D2N2-0723 D2N2 Early Stage Angel Investment Fund (ESAIF) Fund Manager
A Contract Award Notice
by D2N2 LOCAL ENTERPRISE PARTNERSHIP
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 5 year (est.)
- Value
- £340K
- Sector
- BUSINESS
- Published
- 24 Sep 2024
- Delivery
- To 29 Aug 2029 (est.)
- Deadline
- n/a
Concepts
Location
Nottingham
2 buyers
- D2N2 Local Enterprise Partnership Nottingham
1 supplier
- Haatch Ventures Stamford
Description
Established in 2010, D2N2 is a Local Enterprise Partnership (LEP) operating in the local authority areas of Derby, Derbyshire, Nottingham, and Nottinghamshire to grow the area’s economy. Local enterprise partnerships are non-statutory bodies responsible for local economic development in England. D2N2 is one of the largest LEPs in England, with a population of more than two million people and with an economic output of over £50.5 billion GVA (gross value added). D2N2 is looking to establish an early stage angel investment fund (the Fund) in order to promote equity investment in a core client group where intervention is required to stimulate real opportunity, namely early-stage, start-up businesses between 6 months to 2-years old, typically requiring small amounts of pre-seed and seed investment. D2N2 has up to £4m to invest and requires a 1:1 co-investment rate from the successful Tenderer. D2N2 proposes a Limited Partnership fund structure for the Fund in order to deliver the investments. D2N2 is looking for a service provider who will be appointed to establish the Fund (including taking the role of General Partner of the Limited Partnership) and to be responsible for the day-to-day operation, decision-making and management of the Fund (the Fund Manager).
Award Detail
1 | Haatch Ventures (Stamford)
|
Award Criteria
Quality | 80.0 |
Cost | 20.0 |
CPV Codes
- 66000000 - Financial and insurance services
Indicators
- Award on basis of price and quality.
Reference
- FTS 030438-2024