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Official procurement procedure

UKSPF Business Support Investment Readiness Programme

Financial consultancy services
West Midlands (UKG31)
West Midlands (UKG32)
West Midlands (UKG33)
West Midlands (UKG36)
Published value
Not published
Submission deadline Not published
Lots published3
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: West Midlands Combined Authority: "UKSPF Business Support Investment Readiness Programme". Published status: complete. Published value: Value not published. 3 published lots. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityWest Midlands Combined AuthorityScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: West Midlands Combined Authority
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for West Midlands Combined Authority. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
5.8Bids / Report
9.7% 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: 109 active published awards; 103 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. Price reduction 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 Unpublished data stays unknown.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 Midlands Combined Authority
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published15 Sept 2023, 17:15 BST
Last source update15 Sept 2023, 17:15 BST
Recurring procurementNot published
ClassificationFinancial consultancy services
Delivery area
West Midlands (UKG31)
West Midlands (UKG32)
West Midlands (UKG33)
West Midlands (UKG36)
OCIDocds-h6vhtk-03a490
What is being bought
The 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.
What changed
From the official release history
  1. tender value changed
    15 Sept 2023, 17:15 BST
  2. Status changed to complete
    15 Sept 2023, 17:15 BST
  3. Official notice release published
    15 Sept 2023, 17:15 BST
  4. Submission deadline changed to published date
    15 Sept 2023, 17:15 BST
  5. Published value updated to £2,200,000
    10 Feb 2023, 09:21 GMT
  6. Status changed to active
    10 Feb 2023, 09:21 GMT
  7. Official notice release published
    10 Feb 2023, 09:21 GMT
  8. Submission deadline changed to 13 Mar 2023, 17:00 GMT
    10 Feb 2023, 09:21 GMT
  9. Buyer information updated
    10 Feb 2023, 09:21 GMT
Lots and requirements (3)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    Birmingham & Solihull
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
  • Lot 2 · #2
    Individual lot title not published
    cancelled
    Published valueNot published
    Black Country
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
  • Lot 3 · #3
    Individual lot title not published
    cancelled
    Published valueNot published
    Coventry
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    15 Sept 2023, 17:15 BST
  2. Award active
    Not published · Not published
  3. Award active
    Not published · Not published
  4. Award active
    Not published · Not published
  5. Contract active
    Signed 13 Mar 2023, 00:00 GMT · £1,149,750
  6. Contract active
    Signed 13 Mar 2023, 00:00 GMT · £768,717
  7. Contract active
    Signed 13 Mar 2023, 00:00 GMT · £281,533
Commercial outcome and competition
Awards
Oxford Innovation Services Ltd
Not published · Not published · active
Oxford Innovation Services Ltd
Not published · Not published · active
Growth Hub Business Solutions Ltd
Not published · Not published · active
Contracts
UKSPF Business Support Investment Readiness Programme
£1,149,750 · signed 13 Mar 2023, 00:00 GMT · active
UKSPF Business Support Investment Readiness Programme
£768,717 · signed 13 Mar 2023, 00:00 GMT · active
UKSPF Business Support Investment Readiness Programme
£281,533 · signed 13 Mar 2023, 00:00 GMT · active
Bid statistics
bids: 8 (lot 1)
bids: 8 (lot 2)
bids: 7 (lot 3)
Buyer and organisations in this procedure

West Midlands Combined Authority

Contracting authority GB-FTS-2655
View buyer profile

  • West Midlands Combined Authority
    buyer

    16 Summer Lane, Birmingham, UKG, B19 3SD
    william.pemberton@wmca.org.uk
    +44 3453036760

  • Growth Hub Business Solutions Ltd
    supplier

    Coventry, UKG33

  • Oxford Innovation Services Ltd
    supplier

    Oxford, UKJ14

  • West Midlands Combined Authority
    reviewBody

    Birmingham
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published