--- title: "Finance Durham Fund - Investment Fund Management Service" ocid: "ocds-h6vhtk-031a75" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-031a75" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-031a75.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-031a75.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "DURHAM COUNTY COUNCIL" published: "2022-02-23" --- # Finance Durham Fund - Investment Fund Management Service Buyer: DURHAM COUNTY COUNCIL Current stage: Tender OCID: ocds-h6vhtk-031a75 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-031a75) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-031a75.json) ## Summary Durham County Council is currently conducting a selective procurement process for the "Finance Durham Fund - Investment Fund Management Service." This tender falls under the financial and insurance services category and is based in County Durham, United Kingdom. The tender period ends on 29 March 2022, with an anticipated invitation to tender for selected candidates on 15 April 2022. The procurement aims to secure a regulated fund manager to oversee a £20 million investment fund, which supports businesses predominantly in the SME sector through various forms of financial investment. This procurement presents significant opportunities for growth, particularly for businesses experienced in fund management and financial services. Companies that provide investment advisory or portfolio management services, especially those with a focus on supporting SMEs, will find this tender particularly relevant. The structure of the Finance Durham Fund as an "Evergreen" fund means that there will be ongoing opportunities to engage with potential investees, making this a valuable contract for firms looking to expand their market presence in the public sector financing arena. ## 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 . ### Lot Information Lot 1 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 . Renewal: optional 60 month renewal split as 24+24+12 ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/005081-2022 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Restricted procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 23 Feb 2022 | | Submission deadline | 29 Mar 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DURHAM COUNTY COUNCIL | | Locality | DURHAM | | Post town | Durham | | Postcode | DH1 5UL | | 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 | TLC14 Durham | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 23 Feb 2022 at 16:05 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/005081-2022 ## Notice URLs - http://www.durham.gov.uk - http://www.nepo.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-h6vhtk-031a75. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-031a75.json.