Find a Tender
planned
Official procurement procedure
Early Stage Investment Fund
Corporate finance and venture capital services
Health and social work services
IT services: consulting
+3 more
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: West Yorkshire Combined Authority: "Early Stage Investment Fund". Published status: planned. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | West Yorkshire Combined Authority | Scope & Categories | Not published | Submission Window | planned No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: West Yorkshire Combined Authority
Market Analytics
Derived from OCDS awards & bid statistics
Published history for West Yorkshire Combined Authority. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Competition Density
8.6Bids / Report
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 71 active published awards; 71 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityWest Yorkshire Combined Authority | Procedure methodNot published | Procurement categoryNot published |
Statusplanned | Framework / DPSNot published | CompetitionNot published |
Above thresholdNot published | Legal basisNot published | Tender period startsNot published |
Clarification deadlineNot published | Electronic submissionNot published | Submission languagesNot published |
Published6 Feb 2025, 16:16 GMT | Last source update6 Feb 2025, 16:16 GMT | Recurring procurementNot published |
ClassificationCorporate 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 | ||
Delivery area | ||
OCIDocds-h6vhtk-04dc65 | ||
What is being bought
*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.
What changed
From the official release history
- Status changed to planned
6 Feb 2025, 16:16 GMT - Official notice release published
6 Feb 2025, 16:16 GMT - Buyer information updated
6 Feb 2025, 16:16 GMT
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedplannedPublished valueNot published*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.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
6 Feb 2025, 16:16 GMT
Commercial outcome and competition
AwardsNo award published |
ContractsNo contract published |
Bid statisticsNo aggregate bid statistics published |
Buyer and organisations in this procedure
West Yorkshire Combined Authority
Contracting authority GB-FTS-31903Documents (0)
Official links; attachments are not copied
No linked documents are published
Related procedures (0)
No related procedures published