--- title: "Liverpool City Region Seed Fund: Fund Manager" ocid: "ocds-h6vhtk-043c70" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-043c70" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-043c70.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-043c70.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "LCRCA" published: "2024-02-23" --- # Liverpool City Region Seed Fund: Fund Manager Buyer: LCRCA Current stage: Planning OCID: ocds-h6vhtk-043c70 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-043c70) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-043c70.json) ## Summary The Liverpool City Region Combined Authority is planning a procurement process for the Liverpool City Region Seed Fund: Fund Manager. This procurement falls under financial and insurance services and is in the services category. The procurement stage is planned, with the intended issue date for tender documents being 15 April 2024. The Fund aims to invest in businesses with high growth potential in specific sectors within the Liverpool City Region. The buying organisation, Liverpool City Region Combined Authority, is a regional authority located in Liverpool, United Kingdom. This tender presents an opportunity for businesses involved in advanced manufacturing, health and life sciences, and digital and creative industries to compete for managing the Seed Fund. Interested parties can express their interest by emailing the procurement team before the deadline at 18.00 on 7th March. Businesses with expertise in fund management, investment strategies, and innovation ecosystems would be well-suited to participate in this tender. The procurement method is a tender, and the procurement process is initiated by the Liverpool City Region Combined Authority in line with their commitment to stimulate high-growth businesses in the region. ## Notice Liverpool City Region Combined Authority: Liverpool City Region Seed Fund Please note that as per I.3. Communication above, the tender documents are not yet accessible on the Chest; the intended issue date is 15 April 2024. Further information regarding this requirement is detailed below at II.2.4. Description of the procurement (nature and quantity of works, supplies or services or indication of needs and requirements) ### Lot Information Lot 1 Liverpool City Region Combined Authority: Liverpool City Region Seed Fund Background: Led by the Metro Mayor, Steve Rotheram, the Combined Authority has prioritised innovation, enterprise and entrepreneurship to drive economic growth and create high value jobs. Liverpool City Region is backing innovators with great ideas and world-class products - turning them into high-growth businesses that offer quality jobs and add to UK plc's bottom line. Liverpool City Region has one of the UK's most developed place-based innovation eco-systems. However, despite high business birth rates, Liverpool City Region has relatively low levels of high growth enterprises. This is in part due to a lack of finance at the crucial seed stage of investment. Research commissioned by Liverpool City Region Combined Authority indicates that 'providers of Seed Fund investment in Liverpool City Region are limited' despite a strong pipeline of demand. Liverpool City Region Combined Authority has committed to investing in the LCR Seed Fund. The Combined Authority is leading on the procurement and selection of a Fund Manager. This forms part of a wider programme of activity to stimulate the growth of early-stage businesses with high-growth potential. The Liverpool City Region Seed Fund will invest in businesses with high growth potential in return for equity stake. The Fund will focus on investment opportunities in the Liverpool City Region clusters of opportunity. * Advanced Manufacturing * Health and Life Sciences * Digital and Creative The CA will be the founding partner in the Seed Fund and provide a commitment of PS10m. There is an ambition to leverage additional private investment to maximise the impacts of the Fund. Brief Description of Requirement: The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to meet the objectives of the Fund. This will include consideration of the scale of Fund, options to leverage additional investment and proposals to embed activity in the Liverpool City Region Innovation Eco-System. Expressions of Interest: At this time LCRCA is seeking to make the market aware of the opportunity and we welcome interested parties to respond with an expression of interest to this notice by emailing Tender@liverpoolcityregion-ca.gov.uk and john.willis@liverpoolcityregion-ca.gov.uk. Deadline 18.00 7th March ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/005942-2024 | | Notice type | Planning Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 23 Feb 2024 | | Submission deadline | Not specified | | Future notice date | 14 Apr 2024 | | 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 | Planned | | Lots status | Planned | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | LCRCA | | Locality | LIVERPOOL | | Post town | Liverpool | | Postcode | L3 1BP | | Country | England | | ITL 1 | TLD North West (England) | | ITL 2 | TLD7 Merseyside | | ITL 3 | TLD72 Liverpool | | Local authority | Liverpool | | Electoral ward | Waterfront South | | Westminster constituency | Liverpool Riverside | | Delivery location | TLD7 Merseyside | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 23 Feb 2024 at 11:52 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/005942-2024 ## Notice URLs - https://www.liverpoolcityregion-ca.gov.uk/ - https://www.the-chest.org.uk ## 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-043c70. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-043c70.json.