Published date: 3 April 2019

This notice was replaced on 4 June 2019

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 4 June 2019)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Banking and investment services - 66100000

Location of contract

North West

Value of contract

£320,000

Procurement reference

15200972

Published date

3 April 2019

Closing date

1 May 2019

Contract start date

1 July 2019

Contract end date

30 June 2024

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

This tender is for the establishment of a single supplier framework agreement for the provision of an Investment Fund Management service for the Rosebud finance scheme.
Rosebud finance (Rosebud) is a package of financial instruments for growing businesses in Lancashire County Council's administration area, provided by Lancashire County Developments Ltd (LCDL), which is a wholly owned subsidiary of the Council.
Whilst Rosebud has been an effective economic development tool for over 30 years, the Council are tendering on the basis of a new model for delivery which requires the new fund managers to manage a re-specified range of funds/products and where investment decision making will be more fully devolved.
The fund management service will work closely with LCDL to support the economic activities of the company and the Authority's Corporate Communications in the promotion of Rosebud.

More information

Links

About the buyer

Contact name

Rachel Jennings

Address

3rd Floor
Christ Church Precinct, County Hall
PRESTON
PR1 8XJ
England

Telephone

01772 535026

Email

contractscorporate@lancashire.gov.uk