Published date: 9 August 2023

Last edited date: 9 August 2023

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.


Closing: 11 September 2023, 5pm

Contract summary

Industry

  • Corporate finance and venture capital services - 66122000

Location of contract

East Midlands

Value of contract

£0

Procurement reference

DERBSCC001-DN683649-31904663

Published date

9 August 2023

Closing date

11 September 2023

Closing time

5pm

Contract start date

1 November 2023

Contract end date

1 November 2028

Contract type

Service contract

Procedure type

Open procedure

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

Established in 2010, D2N2 is a Local Enterprise Partnership (LEP) operating in the local authority areas of Derby, Derbyshire, Nottingham, and Nottinghamshire to grow the area's economy. Local enterprise partnerships are non-statutory bodies responsible for local economic development in England. D2N2 is one of the largest LEPs in England, with a population of more than two million people and with an economic output of over £50.5 billion GVA (gross value added).

D2N2 is looking to establish an early stage angel investment fund (the Fund) in order to promote equity investment in a core client group where intervention is required to stimulate real opportunity, namely early-stage, start-up businesses between 6 months to 2-years old, typically requiring small amounts of pre-seed and seed investment. D2N2 has up to £4m to invest and requires a 1:1 co-investment rate from the successful Tenderer.

D2N2 proposes a Limited Partnership fund structure for the Fund in order to deliver the investments. D2N2 is looking for a service provider who will be appointed to establish the Fund (including taking the role of General Partner of the Limited Partnership) and to be responsible for the day-to-day operation, decision-making and management of the Fund (the Fund Manager).

More information

Previous notice about this procurement

D2N2-0723 D2N2 Early Stage Angel Investment Fund (ESAIF) Fund Manager

  • Opportunity
  • Published 9 August 2023

Links

About the buyer

Contact name

Holly Platts

Address

County Hall
Matlock
DE4 3AG
United Kingdom

Telephone

+44 1629530000

Email

holly.platts@derbyshire.gov.uk

Website

http://www.derbyshire.gov.uk/