---
title: "Warwickshire Recovery & Investment Fund: External Fund Management Services - Local Communities & Enterprise"
ocid: "ocds-h6vhtk-02dc7f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02dc7f"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02dc7f.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02dc7f.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "WARWICKSHIRE COUNTY COUNCIL"
published: "2022-01-24"
---

# Warwickshire Recovery & Investment Fund: External Fund Management Services - Local Communities & Enterprise

Buyer: WARWICKSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-02dc7f

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## Summary

Warwickshire County Council is overseeing a public procurement process titled "Warwickshire Recovery & Investment Fund: External Fund Management Services - Local Communities & Enterprise." The contract aims to distribute £140 million over five years, targeting support for small businesses, start-ups, and social enterprises within the financial and insurance services industry. This procurement is currently in the active stage, with a submission deadline set for 4th October 2021, after which bids will be evaluated. The chosen external fund manager will administer loans and other financial investments, focusing on micro and small enterprises with fewer than 50 employees.

This tender presents significant opportunities for SMEs involved in financial services, particularly those with experience in fund management, loan administration, and community enterprise support. Businesses that specialise in providing services to small businesses, social enterprises, and start-ups are well-positioned to compete for this contract. With a comprehensive responsibility for setting up and managing the fund, a successful bidder could not only secure substantial funding but also play a vital role in facilitating the economic recovery and growth of the Warwickshire community.

## Notice

The Warwickshire Recovery Investment Fund (WRIF) specifically addresses a gap that has been identified in the market for access to finance. The aim is to distribute PS140 million over the next five years, offering loans and other financial investments to existing and new businesses to help their long-term recovery and growth. The WRIF will comprise of three pillars of support: * Business Investment Growth - Debt finance to growing medium and larger businesses with sound prospects (likely to be in the region of PS90 million). * Local Communities and Enterprise - Smaller loans in order to support small businesses, including start-ups and social enterprises (likely to be in the region of PS10 million). * Property and Infrastructure - Investment in commercial sites and premises to encourage businesses to invest in Warwickshire and create jobs. (likely to be in the region of PS40 million). Warwickshire County Council ('the Council') is seeking an External Fund Manager to manage one element of the Warwickshire Recovery and Investment Fund (WRIF); the Local Communities and Enterprise Pillar. This ITT relates to the requirement for the Local Communities and Enterprise Pillar. The Local Communities and Enterprise Pillar is aimed at smaller businesses, new business start-ups, early phase businesses, and social enterprises. The focus is on micro (less than 10 employees) and small businesses (less than 50 employees) but will consider applications from medium-sized enterprises up to 250 employees on a case by case basis. The Fund Manager will be responsible for the set up and day to day management and administration of the Fund for the Local Communities and Enterprise Pillar.

### Lot Information

Lot 1

The Warwickshire Recovery Investment Fund (WRIF) specifically addresses a gap that has been identified in the market for access to finance. The aim is to distribute PS140 million over the next five years, offering loans and other financial investments to existing and new businesses to help their long-term recovery and growth. The WRIF will comprise of three pillars of support: * Business Investment Growth - Debt finance to growing medium and larger businesses with sound prospects (likely to be in the region of PS90 million). * Local Communities and Enterprise - Smaller loans in order to support small businesses, including start-ups and social enterprises (likely to be in the region of PS10 million). * Property and Infrastructure - Investment in commercial sites and premises to encourage businesses to invest in Warwickshire and create jobs. (likely to be in the region of PS40 million). Warwickshire County Council ('the Council') is seeking an External Fund Manager to manage one element of the Warwickshire Recovery and Investment Fund (WRIF); the Local Communities and Enterprise Pillar. This ITT relates to the requirement for the Local Communities and Enterprise Pillar. The Local Communities and Enterprise Pillar is aimed at smaller businesses, new business start-ups, early phase businesses, and social enterprises. The focus is on micro (less than 10 employees) and small businesses (less than 50 employees) but will consider applications from medium-sized enterprises up to 250 employees on a case by case basis. The Fund Manager will be responsible for the set up and day to day management and administration of the Fund for the Local Communities and Enterprise Pillar. Additional information: During the course of the contract period the range and scope of these services may be subject to modification and variation to meet the changing needs and requirements of the Council, potential changes in legislation and the changing demands placed on the Council by its customers.

Options: The contract term will be for an Initial Term of 5 years of investment activity, which is likely to be followed by up to 7 years of monitoring and managing the loan book. The Council (at its sole discretion) may extend the Initial Term of 5 years by a further period or periods not exceeding in total a further nine (9) years by giving the Fund Manager reasonable (in the Council's opinion) written notice prior to the expiry of the Initial Term or any extension to the term. Any such extension shall be for a minimum period of six (6) months and the overall term of this Agreement shall not in any event exceed fourteen (14) years commencing on the Start Date

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/001979-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Jan 2022 |
| Submission deadline | 4 Oct 2021 |
| Future notice date | Not specified |
| Award date | 17 Dec 2021 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,393,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WARWICKSHIRE COUNTY COUNCIL |
| Locality | WARWICK |
| Post town | Coventry |
| Postcode | CV34 4RL |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG1 Herefordshire, Worcestershire and Warwickshire |
| ITL 3 | TLG13 Warwickshire CC |
| Local authority | Warwick |
| Electoral ward | Warwick Saltisford |
| Westminster constituency | Warwick and Leamington |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | COVENTRY AND WARWICKSHIRE REINVESTMENT TRUST |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 24 Jan 2022 at 11:04 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/001979-2022
- 2 Sep 2021 at 16:00 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/021776-2021

## Notice URLs

- http://www.csw-jets.co.uk
- http://www.warwickshire.gov.uk
- http://www.warwickshire.gov.uk/procurement

## 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-h6vhtk-02dc7f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02dc7f.json.