Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Liverpool City Region Combined Authority
1 Mann Island
Liverpool
L3 1BP
UK
Contact person: Procurement Team
Telephone: +44 1513301111
E-mail: tender@liverpoolcityregion-ca.gov.uk
NUTS: UKD7
Internet address(es)
Main address: https://www.liverpoolcityregion-ca.gov.uk/
Address of the buyer profile: https://www.liverpoolcityregion-ca.gov.uk/
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://procontract.due-north.com/Advert/Index?advertId=f20c0586-d044-ef11-812d-005056b64545
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://procontract.due-north.com/Advert/Index?advertId=f20c0586-d044-ef11-812d-005056b64545
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
Other: Local government
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Liverpool City Region Seed Fund: Fund Manager
Reference number: DN712624
II.1.2) Main CPV code
79000000
II.1.3) Type of contract
Services
II.1.4) Short description
Liverpool City Region has one of the UK’s most developed place-based innovation eco-systems. 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.
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
79000000
II.2.3) Place of performance
NUTS code:
UKD7
II.2.4) Description of the procurement
Liverpool City Region has one of the UK’s most developed place-based innovation eco-systems. 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.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 120
This contract is subject to renewal: Yes
Description of renewals:
Provision to extend the agreement by 2 x 12-month periods
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
12/09/2024
Local time: 11:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.7) Conditions for opening of tenders
Date:
12/09/2024
Local time: 11:00
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
Royal Courts of Justice
London
UK
VI.5) Date of dispatch of this notice
18/07/2024