High Growth Accelerator Programme - Contract Award Notice

West Midlands Combined AuthoritycontractContracts FinderRef tender_397426/1365133complete
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Estimated value

£1.7m

Awarded value

£1.7m

Awarded 22 May 2024

Suppliers

1

Lots

1

1 awarded

Published

12 Jun 2024

Deadline 20 Dec 2023

Description

Contract Award Notice confirming the award of a contract for the High Growth Accelerator Programme for the period 05/06/24 to 31/03/25. The aim of this programme is to provide intensive and in-depth support for 50 high-growth SMEs (as defined by sections 382 and 465 of the Companies Act) in the West Midlands, ending in March 2025. The support will help these firms to manage their growth in a more sustainable way, ensuring that their growth continues higher, longer, and more sustainably than may have been without the support. We define a "high-growth firm" as an enterprise with average annualised growth in employees or turnover greater than 20 percent per annum, over a two-year period, and with a turnover of greater than £1 million per annum in the most recent accounts (or which has raised more than £500,000 in equity from external investors).

Scope

Reference
tender_397426/1365133
Total value
£1,705,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
04 Jun 2024 to 30 Mar 2025
CPV classifications
79400000

Submission & procedure

Submission deadline
20 Dec 2023, 5:00 pm

Award details

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

Awarded value

£1.7m

Award date

22 May 2024

Contract start

04 Jun 2024

Contract end

30 Mar 2025