Published date: 30 July 2020
Last edited date: 24 September 2020
This notice was replaced on 16 December 2020
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Awarded contract (published 16 December 2020)
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
£1,650,000
Procurement reference
RJ/CORP/LCC/19/920
Published date
30 July 2020
Closing date
23 October 2020
Closing time
10am
Contract start date
1 December 2020
Contract end date
31 October 2025
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
The Lancashire Urban Development Fund (LUDF) will provide capital to fill finance gaps for private sector developers that aim to build workspace in Lancashire, operating on the basis of investing in developments to bring forward activity that the market would not otherwise invest in. It is intended that the LUDF will promote economic growth in Lancashire by providing a mechanism to bring forward fit-for-purpose industrial and commercial premises for SME's in Lancashire's priority growth sectors and help to unlock key strategic employment sites to support growth. This tender is for the establishment of a Contract for the provision of Investement Fund Management Services (the Services as set out in the Specification and tender documents) for the LUDF. The appointed Service Provider will be responsible for managing all the affairs of the fund including the making of investment decisions at all stages through to term, disposal or exit/realisation. The Contract will require the Service Provider to agree to the achievement of Key Performance Indicators (KPIs) related to the investment of the funds. As the LUDF is part-funded by ERDF grant funding all investments and Services will be required to be undertaken in accordance with EU rules and regulations, including in a State Aid compliant manner. All of the requirements will be detailed within the Invitation to tender, the Specification and the Contract documentation.
About the buyer
Contact name
Rachel Green
Address
Bow Lane
PRESTON
PR18RL
England
Telephone
01772 535026
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