---
title: "BCU-FTS-59434 - Appointment of Investment Managers for Charitable Funds"
ocid: "ocds-h6vhtk-054e9d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-054e9d"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-054e9d.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-054e9d.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "BETSI CADWALADR UNIVERSITY HEALTH BOARD"
published: "2025-09-12"
---

# BCU-FTS-59434 - Appointment of Investment Managers for Charitable Funds

Buyer: BETSI CADWALADR UNIVERSITY HEALTH BOARD  
Current stage: Award  
OCID: ocds-h6vhtk-054e9d

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## Summary

Betsi Cadwaladr University Health Board, based in Bangor, has completed the procurement process entitled "BCU-FTS-59434 - Appointment of Investment Managers for Charitable Funds". This procurement, following an open procedure, was aimed at appointing an investment manager to manage charitable fund investments with an ethical investment policy in place. The tender process was managed by the NHS Wales Shared Services Partnership, hosted by Velindre University NHS Trust. The procurement was in the financial and insurance services category and covered multiple regions across the United Kingdom. The procurement method was active from June 2025, with the tender process concluding at midday on 14 July 2025, and the award process finalised by August 2025. The contract period is set to commence on 1 October 2025 and conclude on 30 September 2029, with options for renewal up to 2030 contingent on supplier performance.

This tender represents an opportunity for businesses specialising in financial and investment management services with a focus on ethical financing. Businesses capable of ensuring adherence to ethical investment principles, while optimising returns for charitable funds, were well-suited to compete. The contract was awarded to Brewin Dolphin Limited, highlighting the potential for large-scale financial service firms to secure significant contracts underpinned by ethical investment strategies. Such tenders promote business growth by diversifying service portfolios and establishing longer-term relationships with healthcare entities in the public sector. SMEs and VCSEs were encouraged to participate, although the final stage of the procurement did not attract bids from these sectors, indicating a potential area for market expansion and development.

## Notice

Many of the donations and legacies received by the Charity cannot be spent right away as they need to be accumulated in order to fund the most pressing and relevant items to improve patient care. As a result, the charity invests these contributions in order to earn income and protect their 'real-worth'. An investment manager is required to manage these investments, in order to maximise the return to the Charity, whilst minimising the risk. The Charity has adopted an ethical framework for investments with underlying principles supporting an ethical component of the overall investment strategy. This gives direction to the investment manager to develop a suitable investment strategy which is consistent with these ethical principles whilst affording sufficient flexibility to provide the best balance of risk and reward for the Charity. The current Ethical Investments Policy states: It is recommended that there is negative exclusion of investment in companies manufacturing and distributing: - Alcoholic products; - Tobacco products; and - Any products which may be considered in conflict with the Health Board's activities. Investment is not permitted in companies which have a poor record in human rights and child exploitation or which derive their profits from countries with poor human rights records

### Lot Information

Lot 1

Renewal: option to extend for a further two 12-month periods subject to supplier performance and internal Health Board approval.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/056364-2025 |
| Notice type | UK6 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Sep 2025 |
| Submission deadline | 14 Jul 2025 |
| Future notice date | Not specified |
| Award date | 11 Sep 2025 |
| Contract period | 30 Sep 2025 - 30 Sep 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £250,000 |
| Lots value | £250,000 |
| Awards value | £199,499 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Pending |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BETSI CADWALADR UNIVERSITY HEALTH BOARD |
| Additional buyers | NHS WALES SHARED SERVICES PARTNERSHIP (HOSTED BY VELINDRE UNIVERSITY NHS TRUST) |
| Locality | BANGOR |
| Post town | Llandudno |
| Postcode | LL57 2PW |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL5 South East Wales |
| ITL 3 | TLL51 Central Valleys and Bridgend |
| Local authority | Rhondda Cynon Taf |
| Electoral ward | Taff's Well |
| Westminster constituency | Cardiff North |
| Delivery location | TLL11 Isle of Anglesey, TLL12 Gwynedd, TLL13 Conwy and Denbighshire, TLL23 Flintshire and Wrexham |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BREWIN DOLPHIN |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 12 Sep 2025 at 16:08 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/056364-2025
- 17 Jun 2025 at 16:12 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/033092-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/056364-2025
  12th September 2025 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/033092-2025
  17th June 2025 - Tender notice on Find a Tender

## Notice URLs

- http://nwssp.nhs.wales/ourservices/procurement-services/
- https://etenderwales.bravosolution.co.uk/web/login.shtml
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-054e9d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-054e9d.json.