Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017

Estimated value

£23.0m

Awarded value

£23.0m

Awarded 12 Jun 2017

Suppliers

1

Lots

1

1 awarded

Published

14 Jun 2017

Deadline 01 Jan 2017

Description

Funding London is the trading name of SME Wholesale Finance (London) Limited. Funding London have competitively selected five additional organisations to become co-investment partners with theLCIF. The selected partners will enter into co-investment agreements with the LCIF with an investment period of 18 months. The aims of the LCIF are as follows:- To invest 23m GBP into high-growth early stage Science, Digital and Technology businesses in Londonduring a three year period;- To achieve a target across the fund of 2.9 GBP of private sector investment for every 1 GBP invested byLCIF;- To generate approx. 2 653 jobs as a result of the investments being made; and- To maximise returns from exits to enable further investment in later years.

Scope

Reference
MT198891
Total value
£23,000,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
12 Jun 2017 to 31 Dec 2018
CPV classifications
66000000

Submission & procedure

Submission deadline
01 Jan 2017, 12:00 am

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£23.0m

Award date

12 Jun 2017

Contract start

12 Jun 2017

Contract end

31 Dec 2018