West Yorkshire Business Accelerator Fund Manager

A Tender Notice
by WEST YORKSHIRE COMBINED AUTHORITY

Source
Find a Tender
Type
Contract (Services)
Duration
12 year
Value
£20M
Sector
BUSINESS
Published
02 Jun 2021
Delivery
To 30 Apr 2033 (est.)
Deadline
02 Jul 2021 09:00

Concepts

Location

West Yorkshire:

Geochart for 1 buyers and 0 suppliers

1 buyer

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.

Renewal Options

The contract structure period is 5+5+1+1. There are 3 options to extend.

CPV Codes

  • 66100000 - Banking and investment services

Indicators

  • This is a one-off contract (no recurrence)
  • Options are available.
  • Renewals are not available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **

Reference

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