---
title: "Scottish SME Debt Fund; Provision of Fund Manager"
ocid: "ocds-r6ebe6-0000469507"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000469507"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000469507.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000469507.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "SCOTTISH ENTERPRISE"
published: "2017-02-13"
---

# Scottish SME Debt Fund; Provision of Fund Manager

Buyer: SCOTTISH ENTERPRISE  
Current stage: Award  
OCID: ocds-r6ebe6-0000469507

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## Summary

The procurement process titled "Scottish SME Debt Fund; Provision of Fund Manager" is being conducted by Scottish Enterprise, located at Atrium Court, 50 Waterloo Street, Glasgow. This initiative is aimed at addressing the significant finance gap for Small and Medium Enterprises (SMEs) in Scotland, which is estimated to be between £330 million and £750 million. The procurement method is an open procedure, currently at the active tender stage, with a submission deadline set for 19th December 2016. The contract pertains to the services industry and is expected to support economic growth across Scotland.

This tender presents a substantial opportunity for companies involved in financial services, particularly those specialising in private equity investment management or debt management services. Businesses currently engaging in the provision of financial solutions or expertise related to SME financing would be well-suited to compete for this contract. Additionally, firms that can meet the financial criteria outlined, including a minimum turnover of £5 million per year for the last three years and appropriate insurance levels, are encouraged to apply as they could play a crucial role in supporting the local economy.

## Notice

The Scottish Government and Scottish Enterprise have gathered a body of evidence which clearly indicates that demand for finance is not being fully met during the current economic conditions. The Scottish Government published a report in August 2015 entitled 'The Market for SME Finance in Scotland' which estimates that a Scottish lending gap exists in the range of 330,000,000GBP to 750,000,000GBP, with loans up to 1,000,000GBP being considered the most challenging to obtain. Small and Medium Enterprises (SMEs) are essential to the Scottish economy and in delivering Scotland's Economic Strategy and a key factor in helping SMEs to grow, innovate, create jobs and seek opportunities in new markets is access to appropriate finance. Availability and accessibility of finance therefore underpins, and is an integral part of, an integrated approach to sustained company growth. It is therefore our intention to establish a new Scottish SME Debt Fund to help address this market gap.

### Lot Information

Lot 1

We have gathered a body of evidence which clearly indicates that demand for finance is not being fully met during the current economic conditions. The Scottish Government report 'The Market for SME Finance in Scotland' which estimates that a Scottish lending gap exists in the range of 330,000,000GBP to 750,000,000GBP, with loans up to 1,000,000GBP being considered the most challenging to obtain. Small and Medium Enterprises (SMEs) are essential to the Scottish economy and in delivering Scotland's Economic Strategy and a key factor in helping SMEs to grow, innovate, create jobs and seek opportunities in new markets is access to appropriate finance. Availability and accessibility of finance therefore underpins, and is an integral part of, an integrated approach to sustained company growth. It is therefore our intention establish a new Scottish SME Debt Fund to help address this market gap. An Open tender process will identify a Fund Manager to provide this service. The contract will not be divided into lots as this would make the execution of the contract excessively technically difficult.. Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) regulations 2015.

Renewal: Two consecutive one year extensions may be applied to this contract. This is included in the contract duration of 144 months stated above.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB273350 |
| 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 | Not specified |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Feb 2017 |
| Submission deadline | 19 Dec 2016 |
| Future notice date | Not specified |
| Award date | 13 Feb 2017 |
| 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 | Unsuccessful |
| Lots status | Unsuccessful |
| Awards status | Unsuccessful |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SCOTTISH ENTERPRISE |
| Locality | GLASGOW |
| Post town | Glasgow |
| Postcode | G2 6HQ |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM32 Glasgow City |
| Local authority | Glasgow City |
| Electoral ward | Anderston/City/Yorkhill |
| Westminster constituency | Glasgow North |
| Delivery location | TLM Scotland |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services

## Release History

- 13 Feb 2017 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB273350
- 16 Nov 2016 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV264132

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV264132&idx=2
  18th November 2016 - Management Agreement in respect of the Scottish SME Debt Fund LP.
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV264132&idx=3
  18th November 2016 - Side Letter in respect of the Scottish SME Debt Fund LP.
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV264132&idx=4
  18th November 2016 - Invitation to Tender in respect of the Scottish SME Debt Fund LP
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV264132&idx=5
  18th November 2016 - Please complete the attached ESPD and return with your tender response.
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV264132&idx=1
  18th November 2016 - Limited Partnership Agreement in respect of the Scottish SME Debt Fund Limited Partnership.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV264132
  Scottish SME Debt Fund; Provision of Fund Manager - The Scottish Government and Scottish Enterprise have gathered a body of evidence which clearly indicates that demand for finance is not being fully met during the current economic conditions. The Scottish Government published a report in August 2015 entitled 'The Market for SME Finance in Scotland' which estimates that a Scottish lending gap exists in the range of 330,000,000GBP to 750,000,000GBP, with loans up to 1,000,000GBP being considered the most challenging to obtain. Small and Medium Enterprises (SMEs) are essential to the Scottish economy and in delivering Scotland's Economic Strategy and a key factor in helping SMEs to grow, innovate, create jobs and seek opportunities in new markets is access to appropriate finance. Availability and accessibility of finance therefore underpins, and is an integral part of, an integrated approach to sustained company growth. It is therefore our intention to establish a new Scottish SME Debt Fund to help address this market gap.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB273350
  Scottish SME Debt Fund; Provision of Fund Manager - The Scottish Government and Scottish Enterprise have gathered a body of evidence which clearly indicates that demand for finance is not being fully met during the current economic conditions. The Scottish Government published a report in August 2015 entitled 'The Market for SME Finance in Scotland' which estimates that a Scottish lending gap exists in the range of 330,000,000GBP to 750,000,000GBP, with loans up to 1,000,000GBP being considered the most challenging to obtain. Small and Medium Enterprises (SMEs) are essential to the Scottish economy and in delivering Scotland's Economic Strategy and a key factor in helping SMEs to grow, innovate, create jobs and seek opportunities in new markets is access to appropriate finance. Availability and accessibility of finance therefore underpins, and is an integral part of, an integrated approach to sustained company growth. It is therefore our intention to establish a new Scottish SME Debt Fund to help address this market gap.

## Notice URLs

- http://
- http://www.publiccontractsscotland.gov.uk
- http://www.scottish-enterprise.com/
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000469507
- https://www.scottish-enterprise.com/help/contact-us

## 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-r6ebe6-0000469507. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000469507.json.