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

Geochart for 2 buyers and 1 suppliers

2 buyers

1 supplier

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)
  • Num offers: 3
  • Value: £340,000
  • Contractor is an SME.

Award Criteria

Quality 80.0
Cost 20.0

CPV Codes

  • 66000000 - Financial and insurance services

Indicators

  • Award on basis of price and quality.

Reference

Domains