Specialist consultancy to assist with establishment of new ERDF-supported VC Fund of Funds

NORTH EAST ACCESS TO FINANCE LIMITEDcontractContracts FinderRef NEA2F/031SME suitablecomplete
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Estimated value

£80k

Awarded value

£60k

Awarded 21 Sept 2016

Suppliers

1

Lots

1

1 awarded

Published

17 Jun 2019

Deadline 15 Sept 2016

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

Awarded to