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AwardedFind a Tender · award

High Growth Accelerator Programme

Buyer: West Midlands Combined Authority →

BuyerWest Midlands Combined Authority
StatusAwarded
DeadlineNot published
ValueValue not published
Published12 Jun 2024

What is being bought

The aim of this programme is to provide intensive and in-depth support for 50 high-growth SMEs (as defined by sections 382 and 465 of the Companies Act) in the West Midlands, ending in March 2025. The support will help these firms to manage their growth in a more sustainable way, ensuring that their growth continues higher, longer, and more sustainably than may have been without the support. We define a “high-growth firm” as an enterprise with average annualised growth in employees or turnover greater than 20 percent per annum, over a two-year period, and with a turnover of greater than £1 million per annum in the most recent accounts (or which has raised more than £500,000 in equity from external investors).

Delivery location

UKG

Categories

Business and management consultancy and related services 79400000

Lot details

Lot 1

In delivering the programme, the Provider will be required to carry out the following activities: Brand and collateral The Provider will provide a distinctive brand and marketing collateral (digital collateral can be hosted on www.businessgrowthwestmidlands.org.uk) to promote the High Growth Accelerator Programme to the eligible businesses, explaining the offer succinctly. The Provider should work collaboratively with BGWM on the promotion and marketing of the programme and follow BGWM branding requirements. Business Engagement & Recruitment Eligible businesses will be referred to the Provider by the Business Growth West Midlands service (BGWM), following an initial diagnostic and assessment. This will identify high-growth firms meeting the criteria or showing significant potential. Businesses might also approach the provider directly; in these cases the Provider will need to inform BGWM and ensure the enquiry is recorded and a diagnostic complete. The Provider will be required to engage with stakeholders to support the promotion of the programme, including universities, internal support programmes (such as the Investment Readiness Programme), private sector networks and providers such as Federation of Small Businesses (FSB) and Institute of Directors (IoD), banks, accountants and solicitors etc. The Provider will be required to work collaboratively with other WMCA-funded delivery organisations to maximise alignment and eliminate duplication, this will include attendance at WMCA’s Bi-monthly Innovation and Business Support Forum. To ensure timely delivery we expect the initial onboarding of 50 eligible high-growth firms with development plans in place within the first 4 months of the programme. Discovery meeting and baseline position Following a referral and initial diagnostic from the Business Growth West Midlands service, the Provider will be required to arrange an initial meeting with the participant business to develop the completed diagnostic and understand how to best meet the needs of the business and achieve the aims of the programme. The Provider will then prepare an improvement plan, agreeing a baseline of the company’s performance, and detailing the proposed activity over the duration of the programme to continue growth sustainably and include costings against each activity proposed. Active account management Rather than simply offering advice and guidance, the Provider will be required to actively work on behalf of the participant businesses to achieve the goals set in the improvement plan over the lifetime of the programme. The Provider will be required to work closely and in collaboration with the Business Growth West Midlands team and Local Authority (LA) account managers to involve third party support where relevant and suitable. Activity will be delivered predominantly as one-to-one support but can include a range of support such as small group workshops, peer-to-peer workshop activity, best practice visits etc. where there are additional benefits mutually agreed by all participants. Results reported by the Provider will need to be confirmed by the participant companies and evidenced. We expect the support offered to be collaborative and informed by the genuine needs of the participants. The Provider will provide the participant businesses access to a network of mentors, coaches, non-executive directors, investors, and other expertise. Assist and inform an independent evaluation An independent evaluation will be commissioned by a third party, to commence midway through the programme. This will provide initial feedback to the Provider and WMCA to help inform delivery. The provider will facilitate access to businesses taking part in the programme to assist with the independent evaluation.

Statuscancelled

Award criteria
Total Fixed/Other Costs — 5
Average Staff Rate — 15

What is included

ItemCategoryQuantity
1Not publishedNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 79. The category anchor is Business and management consultancy and related services (79400000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 7913,7404 median · 30.9 average (5,803 of 13,740 with a bid count)3.2 average (6,507 of 13,740 with named award suppliers)1 comparable price pairs
Same buyer256 median · 9 average (7 of 25 with a bid count)2.5 average (8 of 25 with named award suppliers)Not published
Delivery region: UKG5283 median · 57.2 average (207 of 528 with a bid count)4.6 average (235 of 528 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Contracts

High Growth Accelerator Programme

Statusactive
Value£1,705,000

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-041b4e
Latest release ID018212-2024
Latest release timestampWed Jun 12 2024 14:33:29 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methodopen
Procurement method detailsOpen procedure
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release1
Contracts in latest release1
Parties in latest release2

Notice history

DateEventReference
12 Jun 2024award, contract018212-2024
20 Nov 2023tender034280-2023

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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      "dateSigned": "2024-05-23T00:00:00+01:00"
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Complete JSON history (2 releases)
12 Jun 2024 · 018212-2024 · award, contract
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20 Nov 2023 · 034280-2023 · tender
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        "streetAddress": "16 Summer Lane"
      },
      "details": {
        "url": "https://www.wmca.org.uk/",
        "classifications": [
          {
            "id": "REGIONAL_AUTHORITY",
            "scheme": "TED_CA_TYPE",
            "description": "Regional or local authority"
          },
          {
            "id": "01",
            "scheme": "COFOG",
            "description": "General public services"
          }
        ]
      },
      "identifier": {
        "legalName": "West Midlands Combined Authority"
      },
      "contactPoint": {
        "url": "https://wmca.bravosolution.co.uk/go/91517202018BECE302A7",
        "email": "william.pemberton@wmca.org.uk",
        "telephone": "+44 3453036760"
      }
    },
    {
      "id": "GB-FTS-2656",
      "name": "WMCA",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Birmingham",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "WMCA"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}