Published date: 17 October 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: 16 November 2023, 12pm

Contract summary

Industry

  • Business services: law, marketing, consulting, recruitment, printing and security - 79000000

Location of contract

United Kingdom

Value of contract

£500,000

Procurement reference

CPCA001-DN665766-45389366

Published date

17 October 2023

Closing date

16 November 2023

Closing time

12pm

Contract start date

2 January 2024

Contract end date

2 January 2027

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

The Cambridgeshire and Peterborough Combined Authority (CPCA) is seeking to award two contracts to manage their funding schemes, Fund 1 and Fund 2. The authority requires a delivery partner(s) to manage both funds under two separate contracts. The term of the contracts will be 3 years plus an optional further year's extension.
The fund's lifetime will be 10 years, with 3-4 years of investment and 6-7 years of realisation. This includes an annual review of the programme after the completion of the contract. The advice retainer will mirror this arrangement in terms of being available to the CPCA for a 10-year period.
The funding schemes are:
Fund 1 is a growth fund aimed at providing equity or debt funding to high-growth potential businesses that do not have access to funding from other sources. The priority sector will be green-tech businesses, plus businesses that want to invest in reducing their carbon emissions with equity investment and loans of £100,000-£500,000 to support business growth.
Fund 2: a fund aimed at providing grants or loans to third-sector businesses that do not have access to funding from other sources. This will consist of smaller loans or grants of less than £75,000 to support third-sector businesses and organisations.

More information

Links

About the buyer

Contact name

Olufemi Kolawole

Address

Cambridgeshire & Peterborough Combined Authority
2nd floor, Pathfinder House, St Mary's Street
Huntingdon
PE29 3TN
England

Telephone

+44 0

Email

Olufemi.Kolawole@cambridgeshirepeterborough-ca.gov.uk

Website

https://cambridgeshirepeterborough-ca.gov.uk