Published date: 2 December 2024

This notice was replaced on 2 December 2024

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

Opportunity (published 2 December 2024, last edited 5 December 2024)

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

  • Financial and insurance services - 66000000

Location of contract

BS1 6EW

Value of contract

£600,000

Procurement reference

CF-0003200DWS000000ED3p2AG

Published date

2 December 2024

Closing date

6 January 2025

Closing time

12pm

Contract start date

3 March 2025

Contract end date

3 December 2038

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?

No

Contract is suitable for VCSEs?

No

Description

The West of England Combined Authority (MCA) is seeking to launch a £100m Green Growth West Impact Fund (GGWIF) seed capitalized by the MCA with £10m as a cornerstone investor. GGWIF has been designed to assist with the tackling of ambitious goals set out in its 2023 Climate and Ecological Strategy and Action Plan, by generating significant environmental, social and economic impacts while preserving and amplifying the Combined Authority's capital.

This MCA is seeking to procure an appropriately qualified and experienced AIFM to go to market and raise matching capital from significant external public and importantly, private investors, aiming at a 10x multiple of the Combined Authority's impact.

The MCA requires the appointed AIFM to be able to demonstrate the following attributes as part of the procurement process:

A competitive / market standard fees and fund structure

A Track record (above the median/ top quartile for benchmark funds) of previous funds

A strong experienced proven management team

The a

About the buyer

Contact name

Paul Smith

Address

70 redcliffe street
bristol
BS1 6EW
GB

Email

paul.smith@westofengland-ca.gov.uk