---
title: "Warwickshire Recovery and Investment Fund: External Fund Advisory Services -Property & Infrastructure"
ocid: "ocds-h6vhtk-02e4b4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02e4b4"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02e4b4.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02e4b4.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "WARWICKSHIRE COUNTY COUNCIL"
published: "2022-06-23"
---

# Warwickshire Recovery and Investment Fund: External Fund Advisory Services -Property & Infrastructure

Buyer: WARWICKSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-02e4b4

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## Summary

The Warwickshire County Council is seeking an External Fund Advisor for the Warwickshire Recovery and Investment Fund, specifically for the Property and Infrastructure Pillar. This procurement, classified under financial and insurance services, aims to distribute £140 million over five years to support the long-term recovery and growth of businesses across Warwickshire. The tender process has been categorised as an open procedure, with significant activities planned to manage investment opportunities and leverage local economic development. Key deadlines include the tender submission period ending on 25 October 2021, followed by an award phase commencing immediately after.

This procurement presents an excellent opportunity for financial service providers and consultants specialising in fund management, particularly those with experience in regional economic development. Businesses that have the capability to offer strategic advisory services, deal origination, and effective marketing initiatives will find this tender especially relevant. Additionally, organisations focusing on local community support, as well as those that cater to the needs of medium and larger businesses, are well-positioned to compete, given the diverse pillars of support outlined in the funding structure.

## 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). This ITT relates to the requirement for the Property and Infrastructure Pillar. Warwickshire County Council ('the Council') is seeking an External Fund Advisor to manage the Property and Infrastructure Pillar. The Property & Infrastructure Pillar is intended as a flexible investment scheme that can be deployed by the Council to help developers purchase and/or for the development of new employment land or commercial space to support the growth of Warwickshire's economy. Its focus is on creating or enhancing new or existing development that will help provide the land and premises needed to drive the future growth of our economy and will therefore be linked to supporting growth in the Council's key priority sectors. The Fund Advisor will be responsible for the the promotion, marketing and day to day administration of the activities of the Fund. It will originate and compile investment opportunities against the agreed Investment Strategy. It will undertake the necessary due diligence prior to making recommendations that support WCC's approval process prior to each investment being made. It will then be responsible for the ongoing management of this investment.

### 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). This ITT relates to the requirement for the Property and Infrastructure Pillar. Warwickshire County Council ('the Council') is seeking an External Fund Advisor to manage the Property and Infrastructure Pillar. The Property & Infrastructure Pillar is intended as a flexible investment scheme that can be deployed by the Council to help developers purchase and/or for the development of new employment land or commercial space to support the growth of Warwickshire's economy. Its focus is on creating or enhancing new or existing development that will help provide the land and premises needed to drive the future growth of our economy and will therefore be linked to supporting growth in the Council's key priority sectors. The Fund Advisor will be responsible for the the promotion, marketing and day to day administration of the activities of the Fund. It will originate and compile investment opportunities against the agreed Investment Strategy. It will undertake the necessary due diligence prior to making recommendations that support WCC's approval process prior to each investment being made. It will then be responsible for the ongoing management of this investment. 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 comprise of a) the Investment Activity Phase and b) the Loan Portfolio Management Phase. The Investment Activity Phase will be for an initial term of 5 years (or until the Council has invested all of the allocated Property and Infrastructure Pillar funds, if achieved earlier). However the Council reserves the right to extend the Investment Activity Phase by further periods not exceeding 24 months. The Loan Portfolio Management Phase will begin on the date that the Council makes the first investment and will end up to 10 years from the date that the Council makes the final investment. The contract is therefore expected to run for around 15-17 years, but it may expire sooner.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/017248-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Jun 2022 |
| Submission deadline | 25 Oct 2021 |
| Future notice date | Not specified |
| Award date | 23 May 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,660,000 |

## 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 | CBRE INDIRECT INVESTMENT SERVICES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 23 Jun 2022 at 16:39 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/017248-2022
- 24 Sep 2021 at 17:53 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/023875-2021

## 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-02e4b4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02e4b4.json.