Business Growth and Social Impact Investment Fund Management
- Published
- 11 November 2024
- Estimated value
- £500,010
- Place of performance
- UKH11
- Procedure
- Open procedure
- Notice number
- 036506-2024
- Reference
- ocds-h6vhtk-040cc4
- Official source
- Official source
CPV codes
- 66000000Financial and insurance services
Description
The Cambridgeshire and Peterborough Combined Authority (CPCA) is awarding two contracts to manage funding schemes, Fund 1 and Fund 2. The authority required delivery partners to manage both funds under two separate contracts. The term of the contracts will be 3 years plus an optional further year’s extension. The fund's lifetime will be 10 years, with 3–4 years of investment and 6–7 years of realisation. This includes an annual review of the programme after the completion of the contract. The advice retainer will mirror this arrangement in terms of being available to the CPCA for a 10-year period. The funding schemes are: Fund 1 is a growth fund aimed at providing equity or debt funding to high-growth potential businesses that do not have access to funding from other sources. The priority sector will be green-tech businesses, plus businesses that want to invest in reducing their carbon emissions with equity investment and loans of £100,000-£500,000 to support business growth. Fund 2: a fund aimed at providing grants or loans to third-sector businesses that do not have access to funding from other sources. This will consist of smaller loans or grants of less than £75,000 to support…
Lots (2)
| Lot | Description | CPV code | Amount |
|---|---|---|---|
| 1 | Lot 1 | 66000000 Financial and insurance services | — |
| 2 | Lot 2 | 66000000 Financial and insurance services | — |
Awards
| Awarded to | Amount | Date |
|---|---|---|
| The FSE Group | — | — |
| Allia Future Business Centre | — | — |
Official publications
- FTS · 036506-2024 · 11 November 2024
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £500,010.
- Who is the buyer of this tender?
- The contracting authority is Cambridgeshire & Peterborough Combined Authority (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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