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planned
Official procurement procedure
Liverpool City Region Seed Fund: Fund Manager
Financial and insurance services
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: LCRCA: "Liverpool City Region Seed Fund: Fund Manager". Published status: planned. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | LCRCA | 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: LCRCA
Market Analytics
Derived from OCDS awards & bid statistics
Published history for LCRCA. 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
5Bids / Report
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 2 active published awards; 2 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 Unpublished data stays unknown.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 AuthorityLCRCA | 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 |
Published23 Feb 2024, 11:52 GMT | Last source update23 Feb 2024, 11:52 GMT | Recurring procurementNot published |
ClassificationFinancial and insurance services | ||
Delivery area | ||
OCIDocds-h6vhtk-043c70 | ||
What is being bought
Liverpool City Region Combined Authority: Liverpool City Region Seed Fund
Please note that as per I.3. Communication above, the tender documents are not yet accessible on the Chest; the intended issue date is 15 April 2024.
Further information regarding this requirement is detailed below at II.2.4. Description of the procurement (nature and quantity of works, supplies or services or indication of needs and requirements)
What changed
From the official release history
- Status changed to planned
23 Feb 2024, 11:52 GMT - Official notice release published
23 Feb 2024, 11:52 GMT - Buyer information updated
23 Feb 2024, 11:52 GMT
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedplannedPublished valueNot publishedLiverpool City Region Combined Authority: Liverpool City Region Seed Fund Background: Led by the Metro Mayor, Steve Rotheram, the Combined Authority has prioritised innovation, enterprise and entrepreneurship to drive economic growth and create high value jobs. Liverpool City Region is backing innovators with great ideas and world-class products – turning them into high-growth businesses that offer quality jobs and add to UK plc’s bottom line. Liverpool City Region has one of the UK’s most developed place-based innovation eco-systems. However, despite high business birth rates, Liverpool City Region has relatively low levels of high growth enterprises. This is in part due to a lack of finance at the crucial seed stage of investment. Research commissioned by Liverpool City Region Combined Authority indicates that ‘providers of Seed Fund investment in Liverpool City Region are limited’ despite a strong pipeline of demand. Liverpool City Region Combined Authority has committed to investing in the LCR Seed Fund. The Combined Authority is leading on the procurement and selection of a Fund Manager. This forms part of a wider programme of activity to stimulate the growth of early-stage businesses with high-growth potential. The Liverpool City Region Seed Fund will invest in businesses with high growth potential in return for equity stake. The Fund will focus on investment opportunities in the Liverpool City Region clusters of opportunity. • Advanced Manufacturing • Health and Life Sciences • Digital and Creative The CA will be the founding partner in the Seed Fund and provide a commitment of £10m. There is an ambition to leverage additional private investment to maximise the impacts of the Fund. Brief Description of Requirement: The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to meet the objectives of the Fund. This will include consideration of the scale of Fund, options to leverage additional investment and proposals to embed activity in the Liverpool City Region Innovation Eco-System. Expressions of Interest: At this time LCRCA is seeking to make the market aware of the opportunity and we welcome interested parties to respond with an expression of interest to this notice by emailing Tender@liverpoolcityregion-ca.gov.uk and john.willis@liverpoolcityregion-ca.gov.uk. Deadline 18.00 7th MarchContract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
23 Feb 2024, 11:52 GMT
Commercial outcome and competition
AwardsNo award published |
ContractsNo contract published |
Bid statisticsNo aggregate bid statistics published |
Buyer and organisations in this procedure
LCRCA
Contracting authority GB-FTS-105939Documents (0)
Official links; attachments are not copied
No linked documents are published
Related procedures (0)
No related procedures published