Published date: 10 January 2022

Last edited date: 12 January 2022

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: 11 February 2022, 5pm

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

WC2A 1LG

Value of contract

£40,000

Procurement reference

Investment Ready Programme 2.0

Published date

10 January 2022

Closing date

11 February 2022

Closing time

5pm

Contract start date

1 March 2022

Contract end date

1 December 2022

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

Introduction

Funding London seeks to engage a subject matter expert to deliver in depth content on early-stage investment for twelve group sessions between 15/03/2022 and 16/12/2022 focused on topics outlined in the 'Scope of Work'. This programme is delivered by Funding London for the London Business Hub.

About Funding London

SME Wholesale Finance (London) Limited, trading under Funding London, was established in 2004 by the then Mayor of London with the specific long-term mandate to support the Economic Development Strategy for London through its SME funding activities. We are a wholly owned subsidiary of the Greater London Authority. More information about our activities and our funds can be found at www.fundinglondon.co.uk

About the Investment Ready Programme

1. Background and context

The Investment Ready Programme is designed as a pilot project to help London based SMEs, especially those led/managed by female, disabled or ethnic minority founders raise equity or debt finance. The overall goal is to help SMEs raise external finance by removing barriers to fundraising through targeted support.

2. Programme Objectives

The programme will seek to:

1) Increase the value of investments made into SMEs from underrepresented groups;
2) Address presentation failures; and
3) Enable at least £2.5 M of investment, of which £1.5M to be raised by companies founded/led by underrepresented founders (female, disable and ethnic minority)

Scope of Work

The subject matter expert will help Funding London select eligible participants will provide content in the following areas for each cohort:

• Fundraising strategy and funding options
• Building and presenting the deck and the story
• Financial modelling and valuation
• Creating a data room and investor FAQ

All the above are a combination of online and face-to-face group sessions. We expect these to be interactive sessions, lasting between three to four hours.

A detailed scope of work and the bidding process can be found in the attachment of this notice. Please visit for further information.

Budget

We have a maximum budget of £40,000 (incl. VAT) to cover the delivery of 12 group sessions.

Deadline for submission of proposals

Submit your proposal addressing the scope of work, proposed budget and providing relevant credentials (skills and experience) by 11 February to bianca@fundinglondon.co.uk. You will be contacted separately after your proposal has been reviewed.

Questions and clarification

Please visit attachment 'Scope of work and bidding process' for further information. If you require additional clarification, please send your questions at bianca@fundinglondon.co.uk before 31 January.

More information

Attachments

About the buyer

Contact name

Bianca Valea

Address

Fourth Floor
London
WC2A1LG
England

Telephone

020 7043 0739

Email

bianca@fundinglondon.co.uk

Website

https://fundinglondon.co.uk/