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Official procurement procedure

Finance Durham Fund - Investment Fund Management Service

Financial and insurance services
North East (UKC14)
Published value
Not published
Submission deadline 29 Mar 2022, 12:00 BST
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: DURHAM COUNTY COUNCIL: "Finance Durham Fund - Investment Fund Management Service". Published status: active. Published value: Value not published. 1 published lot. Recorded submission deadline: 29 Mar 2022, 12:00 BST. See the official notice for participation instructions.
Contracting AuthorityDURHAM COUNTY COUNCILScope & CategoriesNot publishedSubmission Window
Closed
29 Mar 2022, 12:00 BST
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: DURHAM COUNTY COUNCIL
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for DURHAM COUNTY COUNCIL. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
12.5Bids / Report
12.5% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 16 active published awards; 16 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 Unpublished data stays unknown.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 AuthorityDURHAM COUNTY COUNCIL
Procedure methodNot published
Procurement categoryNot published
Statusactive
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published23 Feb 2022, 16:05 GMT
Last source update23 Feb 2022, 16:05 GMT
Recurring procurementYes
ClassificationFinancial and insurance services
Delivery area
North East (UKC14)
OCIDocds-h6vhtk-031a75
What is being bought
DCC operates a £20m investment fund (the Finance Durham Fund) to invest in enterprises (via debt, mezzanine and equity finance) across County Durham. Though not exclusively for SMEs, investees to date have been SMEs and it is anticipated that investees will be largely be SMEs in the future. The Fund is 100% financed by DCC and is operated on a commercial basis to deliver both an economic development impact and financial return to the Authority over the longer term. The Finance Durham fund is structured as 'Evergreen' - that is, to provide debt and equity finance on an ongoing / permanent basis through the recycling of investment and interest returns to the Fund. The Purpose of this procurement is to procure the services of a single FCA regulated fund manager, following the completion of the contractual term, to undertake the following activity in relation to the Finance Durham Fund: 1. Investment Fund Management 2. Portfolio management 3. Provision of access to finance (A2F) business support activity .
What changed
From the official release history
  1. Status changed to active
    23 Feb 2022, 16:05 GMT
  2. Official notice release published
    23 Feb 2022, 16:05 GMT
  3. Submission deadline changed to 29 Mar 2022, 12:00 BST
    23 Feb 2022, 16:05 GMT
  4. Buyer information updated
    23 Feb 2022, 16:05 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    active
    Published valueNot published
    DCC operates a £20m investment fund (the Finance Durham Fund) to invest in enterprises (via debt, mezzanine and equity finance) across County Durham. Though not exclusively for SMEs, investees to date have been SMEs and it is anticipated that investees will be largely be SMEs in the future. The Fund is 100% financed by DCC and is operated on a commercial basis to deliver both an economic development impact and financial return to the Authority over the longer term. The Finance Durham fund is structured as 'Evergreen' - that is, to provide debt and equity finance on an ongoing / permanent basis through the recycling of investment and interest returns to the Fund. The Purpose of this procurement is to procure the services of a single FCA regulated fund manager, following the completion of the contractual term, to undertake the following activity in relation to the Finance Durham Fund: 1. Investment Fund Management 2. Portfolio management 3. Provision of access to finance (A2F) business support activity .
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    23 Feb 2022, 16:05 GMT
  2. Submission deadline
    29 Mar 2022, 12:00 BST
Commercial outcome and competition
AwardsNo award published
ContractsNo contract published
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

DURHAM COUNTY COUNCIL

Contracting authority GB-FTS-8336
View buyer profile
Documents (2)
Official links; attachments are not copied

  • economicSelectionCriteria

    tender
    economicSelectionCriteria

  • technicalSelectionCriteria

    tender
    technicalSelectionCriteria
Related procedures (0)
No data
No related procedures published