Official UK procurement notice
Early Stage Investment Fund
Authority: West Yorkshire Combined Authority (Local council)
What is being bought
Published requirement description*PIN ONLY*
We are looking for a fund manager with experience in early-stage investments into Health & Life Science and Digital Tech companies across West Yorkshire. We expect our funds to be used to contribute between £200k and £500k to a pre-seed/early-seed deal, with the ability to bring in leverage, either via other private sector funds, or via public sector funds such as the Northern Powerhouse Investment Fund. The fund manager will work closely with our accelerator partner (Health Innovation Yorkshire & Humber) to secure deal flow. The fund manager will not be expected to make follow-on investments.
Anticipated tender timings: We are aiming to go into delivery in Summer 2025
Anticipated contract length: It's envisaged that the first four years would be the investment period, followed by six years of portfolio management.
Estimated budget: £4M is confirmed currently, but we are looking to get the budget north of £10M. This will be confirmed in due course.
CPV: Corporate finance and venture capital services · Health and social work services · IT services: consulting, software development, Internet and support · Research and development services and related consultancy services
The lotProcurement structure
single lot · no lot value publishedProcedure terms & legal framework
From the official record- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Past planning notice
- 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
- Unspecified in notice
- First published
- 6 Feb 2025, 16:16 GMT
- Last source update
- 6 Feb 2025, 16:16 GMT
- FTS notice number
2025/S 000-004030- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04dc65Find a Tender
How it was run
Official notice- Submission deadline
- —
Timeline
6 Feb 2025 → 1 Sept 2025 · 2 dates- Notice published6 Feb 2025, 16:16 GMT
- Tender notice expected1 Sept 2025, 00:00 BST
Commercial outcome & contract awards
Pipeline notice- Awards (0)
- No award published
- Contracts (0)
- No contract published
- Bid statistics
- No aggregate bid statistics published
Contracting authority & participating public bodies
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.