Official UK procurement notice
Warwickshire Recovery & Investment Fund: External Fund Management Services - Local Communities & Enterprise
Authority: Warwickshire County Council (Local council)
What is being bought
Published requirement descriptionThe Warwickshire Recovery Investment Fund (WRIF) specifically addresses a gap that has been identified in the market for access to finance. The aim is to distribute £140 million over the next five years, offering loans and other financial investments to existing and new businesses to help their long-term recovery and growth.
The WRIF will comprise of three pillars of support:
- Business Investment Growth - Debt finance to growing medium and larger businesses with sound prospects (likely to be in the region of £90 million).
- Local Communities and Enterprise - Smaller loans in order to support small businesses, including start-ups and social enterprises (likely to be in the region of £10 million).
- Property and Infrastructure - Investment in commercial sites and premises to encourage businesses to invest in Warwickshire and create jobs. (likely to be in the region of £40
million).
Warwickshire County Council ('the Council') is seeking an External Fund Manager to manage one element of the Warwickshire Recovery and Investment Fund (WRIF); the Local
Communities and Enterprise Pillar.
This ITT relates to the requirement for the Local Communities and Enterprise Pillar. The Local Communities and Enterprise Pillar is aimed at smaller businesses, new business start-ups, early phase businesses, and social enterprises. The focus is on micro (less than 10 employees) and small businesses (less than 50 employees) but will consider applications from medium-sized enterprises up to 250 employees on a case by case basis.
The Fund Manager will be responsible for the set up and day to day management and administration of the Fund for the Local Communities and Enterprise Pillar.
CPV: Financial and insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
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 (7)
- Skills & Capability: 12%
- Deal Origination: 15%
- Fund Management: 15%
- Deployment: 9%
- Systems: 6%
- price: 40%
- Social Value: 3%
Published award criteria (7)
- Skills & Capability: 12
- Deal Origination: 15
- Fund Management: 15
- Deployment: 9
- Systems: 6
- Social Value: 3
- Price: 40
- Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- 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
- 2 Sept 2021, 17:00 BST
- Last source update
- 24 Jan 2022, 11:04 GMT
- Award evaluation window
- 4 Oct 2021 – …
- FTS notice number
2022/S 000-001979- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02dc7fFind a Tender
Publisher note: Warwickshire County Council will be using its e-tendering system (In-Tend) for the administration of this procurement process and providers must register with the system to be able to express an interest. The web address is: www.csw-jets.co.uk Registration and use of In-Tend is free. Once registered, all correspondence for this procurement process must be via the in-tend correspondence function. However, if you are unable to register with the website please email us at [email protected]
How it was run
Official notice- Submission deadline
- 4 Oct 2021, 10:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 4 Oct 2021, 10:15 BST
Timeline
4 Oct 2021 → 24 Jan 2022 · 3 dates- Submission deadline4 Oct 2021, 10:00 BST
- Bids opened4 Oct 2021, 10:15 BST
- Notice published24 Jan 2022, 11:04 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete24 Jan 2022, 11:04 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Coventry and Warwickshire Reinvestment Trust LtdSME | £1,393,000 † | — | Awarded |
Contracts
Contract 001979-2022-1 · Coventry and Warwickshire Reinvestment Trust LtdSME
- Signed
- 17 Dec 2021
- Value
- £1,393,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Royal Courts of JusticeReview body
Bidders & participating suppliers
1 commercial party on the notice- Coventry and Warwickshire Reinvestment Trust LtdAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria