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Published 2 Jun 2021, 15:05 BST

Official UK procurement notice

West Yorkshire Business Accelerator Fund Manager

Official notice

Authority: West Yorkshire Combined Authority (Local council)

ServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: Yorkshire & Humber (UKE4)
Published estimate£20,000,000exc. VAT
Submissions closed 2 Jul 2021

What is being bought

Published requirement description

The Combined Authority has identified a need for additional regional funding for high growth SME’s. An opportunity therefore exists for the creation of a new funding product via a Combined Authority commercial investment fund to drive inclusive growth, boost productivity and drive green growth in line with the Strategic Economic Framework Priorities. Using money previously invested and recycled through the Growing Places Fund, the Combined Authority has ring-fenced £20m (total) to establish a new commercial investment fund – the West Yorkshire Business Accelerator Fund (WYBAF or the Fund). The Combined Authority therefore requires an Fund Manager to Manage this Fund on its behalf.

CPV: Banking and investment services

The lotProcurement structure

single lot · value published
Lot #1Published value£20,000,000
Delivery: Yorkshire & Humber
Extensions: The contract structure period is 5+5+1+1. There are 3 options to extend.Variant bids: not allowed
66100000 Banking and investment services

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
Closed
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 Jun 2021, 15:05 BST
Last source update
2 Jun 2021, 15:05 BST
Award evaluation window
2 Jul 2021 – …
Authority reference
PROJECT NO. CA1489
FTS notice number
2021/S 000-012329
Classification (CPV)
Banking and investment services
Delivery area
Yorkshire & Humber (UKE4)
Official registry OCID
ocds-h6vhtk-02b79b Find a Tender

How it was run

Official notice
Run through: In-tend · Who buys & how to bid on In-tend
Supplier login requiredLanguage: EN
Access & registration note: Free · one account per buying organisation's portal · reCAPTCHA on signup
Submission deadline
2 Jul 2021, 10:00 BST
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bids opened
2 Jul 2021, 10:00 BST
Detailed submission instructions & authority contactsFrom official release

in-tendhost.co.uk/westyorkshireca/aspx… ↗

Timeline

2 Jun 2021 → 2 Jul 2021 · 3 dates
  1. Notice published
    2 Jun 2021, 15:05 BST
  2. Submission deadline
    2 Jul 2021, 10:00 BST
  3. Bids opened
    2 Jul 2021, 10:00 BST

Contracting authority & participating public bodies

West Yorkshire Combined Authority

Contracting authorityLocal CouncilRegional or local authorityGeneral public services 40-50 Wellington Street, Leeds, Yorkshire & Humber, LS12DEContact email Published organisation website ↗

Dispute resolution & review bodies

  • High Court and England and WalesReview body London

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria