--- title: "Urban Development Fund Investement Management Services" ocid: "ocds-b5fd17-dc75b049-53c6-47e7-b517-556e93eaea27" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-dc75b049-53c6-47e7-b517-556e93eaea27" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-dc75b049-53c6-47e7-b517-556e93eaea27.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-dc75b049-53c6-47e7-b517-556e93eaea27.json" source: "Contracts Finder" current_stage: "Award" buyer: "LANCASHIRE COUNTY COUNCIL" published: "2020-12-16" --- # Urban Development Fund Investement Management Services Buyer: LANCASHIRE COUNTY COUNCIL Current stage: Award OCID: ocds-b5fd17-dc75b049-53c6-47e7-b517-556e93eaea27 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-dc75b049-53c6-47e7-b517-556e93eaea27) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-dc75b049-53c6-47e7-b517-556e93eaea27.json) ## Summary The Lancashire County Council is seeking to procure Investment Management Services for the Urban Development Fund (LUDF) through an open tender process. This contract, which has an estimated value of £1,650,000, is aimed at bridging finance gaps for private sector developers in the North West, promoting economic growth by enabling the construction of fit-for-purpose industrial and commercial properties for SMEs in key growth sectors. The tender period closes on 23rd October 2020, with the contract expected to commence on 1st December 2020 and run until 31st October 2025. This tender presents substantial opportunities for businesses specialising in banking and investment services, particularly those that cater to SMEs or have experience working within EU regulatory frameworks, including State Aid compliance. Companies looking to expand their services in fund management and economic development will find this contract particularly relevant. The emphasis on achieving Key Performance Indicators (KPIs) also underscores the potential for performance-driven contracts that could enhance business profiles and market reach for successful bidders. ## Notice The Lancashire Urban Development Fund (LUDF) will provide capital to fill finance gaps for private sector developers that aim to build workspace in Lancashire, operating on the basis of investing in developments to bring forward activity that the market would not otherwise invest in. It is intended that the LUDF will promote economic growth in Lancashire by providing a mechanism to bring forward fit-for-purpose industrial and commercial premises for SME's in Lancashire's priority growth sectors and help to unlock key strategic employment sites to support growth. This tender is for the establishment of a Contract for the provision of Investement Fund Management Services (the Services as set out in the Specification and tender documents) for the LUDF. The appointed Service Provider will be responsible for managing all the affairs of the fund including the making of investment decisions at all stages through to term, disposal or exit/realisation. The Contract will require the Service Provider to agree to the achievement of Key Performance Indicators (KPIs) related to the investment of the funds. As the LUDF is part-funded by ERDF grant funding all investments and Services will be required to be undertaken in accordance with EU rules and regulations, including in a State Aid compliant manner. All of the requirements will be detailed within the Invitation to tender, the Specification and the Contract documentation. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/66dc7145-dbfc-442e-bb92-a46c8e2a27ca | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME, VCSE | | Awardee scale | Large | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 16 Dec 2020 | | Submission deadline | 23 Oct 2020 | | Future notice date | Not specified | | Award date | 14 Dec 2020 | | Contract period | 1 Jan 2021 - 30 Jun 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,650,000 | | Lots value | Not specified | | Awards value | £1,649,500 | | 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 | LANCASHIRE COUNTY COUNCIL | | Locality | PRESTON | | Post town | Preston | | Postcode | PR1 8RL | | Country | England | | ITL 1 | TLD North West (England) | | ITL 2 | TLD4 Lancashire | | ITL 3 | TLD45 Mid Lancashire | | Local authority | Preston | | Electoral ward | City Centre | | Westminster constituency | Preston | | Delivery location | TLD North West (England) | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | IGLOO INVESTMENT MANAGEMENT | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66100000 - Banking and investment services ## Release History - 16 Dec 2020 at 15:42 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/66dc7145-dbfc-442e-bb92-a46c8e2a27ca - 24 Sep 2020 at 10:27 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/372d0b41-8c47-4220-824c-ae727844d0d0 - 3 Sep 2020 at 13:22 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/372d0b41-8c47-4220-824c-ae727844d0d0 - 30 Jul 2020 at 08:55 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/372d0b41-8c47-4220-824c-ae727844d0d0 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/66dc7145-dbfc-442e-bb92-a46c8e2a27ca 16th December 2020 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/372d0b41-8c47-4220-824c-ae727844d0d0 24th September 2020 - Opportunity notice on Contracts Finder ## 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-dc75b049-53c6-47e7-b517-556e93eaea27. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-dc75b049-53c6-47e7-b517-556e93eaea27.json.