---
title: "The Provision of Legal Services to the Teesside Flexible Investment Fund"
ocid: "ocds-kuma6s-140891"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-kuma6s-140891"
markdown_url: "https://d3tenders.com/contract/ocds-kuma6s-140891.md"
json_url: "https://d3tenders.com/contract/ocds-kuma6s-140891.json"
source: "Sell2Wales"
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-kuma6s-140891

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## Summary

The Development Bank of Wales has completed a procurement process under the title "The Provision of Legal Services to the Teesside Flexible Investment Fund" in the Economic affairs industry category. The procurement involves a legal panel appointed to support the Teesside Flexible Investment Fund (TFIF), which aims to facilitate business succession and property development projects in Teesside. This GBP 20 million Fund, established in April 2024, provides funding from GBP 250,000 to GBP 3,000,000 over a maximum five-year term. The procurement process has reached the Award stage, with the contract signed on 9th July 2024. The open procedure method was used, and the main procurement category is services. The procurement includes a call-off basis requirement for legal services when needed throughout the Fund's duration. The appointed suppliers include THE ENDEAVOUR PARTNERSHIP LLP, Muckle LLP, Square One Law LLP, and WARD HADAWAY LLP.

This tender presents significant opportunities for businesses specializing in legal services, especially those with expertise in succession investments and property development. The requirements include a physical presence in Tees Valley and demonstrable skills and technical ability in various legal aspects related to equity, loan agreements, property development, and associated legal documents. SMEs with relevant experience and a strategic approach to supporting economic growth in Teesside would be well-suited to compete. With the substantial financial backing and a clear focus on economic development and employment creation, businesses can leverage this procurement to expand their client base and contribute to significant regional projects.

## 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 | Sell2Wales |
| Latest notice | https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=140891 |
| Notice type | OJEU - F3 - Contract Award 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 | 2 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 | Complete |
| Awards status | Not specified |
| 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 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=140891
- 13 Nov 2024 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=140891
- 22 Apr 2024 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=140891

## Documents

- https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=APR475477
  The Provision of Legal Services to the Teesside Flexible Investment Fund - 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
- https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=NOV494473
  The Provision of Legal Services to the Teesside Flexible Investment Fund - 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
- https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=JAN497254
  The Provision of Legal Services to the Teesside Flexible Investment Fund - 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

## Notice URLs

- https://api.sell2wales.gov.wales/v1?lang=cy/Notice?id=ocds-kuma6s-140891
- https://etenderwales.bravosolution.co.uk
- https://etenderwales.bravosolution.co.uk/web/login.shtml
- https://fwcapital.co.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-kuma6s-140891. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-kuma6s-140891.json.