Awarded contract

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 1 West

Details

Supplier(s)
Midvest Limited
Value
£35,000,000
Duration
10 years
Topic
Financial and insurance services
Published
13 July 2018

Tender description

Midlands Engines Investments Limited has conducted this procurement to contract a fund manager for:- Lot 1 Equity fund within the Framework range value of £80m to £300m across a number of funds.

Timeline

  1. Completed: Award date12 December 2017
  2. Completed: Award published13 July 2018
    Current notice
  3. Next: Contract expiry date19 February 2028in 16 months

About the buyer

British Business Bank is a government-owned economic development bank and non-departmental public body, wholly owned by the Department for Business and Trade. A supplier management policy sets out how the Bank runs its contracts. Monthly spend above a set threshold is published for transparency. Suppliers can also read the Bank's guide to public sector tendering.

Public sector frameworks let suppliers win call-off contracts through mini-competitions.

Over the past 5 years, most of British Business Bank's contract awards have been in business services, financial and insurance services and software and information systems.

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Decision makers

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