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Warwickshire Recovery & Investment Fund: External Fund Management Services - Local Communities & Enterprise

Financial and insurance services
West Midlands (UKG)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Warwickshire County Council: "Warwickshire Recovery & Investment Fund: External Fund Management Services - Local Communities & Enterprise". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityWarwickshire County CouncilScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Warwickshire County Council
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Warwickshire County Council. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
37Bids / Report
3.3% 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: 426 active published awards; 422 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 Unpublished data stays unknown.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 AuthorityWarwickshire County Council
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
Published24 Jan 2022, 11:04 GMT
Last source update24 Jan 2022, 11:04 GMT
Recurring procurementNot published
ClassificationFinancial and insurance services
Delivery area
West Midlands (UKG)
OCIDocds-h6vhtk-02dc7f
What is being bought
The 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.
What changed
From the official release history
  1. Status changed to complete
    24 Jan 2022, 11:04 GMT
  2. Official notice release published
    24 Jan 2022, 11:04 GMT
  3. Submission deadline changed to published date
    24 Jan 2022, 11:04 GMT
  4. Status changed to active
    2 Sept 2021, 17:00 BST
  5. Official notice release published
    2 Sept 2021, 17:00 BST
  6. Submission deadline changed to 4 Oct 2021, 10:00 BST
    2 Sept 2021, 17:00 BST
  7. Buyer information updated
    2 Sept 2021, 17:00 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    The 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. Additional information: During the course of the contract period the range and scope of these services may be subject to modification and variation to meet the changing needs and requirements of the Council, potential changes in legislation and the changing demands placed on the Council by its customers.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    24 Jan 2022, 11:04 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 17 Dec 2021, 00:00 GMT · £1,393,000
Commercial outcome and competition
Awards
Coventry and Warwickshire Reinvestment Trust Ltd
Not published · Not published · active
Contracts
Contract
£1,393,000 · signed 17 Dec 2021, 00:00 GMT · active
Bid statistics
bids: 1 (lot 1)
Buyer and organisations in this procedure

Warwickshire County Council

Contracting authority GB-FTS-23770
View buyer profile

  • Warwickshire County Council
    buyer

    Shire Hall,Market Square, WARWICK, UKG13, CV344RL
    procurement@warwickshire.gov.uk

  • Coventry and Warwickshire Reinvestment Trust Ltd
    supplier

    Coventry, UKG3

  • Royal Courts of Justice
    reviewBody

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