---
title: "D2N2-0723 D2N2 Early Stage Angel Investment Fund (ESAIF) Fund Manager"
ocid: "ocds-h6vhtk-03ee2a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03ee2a"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03ee2a.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03ee2a.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "D2N2 LOCAL ENTERPRISE PARTNERSHIP"
published: "2024-09-24"
---

# D2N2-0723 D2N2 Early Stage Angel Investment Fund (ESAIF) Fund Manager

Buyer: D2N2 LOCAL ENTERPRISE PARTNERSHIP  
Current stage: Award  
OCID: ocds-h6vhtk-03ee2a

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## Summary

The D2N2 Local Enterprise Partnership (LEP) has awarded a contract for the management of the D2N2 Early Stage Angel Investment Fund (ESAIF). Operating within the local authority areas of Derby, Derbyshire, Nottingham, and Nottinghamshire, D2N2 aims to promote economic growth by fostering early-stage, start-up businesses. Haatch Ventures LLP has been appointed as the Fund Manager. The award marks the completion of the procurement stage, with key dates including the contract signing on 1st May 2024. The procurement followed an open procedure, with the industry category focused on financial and insurance services, aiming to stimulate equity investment in start-ups requiring pre-seed and seed investment.

This opportunity creates significant growth potential for businesses involved in financial and venture capital services, particularly those authorised by the Financial Conduct Authority (FCA). By managing an investment fund of up to £4 million with a co-investment requirement, the selected business can enable early-stage companies to access crucial financial support, thereby driving local economic development. Businesses specialising in fund management, venture capital, and start-up investments are ideally positioned to benefit from such procurement opportunities to expand their portfolios and contribute to the regional economic ecosystem.

## Notice

Established in 2010, D2N2 is a Local Enterprise Partnership (LEP) operating in the local authority areas of Derby, Derbyshire, Nottingham, and Nottinghamshire to grow the area's economy. Local enterprise partnerships are non-statutory bodies responsible for local economic development in England. D2N2 is one of the largest LEPs in England, with a population of more than two million people and with an economic output of over PS50.5 billion GVA (gross value added). D2N2 is looking to establish an early stage angel investment fund (the Fund) in order to promote equity investment in a core client group where intervention is required to stimulate real opportunity, namely early-stage, start-up businesses between 6 months to 2-years old, typically requiring small amounts of pre-seed and seed investment. D2N2 has up to PS4m to invest and requires a 1:1 co-investment rate from the successful Tenderer. D2N2 proposes a Limited Partnership fund structure for the Fund in order to deliver the investments. D2N2 is looking for a service provider who will be appointed to establish the Fund (including taking the role of General Partner of the Limited Partnership) and to be responsible for the day-to-day operation, decision-making and management of the Fund (the Fund Manager).

### Lot Information

Lot 1

Established in 2010, D2N2 is a Local Enterprise Partnership (LEP) operating in the local authority areas of Derby, Derbyshire, Nottingham, and Nottinghamshire to grow the area's economy. Local enterprise partnerships are non-statutory bodies responsible for local economic development in England. D2N2 is one of the largest LEPs in England, with a population of more than two million people and with an economic output of over PS50.5 billion GVA (gross value added). D2N2 is looking to establish an early stage angel investment fund (the Fund) in order to promote equity investment in a core client group where intervention is required to stimulate real opportunity, namely early-stage, start-up businesses between 6 months to 2-years old, typically requiring small amounts of pre-seed and seed investment. D2N2 has up to PS4m to invest and requires a 1:1 co-investment rate from the successful Tenderer. D2N2 proposes a Limited Partnership fund structure for the Fund in order to deliver the investments. D2N2 is looking for a service provider who will be appointed to establish the Fund (including taking the role of General Partner of the Limited Partnership) and to be responsible for the day-to-day operation, decision-making and management of the Fund (the Fund Manager).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/030438-2024 |
| 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 Sep 2024 |
| Submission deadline | 11 Sep 2023 |
| Future notice date | Not specified |
| Award date | 30 Apr 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £340,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | D2N2 LOCAL ENTERPRISE PARTNERSHIP |
| Locality | NOTTINGHAM |
| Post town | Nottingham |
| Postcode | NG2 1EP |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF1 Derbyshire and Nottinghamshire |
| ITL 3 | TLF14 Nottingham |
| Local authority | Nottingham |
| Electoral ward | Meadows |
| Westminster constituency | Nottingham South |
| Delivery location | TLF East Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | HAATCH VENTURES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 24 Sep 2024 at 09:36 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/030438-2024
- 9 Aug 2023 at 09:09 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/023186-2023

## Notice URLs

- https://d2n2lep.org/
- https://procontract.due-north.com/Advert/Index?advertId=51d12d8f-8f36-ee11-8124-005056b64545
- https://www.eastmidstenders.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-03ee2a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03ee2a.json.