Published date: 18 July 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.


Closing: 12 September 2024, 11am

Contract summary

Industry

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

Location of contract

North West

Value of contract

£450,000

Procurement reference

MERTVL001-DN712624-17011616

Published date

18 July 2024

Closing date

12 September 2024

Closing time

11am

Contract start date

31 October 2024

Contract end date

31 October 2034

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?

No

Description

Liverpool City Region has one of the UK's most developed place-based innovation ecosystems. However, despite high business birth rates, Liverpool City Region has relatively low
levels of high growth enterprises. This is in part due to a lack of finance at the crucial seed
stage of investment. Research commissioned by Liverpool City Region Combined Authority
indicates that 'providers of Seed Fund investment in Liverpool City Region are limited'
despite a strong pipeline of demand.
Liverpool City Region Combined Authority has committed to investing in the LCR Seed Fund.
The Combined Authority is leading on the procurement and selection of a Fund Manager.
This forms part of a wider programme of activity to stimulate the growth of early-stage
businesses with high-growth potential.
The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to
meet the objectives of the Fund. This will include consideration of the scale of Fund, options
to leverage additional investment and proposals to embed activity in the Liverpool City
Region Innovation Eco-System.

More information

Additional text

https://procontract.due-north.com/Advert/Index?advertId=f20c0586-d044-ef11-812d-005056b64545

About the buyer

Contact name

Procurement Team

Address

1 Mann Island
Liverpool
L3 1BP
England

Telephone

+44 1513301111

Email

tender@liverpoolcityregion-ca.gov.uk

Website

https://www.liverpoolcityregion-ca.gov.uk/