Contract for the Provision of Due Dilligence Services for The Growth Fund (TGF)

Contract summary

Industry

• Auditing services - 79212000

• Business and management consultancy services - 79410000

Location of contract

North East

Value of contract

£80,000

Procurement reference

DN484247

Published date

27 November 2020

Closing date

13 October 2020

Closing time

12pm

Contract start date

5 November 2020

Contract end date

30 June 2023

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

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Description

Gateshead Council is seeking to appoint an organisation to provide due diligence services to assist the Council and its delivery partner in administering The Growth Fund (TGF).

The Growth Fund is a new grant programme for SMEs in Gateshead, South Tyneside and Sunderland local authority areas for capital investment projects to stimulate and enable sustainable business growth and is funded by the England European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020.

The Growth Fund is being delivered by Gateshead Council in partnership with UMi Limited.


The successful tenderer will be required to carry out due diligence on grant applications that have been approved in principle by TGF Investment Panel, documenting its findings in a written report and providing a recommendation to Gateshead Council and UMi.

The specific services to be provided will be as follows:

• Provision of financial, due diligence, grant and state aid advice to UMi, TGF Investment Panel and Gateshead Council in connection with TGF.
• Attendance at TGF Investment Panel meetings (in a non-voting capacity) with the Investment Panel normally meeting every 2 months or more frequently if necessary. Meetings will be held either in person or via video conference, according to the prevailing circumstances at the time.
• Carrying out due diligence appraisals of grant applications approved in-principle by TGF Investment Panel
• Preparation of a written report on each grant application, in accordance with the scope
• As and when required in connection with TGF:
- Advice on an ad-hoc basis in addition to advising on the points outlined in the written reports.
- Provision of case-specific advice on grant applications to ensure potential issues and risks are identified and addressed quickly.
- Attendance at Panel meetings to provide technical advice
- Delivery of financial training to the project delivery team in order to share best practice and specialist insight.

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More information

Previous notice about this procurement

Contract for the Provision of Due Dilligence Services for The Growth Fund (TGF)

• Opportunity
• Published 22 September 2020, last edited 22 September 2020

Additional text

This process is being managed electronically through the Councils e-tendering system. Tender documentation is only available through the e-tendering system and bids must only be submitted using this system. To register interest in this contract and to obtain the relevant documents please go to www.nepo.org.

The contract reference is DN484247. If you require assistance with the website or registration process please contact the System Support Team on 0330 0050352 or ProContractSuppliers@proactis.com

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Award information

Awarded date

24 November 2020

Contract start date

24 November 2020

Contract end date

30 June 2023

Total value of contract

£80,000

This contract was awarded to 1 supplier.

UNW LLP

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About the buyer

Contact name

Janice Lynn

Address

Corporate Commissioning and Procurement, Civic Centre
Regent Street
Gateshead
NE8 1HH
England

Telephone

01914335959

Email

janicelynn@gateshead.gov.uk