---
title: "The Provision of Legal Services to the Teesside Flexible Investment Fund"
ocid: "ocds-h6vhtk-045435"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-045435"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-045435.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-045435.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "DEVELOPMENT BANK OF WALES"
published: "2025-01-22"
---

# The Provision of Legal Services to the Teesside Flexible Investment Fund

Buyer: DEVELOPMENT BANK OF WALES  
Current stage: Award  
OCID: ocds-h6vhtk-045435

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## Summary

The Development Bank of Wales is seeking to appoint a legal panel for the Teesside Flexible Investment Fund (TFIF) through an open procurement process. The tender, titled "The Provision of Legal Services to the Teesside Flexible Investment Fund," falls under the services category with a specific focus on legal services (CPV code: 79100000). The fund, established with GBP 20 million from the Teesside Pension Fund, aims to support business succession and property development projects in Teesside. Firms interested in this opportunity must have a presence in the Tees Valley and demonstrate experience in both succession and property development investments. The tender period ends on 24 May 2024, and all submissions should follow the open procedure method detailed in the Invitation to Tender.

This tender offers significant growth opportunities for legal firms, especially those with expertise in succession investments and property development. Small and medium-sized enterprises (SMEs) and larger firms that can demonstrate sufficient resources, relevant skills, and technical abilities are encouraged to participate. The successful legal panel will be appointed on a call-off basis and expected to support the TFIF over its five-year term, fostering local economic growth and employment. The panel will be instrumental in ensuring the fund's successful delivery, underpinning substantial projects in the region, and positioning themselves as key legal advisors in Teesside's economic development initiatives.

## Notice

Teesside Flexible Investment Fund The Teesside Flexible Investment Fund ("TFIF") is a GBP20m fund established in April 2024 with financial support from the Teesside Pension Fund to facilitate the delivery of business succession and property development projects in Teesside that support economic growth and create employment. The fund can also facilitate the delivery of contracts, although this is outside of the scope of this procurement. The fund can provide funding from GBP250,000 to GBP3,000,000 over a maximum five (5) year term. 2.4 FWC as Fund Managers of the TFIF, are seeking to appoint an experienced legal panel on a call off basis to be utilised as and when required to support the role out of the fund. Further information can be obtained from the Invitation to Tender

### Lot Information

Lot 1

Requirements for the contract include: Firms must have a physical presence in Tees Valley; - Firms must be able to demonstrate they have the relevant skills, technical ability, and experience to advise on all aspects of succession investments including but not limited to: - Equity, equity option and loan agreements & associated documents. - Debentures. - Legal charges. - Deeds Of Priority and Intercreditor Agreements. - Personal and corporate guarantees. - Articles of Association and Shareholder Agreements. - Service Agreements. - Transfer of IP and other assets, assignment of contracts. - Share transfers. - Companies House documentation. - Firms must be able to demonstrate they have the relevant skills, technical ability, and experience to advise on all aspects of property development investments including but not limited to: - Legal charges over land and property. - Report on Title. - Build Contracts. - Collateral Warranties. - Leases, pre-sale, and pre-let agreements. - Firms must be able to demonstrate they have sufficient resources in place to deliver the Services in a timely manner and that they represent good value for money for the Services delivered. - Firms must be able to demonstrate how they can add value to the Fund Manager in the delivery of the TFIF over its lifetime. Further information can be found within the Invitation to Tender.

Renewal: The panel will be in place for an initial two (2) years with the option for FWC to make up to four (4) further extensions of twenty four (24) months each.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/002284-2025 |
| 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, SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 22 Jan 2025 |
| Submission deadline | 24 May 2024 |
| Future notice date | Not specified |
| Award date | 1 Jul 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £310,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £300,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEVELOPMENT BANK OF WALES |
| Locality | CARDIFF |
| Post town | Cardiff |
| Postcode | CF10 4BZ |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL5 South East Wales |
| ITL 3 | TLL52 Cardiff and Vale of Glamorgan |
| Local authority | Cardiff |
| Electoral ward | Butetown |
| Westminster constituency | Cardiff South and Penarth |
| Delivery location | TLC1 Tees Valley and Durham |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 4 |
| Supplier names | MUCKLE; SQUARE ONE LAW; THE ENDEAVOUR PARTNERSHIP; WARD HADAWAY |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79100000 - Legal services
- 79111000 - Legal advisory services
- 79140000 - Legal advisory and information services

## Release History

- 22 Jan 2025 at 16:20 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/002284-2025
- 13 Nov 2024 at 08:45 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/036664-2024
- 22 Apr 2024 at 15:45 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/013037-2024

## Notice URLs

- https://etenderwales.bravosolution.co.uk
- https://etenderwales.bravosolution.co.uk/web/login.shtml
- https://fwcapital.co.uk
- https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0555

## 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-045435. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-045435.json.