Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017

Contract summary

Industry

• Financial and insurance services - 66000000

Location of contract

London

Value of contract

£23,000,000

Procurement reference

MT198891

Published date

14 June 2017

Closing date

1 January 2017

Contract start date

13 June 2017

Contract end date

31 December 2018

Contract type

Service contract

Procedure type

Open procedure

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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Description

Funding London is the trading name of SME Wholesale Finance (London) Limited. Funding London have competitively selected five additional organisations to become co-investment partners with theLCIF. The selected partners will enter into co-investment agreements with the LCIF with an investment period of 18 months. The aims of the LCIF are as follows:- To invest 23m GBP into high-growth early stage Science, Digital and Technology businesses in Londonduring a three year period;- To achieve a target across the fund of 2.9 GBP of private sector investment for every 1 GBP invested byLCIF;- To generate approx. 2 653 jobs as a result of the investments being made; and- To maximise returns from exits to enable further investment in later years.

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More information

Links

• http://www.mytenders.org/search/show/search_view.aspx?ID=JUN144110
• Tender notice
• NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.

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Award information

Awarded date

13 June 2017

Contract start date

13 June 2017

Contract end date

31 December 2018

Total value of contract

£23,000,000

This contract was awarded to 5 suppliers.

Albion Ventures

Startup Funding Club

Venture Founders

Mustard Seed

Concentric Team

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About the buyer

Address

22 Upper Ground
London
SE1 9PD
England

Telephone

+44 2070619000

Email

susan.goss@curriebrown.com

Website

http://fundinglondon.co.uk