Published date: 18 February 2022
This notice was replaced on 14 June 2022
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Awarded contract (published 14 June 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.
Contract summary
Industry
Financial and insurance services - 66000000
Location of contract
England
Value of contract
£210,000
Procurement reference
KENT001-DN598627-96976006
Published date
18 February 2022
Closing date
21 March 2022
Closing time
12pm
Contract start date
2 July 2022
Contract end date
11 April 2025
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
Kent County Council (the Council) is the largest local authority in England covering an area of 3,500 square kilometres. It has an annual expenditure of over £1bn on goods and services and a population of 1.6m. The Council provides a wide range of personal and strategic services on behalf of its residents, operating in partnership with the NHS Kent and Medway Clinical Commissioning Group, 12 district councils, and 289 parish/town councils.
The Council consists of four directorates:
Adult Social Core and Health
Children, Young People and Education
Growth, Environment and Transport
Strategic and Corporate Services
This service is being commissioned on behalf of the Growth, Environment and Transport directorate.
This activity supports Kent County Council's Interim Strategic Plan by helping to deliver the Kent and Medway Economic Renewal and Resilience Plan, more specifically delivering essential support for local businesses.
KCC has taken equity stakes in a number of companies via investments from the former Regional Growth Fund (RGF) schemes (Expansion East Kent, Tiger and Escalate), the Kent and Medway Business Fund and the SELEP funded Innovation Investment Scheme, known as Bespoke Equity Fund (BEF) portfolio and is seeking to procure a delivery partner to support, advise and assist these companies, with a £70,000 excluding vat gross per annum budget funded by KCC for the financial period until March 2024. Procurement will be undertaken in compliance with the Public Contract Regulations 2015.
The council is looking to procure a delivery partner to work on behalf of KCC to support, advise and assist businesses in receipt of equity investments within the Bespoke Equity Fund (BEF) portfolio, to help them grow, increase productivity, create/protect jobs and maximise the value of the sale and/or transfer of Kent County Council owned shares. The BEF portfolio consists of equity investments from the former Regional Growth Fund schemes (Expansion East Kent, Tiger and Escalate), the Kent and Medway Business Fund and the SELEP funded Innovation Investment Scheme. This does not include investments made via the Discovery Park Technology Investment Fund and the Kent Life Science Fund.
Project Aim
To ensure a high level of support to those in receipt of Kent County Council's equity investment within the BEF portfolio.
To provide monitoring information, advice, and support to Kent County Council to maximise the opportunity for the County Council to exit successfully from investments within the BEF portfolio.
To ensure value for money and continuous improvement in service delivery so the contract delivers positive economic impact for Kent and Medway
Specific Objectives
To maintain regular communication with businesses within the BEF portfolio and to act as the first point of contact in relation to any communication from those businesses.
To act on behalf of Kent County Council in an advisory capacity liaising with businesses within the BEF portfolio
More information
About the buyer
Contact name
SC Commercial Team
Address
Sessions House
Maidstone
ME14 1XQ
England
Website
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