Published date: 24 September 2024

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


Closing: 11 September 2023, 5pm

Contract summary

Industry

  • Corporate finance and venture capital services - 66122000

Location of contract

East Midlands

Value of contract

£0

Procurement reference

DERBSCC001-DN683649-31904663

Published date

24 September 2024

Closing date

11 September 2023

Closing time

5pm

Contract start date

1 November 2023

Contract end date

1 November 2028

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

Established in 2010, D2N2 is a Local Enterprise Partnership (LEP) operating in the local authority areas of Derby, Derbyshire, Nottingham, and Nottinghamshire to grow the area's economy. Local enterprise partnerships are non-statutory bodies responsible for local economic development in England. D2N2 is one of the largest LEPs in England, with a population of more than two million people and with an economic output of over £50.5 billion GVA (gross value added).\r
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D2N2 is looking to establish an early stage angel investment fund (the Fund) in order to promote equity investment in a core client group where intervention is required to stimulate real opportunity, namely early-stage, start-up businesses between 6 months to 2-years old, typically requiring small amounts of pre-seed and seed investment. D2N2 has up to £4m to invest and requires a 1:1 co-investment rate from the successful Tenderer.\r
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D2N2 proposes a Limited Partnership fund structure for the Fund in order to deliver the investments. D2N2 is looking for a service provider who will be appointed to establish the Fund (including taking the role of General Partner of the Limited Partnership) and to be responsible for the day-to-day operation, decision-making and management of the Fund (the Fund Manager).

More information

Previous notice about this procurement

D2N2-0723 D2N2 Early Stage Angel Investment Fund (ESAIF) Fund Manager

  • Opportunity
  • Published 9 August 2023, last edited 9 August 2023

Links

Award information

Awarded date

8 November 2023

Contract start date

1 May 2024

Contract end date

30 April 2029

Total value of contract

£340,000

This contract was awarded to 1 supplier.

Haatch Ventures LLP

Address

The Hub
Blackfriars Street
Stamford
PE9 2BW

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Holly Platts

Address

County Hall
Matlock
DE4 3AG
United Kingdom

Telephone

+44 1629530000

Email

holly.platts@derbyshire.gov.uk

Website

http://www.derbyshire.gov.uk/