Specialist consultancy to assist with establishment of new ERDF-supported VC Fund of Funds
Estimated value
£80k
Awarded value
£60k
Suppliers
1
Lots
1
Published
17 Jun 2019
Description
To secure expert advice and support to finalise the establishment of a new, publicly-backed venture capital holding fund in the North East LEP area, in succession to Finance for Business North East. Active engagement is required from an advisor with detailed knowledge and prior experience of such funds and, ideally, good knowledge of the relevant stakeholders in North East England. The consultant will work closely with the Project Delivery Team to support the later stages of fund manager procurement; complex financial modelling; creation of investment policy documentation; engagement with stakeholders on all aspects of project development and delivery; senior level presentations; negotiations with the European Investment Bank and other funders; creating governance structures and coordination of recruitment activities.
Scope
- Reference
- NEA2F/031
- Total value
- £80,000 excluding VAT
- Commercial tool
- Standalone contract
- Contract dates
- 25 Sept 2016 to 30 Mar 2017
- CPV classifications
- 66171000
- Particular suitability
- Small and medium-sized enterprises (SME)
Submission & procedure
- Submission deadline
- 15 Sept 2016, 11:00 pm
Award details
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
£60k
Award date
21 Sept 2016
Contract start
25 Sept 2016
Contract end
30 Mar 2017