UKSPF Business Support Investment Readiness Programme

A Contract Award Notice
by WEST MIDLANDS COMBINED AUTHORITY

Source
Find a Tender
Type
Contract (Services)
Duration
11 month (est.)
Value
£2M
Sector
BUSINESS
Published
15 Sep 2023
Delivery
01 May 2023 to 31 Mar 2024 (est.)
Deadline
n/a

Concepts

Location

Birmingham

Geochart for 2 buyers and 3 suppliers
West Midlands Combined Authority
Oxford Innovation Services
Growth Hub Business Solutions
+−
Leaflet | Map tiles by Stamen Design, under CC BY 3.0. Data by OpenStreetMap, under ODbL.

2 buyers

2 suppliers

Description

The West Midlands (WM) Investment Readiness programme aims to address demand-side weaknesses in Small to Medium Enterprises (SME) access to external finance in the West Midlands. They are usually focused on equity finance (i.e. raising capital in exchange for an ownership share), but local programmes in England have also covered debt finance (e.g. applying for bank loans). The WM Investment Readiness Programme will include both equity and debt finance which will support the growth and scale up plans of the WM SMEs.

Lot Division

1

Birmingham & Solihull
2

Black Country
3

Coventry

Award Detail

1 Oxford Innovation Services (Oxford)
  • UKSPF Business Support Investment Readiness Programme
  • Reference: 04413-2022
  • Num offers: 8
  • Value: £1,149,750
2 Oxford Innovation Services (Oxford)
  • UKSPF Business Support Investment Readiness Programme
  • Reference: 04413-2022
  • Num offers: 8
  • Value: £768,717
3 Growth Hub Business Solutions (Coventry)
  • UKSPF Business Support Investment Readiness Programme
  • Reference: 04413-2022
  • Num offers: 7
  • Value: £281,533

Renewal Options

3 x 1 year options

Award Criteria

Technical 80.0
Commercial (Price) 20.0
PRICE 100.0

CPV Codes

  • 66171000 - Financial consultancy services

Indicators

  • Options are available.
  • Award on basis of price.

Reference

Domains