RFP QuestBeta
Awarded · ResultStage · contract

NORTH EAST ACCESS TO FINANCE LIMITED

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

Financial ServicesCPV 66171000
Value£60k
Awarded15 Sept 2016
Published17 Jun 2019
RegionNorth East
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£60ktotal contract value
median £150k
this tender£0£4.7m

This sits in the lower-middle of the Financial & Insurance Services band — a mid-scale opportunity. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

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.

Requirements

What the notice asks for

01

To secure expert advice and support

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.

02

Active engagement is required from an advisor

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.

Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.

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Source & provenance
OCID
14ea552f-0bb9-49a0-8186-de6ddd119b89
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
NEA2F/031
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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