RFP QuestBeta
ClosedStage · contract

Liverpool City Region Combined Authority

Liverpool City Region Seed Fund: Fund Manager

Business ServicesCPV 79000000
Value£450k
Deadline12 Sept 2024
Published18 Jul 2024
RegionNorth West
Timeline
Published 18 Jul 2024ClosedCloses 12 Sept 2024
Contract value in context
£450ktotal contract value
median £66k
this tender£0£1.6m

This is a large award for Business Services — above three-quarters of comparable contracts. Based on 57,319 valued Business Services tenders in our corpus.

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The brief

Liverpool City Region has one of the UK's most developed place-based innovation ecosystems.

However, despite high business birth rates, Liverpool City Region has relatively low levels of high growth enterprises.

This is in part due to a lack of finance at the crucial seed stage of investment.

Research commissioned by Liverpool City Region Combined Authority indicates that 'providers of Seed Fund investment in Liverpool City Region are limited' despite a strong pipeline of demand.

Liverpool City Region Combined Authority has committed to investing in the LCR Seed Fund.

The Combined Authority is leading on the procurement and selection of a Fund Manager.

This forms part of a wider programme of activity to stimulate the growth of early-stage businesses with high-growth potential.

The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to meet the objectives of the Fund.

This will include consideration of the scale of Fund, options to leverage additional investment and proposals to embed activity in the Liverpool City Region Innovation Eco-System.

Key requirements

What the supplier must deliver

01

The CA will be conducting a tender

The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
9d86034c-bd5d-44c1-989c-6f9a7a46a12f
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
MERTVL001-DN712624-17011616
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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