--- title: "Fund Advisory Services for Ambition North Wales Clean Energy Fund" ocid: "ocds-h6vhtk-0493ef" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0493ef" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0493ef.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0493ef.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "AMBITION NORTH WALES" published: "2024-08-26" --- # Fund Advisory Services for Ambition North Wales Clean Energy Fund Buyer: AMBITION NORTH WALES Current stage: Tender OCID: ocds-h6vhtk-0493ef [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0493ef) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0493ef.json) ## Summary Ambition North Wales, a regional authority, is actively seeking bids for Fund Advisory Services under the title "Fund Advisory Services for Ambition North Wales Clean Energy Fund". This tender, classified under the industry category of financial consultancy and related services, falls within the main procurement category of services. Located in North Wales, this procurement process is in the tender stage with key deadlines indicated by the tender period's end date on 30th September 2024 at 10:00 AM. The procurement method is an open procedure, ensuring transparency and accessibility for interested parties. The tender consists of two distinct lots: Third Sector Fund Advisor services and Private Sector Fund Advisor services, each with specified stages of work including the development of an investment strategy and advisory support during deployment. This tender presents considerable opportunities for businesses specializing in financial consultancy, energy consultancy, or related research and development services. Companies with a proven track record in fund management, particularly within the clean energy sector, would find this project beneficial for enhancing their portfolio and expanding their service offerings. Given the requirement for highly qualified and experienced Fund Advisors, particularly those with expertise in renewable energy and decarbonisation initiatives, businesses that align with these specialties are well-positioned to benefit from this opportunity. The potential for a contract renewal of up to two additional years also provides a chance for sustained collaboration and business growth. ## Notice We are seeking suitably qualified and experienced Fund Advisor Services for our Clean Energy Fund. Our 2025 Clean Energy Fund will aim to support initiatives across North Wales which: - help achieve renewable energy and decarbonisation targets - have an element of local ownership The Fund will also help unlock private and community investment in new energy projects ### Lot Information Third Sector Fund Advisor services Ambition North Wales is seeking to procure a competent and experienced Fund Advisor(s)* for the Third Sector and Private Sector sub-funds. The tender consists of two separate lots for the provision of the Fund Advisor services for the two sub-funds, as per: -Lot 1: Third Sector Fund Advisor services -Lot 2: Private Sector Fund Advisor services As such, bids will be received for Lot 1 and Lot 2 separately. If a bidder is bidding for both the Third Sector and Private Sector sub-fund Fund Advisor services, they will need to submit separate responses to the required technical and commercial questions for lots 1 and 2. The Fund Advisor services for Lot 1 and Lot 2 both comprise the following two distinct stages of work: -Stage 1: The first stage will involve supporting the development of the investment strategy for the sub-fund and assisting with preparation for launch. -Stage 2: The second stage will focus on advisory support to operate the sub-fund during the deployment period. Progression to stage 2 of the contract is dependent on: - 3.1.1. performance in stage 1 of the contract, and - 3.1.2. Economic Ambition Board's approval of the Fund Investment Strategy, Fund Management Plan and Fund Communication and Engagement Strategy that will form part of Ambition North Wales' Full Business Case submission. Renewal: possible extension of two years Private Sector Fund Advisor services Ambition North Wales is seeking to procure a competent and experienced Fund Advisor(s)* for the Third Sector and Private Sector sub-funds. The tender consists of two separate lots for the provision of the Fund Advisor services for the two sub-funds, as per: -Lot 1: Third Sector Fund Advisor services -Lot 2: Private Sector Fund Advisor services As such, bids will be received for Lot 1 and Lot 2 separately. If a bidder is bidding for both the Third Sector and Private Sector sub-fund Fund Advisor services, they will need to submit separate responses to the required technical and commercial questions for lots 1 and 2. The Fund Advisor services for Lot 1 and Lot 2 both comprise the following two distinct stages of work: -Stage 1: The first stage will involve supporting the development of the investment strategy for the sub-fund and assisting with preparation for launch. -Stage 2: The second stage will focus on advisory support to operate the sub-fund during the deployment period. Progression to stage 2 of the contract is dependent on: - 3.1.1. performance in stage 1 of the contract, and - 3.1.2. Economic Ambition Board's approval of the Fund Investment Strategy, Fund Management Plan and Fund Communication and Engagement Strategy that will form part of Ambition North Wales' Full Business Case submission. Renewal: Possible extension of two years ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/027202-2024 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 26 Aug 2024 | | Submission deadline | 30 Sep 2024 | | 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 | 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 | TLL Wales, TLL11 Isle of Anglesey | ## CPV Codes ### Divisions - 65 - Public utilities - 66 - Financial and insurance services - 71 - Architectural, construction, engineering and inspection services - 73 - Research and development services and related consultancy services ### Codes - 65400000 - Other sources of energy supplies and distribution - 66170000 - Financial consultancy, financial transaction processing and clearing-house services - 71314000 - Energy and related services - 71314200 - Energy-management services - 71314300 - Energy-efficiency consultancy services - 73000000 - Research and development services and related consultancy services ## Release History - 26 Aug 2024 at 11:57 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/027202-2024 ## Notice URLs - https://ambitionnorth.wales/ - https://www.sell2wales.gov.wales/ - https://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=144060 - https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0361 - https://www.sell2wales.gov.wales/sitehelp/help_guides.aspx ## 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-0493ef. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0493ef.json.