--- title: "ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance" ocid: "ocds-h6vhtk-04b31e" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04b31e" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04b31e.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04b31e.json" source: "Find A Tender Service" current_stage: "Award" buyer: "ARTS COUNCIL ENGLAND" published: "2025-03-05" --- # ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance Buyer: ARTS COUNCIL ENGLAND Current stage: Award OCID: ocds-h6vhtk-04b31e [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04b31e) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04b31e.json) ## Summary Arts Council England has concluded the procurement process named "ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance," aimed at supporting the administration of the Cultural Recovery Fund loans programme. This initiative falls within the "services" category and covers accounting services for arts and culture organisations across the UK. The procurement was conducted using an open procedure, and the contracts were awarded on 20th February 2025 for a value of £166,666.67. The opportunity was open for small to medium enterprises (SMEs) and categorised into two lots: Level 1 for smaller organisations with a turnover under £15 million, and Level 2 for larger organisations with a turnover above £15 million. The contract has the potential for extension subject to funding, with a maximum end date of 16th February 2029. This tender provides significant opportunities for businesses offering financial advisory services, particularly those familiar with the arts and culture sector and capable of handling complex financial reviews. It is well-suited for SMEs with expertise in accounting and finance, offering a chance to engage in long-term contracts and substantial collaboration with public bodies like Arts Council England and DCMS. The framework emphasises quality and technical proficiency, making it ideal for firms with a strong track record in financial advisory and management. This initiative ensures growth and stability for businesses within the arts and culture financial advisory domain. ## Notice Arts Council England are conducting a Procurement for a Framework of Financial Advisors to support with the administration of the Cultural Recovery Fund loans programme. As part of the government's response to the Covid 19 crisis, the Department for Culture, Media and Sport (DCMS) made 37 loans to arts and culture organisations, investing PS250 million. DCMS are the Lender for the loans, and Arts Council acts as their loan agent. A dedicated repayable finance team manages the day-to-day responsibility of the loan book management, monitoring, and reporting. From time to time, ACE requires an independent and impartial review of a borrower organisation and its financial model to support our decisions regarding their loans - referred to as Financial Advisors. ### Lot Information Lot 1: will cover Level 1 borrower organisations (typically small to medium sized arts and culture organisations, with a turnover of roughly under PS15 million) Lot 1: will cover Level 1 borrower organisations (typically small to medium sized arts and culture organisations, with a turnover of roughly under PS15 million). Other factors such as: the nature of the lender's (DCMS) security documentation, structure of the borrower organisation, and any other debt belonging to the borrower organisation, will all affect the complexity of the review, and classification of borrower organisations into the lots by the project team. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/565EGV5477 Options: Subject to funding and budget approval, ACE may extend the contract by 2 periods of up to 12 months each, therefore the maximum contract end date is 23rd February 2029. Renewal: Subject to funding and budget approval, ACE may extend the contract by 2 periods of up to 12 months each, therefore the maximum contract end date is 16th February 2029. Lot 2: will cover Level 2 borrower organisations (typically large arts and culture organisations, with a turnover of roughly PS15 million or above) Lot 2: will cover Level 2 borrower organisations (typically large arts and culture organisations, with a turnover of roughly PS15 million or above). Other factors such as: the nature of the lender's (DCMS) security documentation, structure of the borrower organisation, and any other debt belonging to the borrower organisation, will all affect the complexity of the review, and classification of borrower organisations into the lots by the project team. Options: Subject to funding and budget approval, ACE may extend the contract by 2 periods of up to 12 months each, therefore the maximum contract end date is 23rd February 2029. Renewal: Subject to funding and budget approval, ACE may extend the contract by 2 periods of up to 12 months each, therefore the maximum contract end date is 16th February 2029. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/008096-2025 | | Notice type | Tender Notice | | Procurement type | Framework | | 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 | 5 Mar 2025 | | Submission deadline | 2 Dec 2024 | | Future notice date | Not specified | | Award date | 20 Feb 2025 | | Contract period | 17 Feb 2025 - 16 Feb 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £200,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | £166,666 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Cancelled | | Awards status | Active | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | ARTS COUNCIL ENGLAND | | Locality | MANCHESTER | | Post town | Manchester | | Postcode | M1 1FN | | Country | England | | ITL 1 | TLD North West (England) | | ITL 2 | TLD3 Greater Manchester | | ITL 3 | TLD33 Manchester | | Local authority | Manchester | | Electoral ward | Piccadilly | | Westminster constituency | Manchester Central | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | FESTIVALS AND EVENTS INTERNATIONAL | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79211000 - Accounting services - 79212500 - Accounting review services ## Release History - 5 Mar 2025 at 16:05 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/008096-2025 - 31 Oct 2024 at 19:05 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/035401-2024 ## Notice URLs - https://www.artscouncil.org.uk/supplying-arts-council - https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=931466015 - https://www.delta-esourcing.com/respond/565EGV5477 - https://www.delta-esourcing.com/tenders/UK-UK-Manchester:-Accounting-services./3S4BS97766 - https://www.delta-esourcing.com/tenders/UK-UK-Manchester:-Accounting-services./565EGV5477 ## 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-04b31e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04b31e.json.