Official UK procurement notice
UKSPF Business Support Investment Readiness Programme
Authority: West Midlands Combined Authority (Local council)
What is being bought3 lots · detail below
Published requirement descriptionThe West Midlands (WM) Investment Readiness programme aims to address demand-side weaknesses in Small to Medium Enterprises (SME) access to external finance in the West Midlands. They are usually focused on equity finance (i.e. raising capital in exchange for an ownership share), but local programmes in England have also covered debt finance (e.g. applying for bank loans). The WM Investment Readiness Programme will include both equity and debt finance which will support the growth and scale up plans of the WM SMEs.
CPV: Financial consultancy services
Lots and requirements (3)Procurement structure
3 lots · all with a published value (£2,200,000 together) · win at most 3 of them · same evaluation weights on every lotLot #1Birmingham & SolihullAwardedPublished value£1,000,000
Birmingham & Solihull
Lot #2Black Country (Dudley, Sandwell, Walsall & Wolverhampton)AwardedPublished value£900,000
Black Country
Lot #3CoventryAwardedPublished value£300,000
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (3)
- Technical: 80
- Commercial (Price): 20
- price: 100
Published award criteria (3)
- Technical: 80
- Commercial (Price): 20
- Price: 100
- Price carries 120 of 200 points: a 10% discount moves about 12 points. This one is won on the number: sharpen the price before polishing the prose.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- 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
- No (one-off requirement)
- First published
- 10 Feb 2023, 09:21 GMT
- Last source update
- 15 Sept 2023, 17:15 BST
- Award evaluation window
- 13 Mar 2023 – …
- FTS notice number
2023/S 000-027414- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03a490Find a Tender
How it was run
Official notice- Submission deadline
- 13 Mar 2023, 17:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 13 Mar 2023, 17:01 GMT
Timeline
13 Mar 2023 → 15 Sept 2023 · 4 dates- Submission deadline13 Mar 2023, 17:00 GMT
- Bids opened13 Mar 2023, 17:01 GMT
- Contract starts1 May 2023, 00:00 BST
- Notice published15 Sept 2023, 17:15 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete15 Sept 2023, 17:15 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 1 · Birmingham & Solihull1 award | |||
| Oxford Innovation Services Limited | £1,149,750 † | — | Awarded |
| Lot 2 · Black Country (Dudley, Sandwell, Walsall & Wolverhampton)1 award | |||
| Oxford Innovation Services Limited | £768,717 † | — | Awarded |
| Lot 3 · Coventry1 award | |||
| C&W Business Solutions Ltd | £281,533 † | — | Awarded |
Contracts
UKSPF Business Support Investment Readiness Programme · Oxford Innovation Services Limited
- Signed
- 13 Mar 2023
- Value
- £1,149,750
- Period
- … – 31 Mar 2024
- Status
- active
UKSPF Business Support Investment Readiness Programme · Oxford Innovation Services Limited
- Signed
- 13 Mar 2023
- Value
- £768,717
- Period
- … – 31 Mar 2024
- Status
- active
UKSPF Business Support Investment Readiness Programme · C&W Business Solutions Ltd
- Signed
- 13 Mar 2023
- Value
- £281,533
- Period
- … – 31 Mar 2024
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Birmingham & Solihull | 8bids | — | — | — |
| 2 · Black Country (Dudley, Sandwell, Walsall & Wolverhampton) | 8bids | — | — | — |
| 3 · Coventry | 7bids | — | — | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
2 commercial parties on the notice- Growth Hub Business Solutions LtdAwarded supplier
- Oxford Innovation Services LtdAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.