Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017
Estimated value
£23.0m
Awarded value
£23.0m
Suppliers
1
Lots
1
Published
14 Jun 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
Awarded suppliers· 1 supplier
Awarded 12 Jun 2017 · Contract period 12 Jun 2017 — 31 Dec 2018