Official UK procurement notice
Business Growth and Social Impact Investment Fund Management
Authority: Cambridgeshire and Peterborough Combined Authority (Local council)
What is being bought2 lots · detail below
Published requirement descriptionThe Cambridgeshire and Peterborough Combined Authority (CPCA) is awarding two contracts to manage funding schemes, Fund 1 and Fund 2. The authority required delivery partners to manage both funds under two separate contracts. The term of the contracts will be 3 years plus an optional further year’s extension.
The fund's lifetime will be 10 years, with 3–4 years of investment and 6–7 years of realisation. This includes an annual review of the programme after the completion of the contract. The advice retainer will mirror this arrangement in terms of being available to the CPCA for a 10-year period.
The funding schemes are:
Fund 1 is a growth fund aimed at providing equity or debt funding to high-growth potential businesses that do not have access to funding from other sources. The priority sector will be green-tech businesses, plus businesses that want to invest in reducing their carbon emissions with equity investment and loans of £100,000-£500,000 to support business growth.
Fund 2: a fund aimed at providing grants or loans to third-sector businesses that do not have access to funding from other sources. This will consist of smaller loans or grants of less than £75,000 to support third-sector businesses and organisations.
CPV: Business services: law, marketing, consulting, recruitment, printing and security · Financial and insurance services
Lots and requirements (2)Procurement structure
2 lots · all with a published value (£500,000 together) · same evaluation weights on every lotLot #1Fund 1AwardedRenewalPublished value£371,250
Fund 1 is a growth fund aimed at providing equity or debt funding to high-growth potential businesses that do not have access to funding from other sources. The priority sector will be green-tech businesses, plus businesses that want to invest in reducing their carbon emissions with equity investment and loans of £100,000-£500,000 to support business growth.
Lot #2Fund 2AwardedRenewalPublished value£128,750
Fund 2: a fund aimed at providing grants or loans to third-sector businesses that do not have access to funding from other sources. This will consist of smaller loans or grants of less than £75,000 to support third-sector businesses and organisations.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published award criteria (2)
- Quality: 60
- Price: 40
- Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 17 Oct 2023, 16:04 BST
- Last source update
- 11 Nov 2024, 22:16 GMT
- Award evaluation window
- 16 Nov 2023 – …
- Authority reference
DN665766- FTS notice number
2024/S 000-036506- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-040cc4Find a Tender
How it was run
Official notice- Submission deadline
- 16 Nov 2023, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 16 Nov 2023, 12:00 GMT
Timeline
16 Nov 2023 → 11 Nov 2024 · 4 dates- Submission deadline16 Nov 2023, 12:00 GMT
- Bids opened16 Nov 2023, 12:00 GMT
- Contract starts2 Jan 2024
- Notice published11 Nov 2024, 22:16 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete11 Nov 2024, 22:16 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 1 · Fund 11 award | |||
| The FSE Group | £356,010 † | — | Awarded |
| Lot 2 · Fund 21 award | |||
| Allia Future Business Centre | £144,000 † | — | Awarded |
Contracts
Contract 036506-2024-DN665766-2 · Allia Future Business Centre
- Signed
- 13 Sept 2024
- Value
- £144,000
- Period
- … – 2 Jan 2027
- Status
- active
Contract 036506-2024-DN665766-1 · The FSE Group
- Signed
- 7 Aug 2024
- Value
- £356,010
- Period
- … – 2 Jan 2027
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Fund 1 | 3bids | — | — | — |
| 2 · Fund 2 | 3bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Royal Court of JusticeReview body
- Royal Courts of JusticeReview body
Bidders & participating suppliers
2 commercial parties on the notice- Allia Future Business CentreAwarded supplier
- The FSE GroupAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.