Published date: 4 June 2019

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 1 May 2019

Contract summary

Industry

  • Banking and investment services - 66100000

Location of contract

North West

Value of contract

£320,000

Procurement reference

15200972 award

Published date

4 June 2019

Closing date

1 May 2019

Contract start date

1 July 2019

Contract end date

30 June 2024

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?

Yes

Description

This tender is for the establishment of a single supplier framework agreement for the provision of an Investment Fund Management service for the Rosebud finance scheme.
Rosebud finance (Rosebud) is a package of financial instruments for growing businesses in Lancashire County Council's administration area, provided by Lancashire County Developments Ltd (LCDL), which is a wholly owned subsidiary of the Council.
Whilst Rosebud has been an effective economic development tool for over 30 years, the Council are tendering on the basis of a new model for delivery which requires the new fund managers to manage a re-specified range of funds/products and where investment decision making will be more fully devolved.
The fund management service will work closely with LCDL to support the economic activities of the company and the Authority's Corporate Communications in the promotion of Rosebud.

More information

Previous notice about this procurement

Rosebud Investment Fund Management Services

  • Opportunity
  • Published 3 April 2019

Links

Award information

Awarded date

1 June 2019

Contract start date

1 July 2019

Contract end date

30 June 2024

Total value of contract

£1,280,000

This contract was awarded to 1 supplier.

The Enterprise Fund Limited T/A Growth Company Business Finance

Address

90 Great Bridgewater Street, Manchester, M1 5JW

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Rachel Jennings

Address

3rd Floor
Christ Church Precinct, County Hall
PRESTON
PR1 8XJ
England

Telephone

01772 535026

Email

contractscorporate@lancashire.gov.uk