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

The procurement contact named on the official notice.

The Cambridgeshire and Peterborough Combined Authority (CPCA) is awarding two contracts to manage funding schemes, Fund 1 and Fund 2.

The authority required delivery partners to manage both funds under two separate contracts.

The term of the contracts will be 3 years plus an optional further year’s extension.

The fund's lifetime will be 10 years, with 3–4 years of investment and 6–7 years of realisation.

This includes an annual review of the programme after the completion of the contract.

The advice retainer will mirror this arrangement in terms of being available to the CPCA for a 10-year period.

The funding schemes are: Fund 1 is a growth fund aimed at providing equity or debt funding to high-growth potential businesses that do not have access to funding from other sources.

The priority sector will be green-tech businesses, plus businesses that want to invest in reducing their carbon emissions with equity investment and loans of £100,000-£500,000 to support business growth.

Fund 2: a fund aimed at providing grants or loans to third-sector businesses that do not have access to funding from other sources.

This will consist of smaller loans or grants of less than £75,000 to support third-sector businesses and organisations.