Published date: 5 March 2025

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


Closing: 20 February 2025, 12am

Contract summary

Industry

  • Accounting services - 79211000

Location of contract

Any region

Value of contract

£166,666.67

Procurement reference

BIP931466015

Published date

5 March 2025

Closing date

20 February 2025

Closing time

12am

Contract start date

24 February 2025

Contract end date

23 February 2027

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

Arts Council England are conducting a Procurement for a Framework of Financial Advisors to support with the administration of the Cultural Recovery Fund loans programme.

As part of the government's response to the Covid 19 crisis, the Department for Culture, Media and Sport (DCMS) made 37 loans to arts and culture organisations, investing £250 million. DCMS are the Lender for the loans, and Arts Council acts as their loan agent. A dedicated repayable finance team manages the day-to-day responsibility of the loan book management, monitoring, and reporting. From time to time, ACE requires an independent and impartial review of a borrower organisation and its financial model to support our decisions regarding their loans - referred to as Financial Advisors.

More information

Links

Award information

Awarded date

20 February 2025

Contract start date

24 February 2025

Contract end date

23 February 2027

Total value of contract

£166,666.67

This contract was awarded to 1 supplier.

Festivals and Events International Ltd

Address

International House, 36-38 Cornhill
London
EC3V 3NG

Reference

None

Supplier is SME?

Yes

About the buyer

Address

The Hive, 49 Lever Street
Manchester
M1 1FN
UK

Telephone

+441619344317

Email

procurement.services@artscouncil.org.uk