--- title: "Fund Advisory Services for Ambition North Wales Clean Energy Fund" ocid: "ocds-h6vhtk-03dcd5" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03dcd5" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03dcd5.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03dcd5.json" source: "Find A Tender Service" current_stage: "Award" buyer: "AMBITION NORTH WALES" published: "2023-08-15" --- # Fund Advisory Services for Ambition North Wales Clean Energy Fund Buyer: AMBITION NORTH WALES Current stage: Award OCID: ocds-h6vhtk-03dcd5 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03dcd5) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-03dcd5.json) ## Summary Ambition North Wales is currently seeking to procure Fund Advisory Services for the Clean Energy Fund, focusing on research and development consultancy services. The procurement involves two stages of work, from preparation for launch to operating the fund over a minimum 5-year contract period. The procurement method is an open procedure, with the latest key dates showing a submission deadline extension to September 8 and an award period starting from July 28. This tender offers an opportunity for businesses with expertise in developing and mobilising investment strategies, managing funds, marketing funds, and conducting financial due diligence. The contract value is £810,000, with potential for additional extensions. Businesses across North Wales and beyond can participate, as the buyer is Ambition North Wales, a key regional authority seeking to enhance its clean energy initiatives. ## Notice Ambition North Wales (ANW) is seeking to procure a Fund Advisor for two distinct stages of work. The first stage will involve assisting ANW with preparation for launch and will include input in the following key areas: Market intelligence input into the Investment Strategy and associated priorities to support finalisation of this Strategy; Developing a marketing strategy and a launch plan; Input into the ANW fund management plan, which can be defined as: a document which sets out the operational procedures for the Fund for it to be established, managed effectively, and deliver against the objectives for the Fund. It will provide an overview of the key activities of the Fund over the medium term, covering the set up and then ongoing operation and management of the Fund; Scoping the support required to enable an online application process channelled through ANW website; and Scoping any legal input or other external advisory support required for launch of the fund. The second stage will provide advisory support to operate the fund during the deployment period and it is envisaged this will be over a minimum 5-year contract period. The advisor will be responsible for sourcing investments, undertaking due diligence, developing investment business cases, and recommending investments for approval and then providing regular progress and monitoring reports on the performance of investments and the portfolio of the Fund. It should be noted that the investment strategy is a live document that has built-in flexibility to change throughout the life of the fund in response to changing market demand and conditions. ### Lot Information Lot 1 Open Tender Renewal: Potential for 2 year extension ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/023937-2023 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 15 Aug 2023 | | Submission deadline | 28 Jul 2023 | | Future notice date | Not specified | | Award date | 15 Aug 2023 | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £810,000 | | Lots value | £810,000 | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Cancelled | | Lots status | Cancelled | | Awards status | Unsuccessful | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | AMBITION NORTH WALES | | Locality | LLANDUDNO JUNCTION | | Post town | Llandudno | | Postcode | LL31 9RZ | | Country | Wales | | ITL 1 | TLL Wales | | ITL 2 | TLL3 North Wales | | ITL 3 | TLL33 Conwy and Denbighshire | | Local authority | Conwy | | Electoral ward | Glyn y Marl | | Westminster constituency | Bangor Aberconwy | | Delivery location | TLL11 Isle of Anglesey, TLL12 Gwynedd, TLL13 Conwy and Denbighshire, TLL23 Flintshire and Wrexham | ## CPV Codes ### Divisions - 73 - Research and development services and related consultancy services ### Codes - 73000000 - Research and development services and related consultancy services - 73200000 - Research and development consultancy services - 73210000 - Research consultancy services - 73220000 - Development consultancy services - 73300000 - Design and execution of research and development ## Release History - 15 Aug 2023 at 15:20 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/023937-2023 - 28 Jul 2023 at 14:06 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/022028-2023 - 27 Jun 2023 at 13:38 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/018263-2023 ## Notice URLs - https://ambitionnorth.wales/ - https://www.sell2wales.gov.wales/ - https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0361 ## 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-03dcd5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03dcd5.json.