Published date: 3 December 2020

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 23 November 2020, 12pm

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

England

Value of contract

£0

Procurement reference

LGSS001-DN508105-01376186

Published date

3 December 2020

Closing date

23 November 2020

Closing time

12pm

Contract start date

1 December 2020

Contract end date

30 November 2021

Contract type

Service contract

Procedure type

Other

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

Cambridgeshire County Council's (CCC) Commercial Vision is to: Develop a range of commercial activity which delivers financial and social return by becoming a Council which uses its assets, skills and position to generate significant levels of new income to support delivery of crucial front line services. To this end one of its key themes is Acquisition and Investments.

The objective of the investment portfolio is to acquire investments that make a secure and increasing contribution to the Authority's revenue streams in order to support the delivery of frontline services to our communities. This is achieved by;
•Acquiring investments that provide long term returns to support the delivery of the Council's desired outcomes;
•Creating a portfolio that balances risk and rewards that are aligned to the Council's risk appetite and Environmental, Social and Corporate Governance (ESG) requirements;
•Developing a portfolio that yields a stable income stream for the Council;
•Making investments in funds/assets that seek to protect the capital invested;
•Establishing a diverse portfolio that spreads risk and volatility by avoiding sector and geographical concentration risks;

The Authority wishes to appoint one or more Fund Managers to invest in Green Energy and Green Infrastructure Portfolio Funds or similar.

The capital expected to be available to the Fund Managers will be c £30m. This capital is likely to be funded as follows:
•c £20 million from Treasury Management Funds, which will be subject to Treasury Management stipulations;
•a further c £10 million (although this could increase during 2021), potentially from Capital Receipts;

More information

Previous notice about this procurement

Request for Quotation for Investment Advisory Services for Cambridgeshire County Council

  • Opportunity
  • Published 2 November 2020

Additional text

E-Tendering portal: (access documents here): https://www.lgss.co.uk/services/procurement/lgss-procurement-portal/
Title: Request for Quotation for Investment Advisory Services for Cambridgeshire County Council
Reference no. DN508105
For technical / navigational support contact ProContract by telephone on 0330 005 0352 (9am - 5:30pm Monday to Friday) or by email to ProContractSuppliers@proactis.com

Award information

Awarded date

27 November 2020

Contract start date

1 December 2020

Contract end date

30 November 2021

Total value of contract

£19,500

This contract was awarded to 1 supplier.

Arlingclose Ltd

Address

EC1Y 4SE

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Ian Gower

Address

Shire Hall
Castle Hill
Cambridge
CB3 0AP
United Kingdom

Email

ian.gower@cambridgeshire.gov.uk