42b20f-ad65-4a8b-95c8-f8dc768f0cb8
  24th February 2022 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.durham.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-a1728edf-3ef9-4dda-b325-4f35249dbe02. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a1728edf-3ef9-4dda-b325-4f35249dbe02.json.