GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 4
Details
- Supplier(s)
- Enterprise Ventures Limited
- Value
- £23,000,000
- Duration
- 10 years
- Topic
- Financial and insurance services
- Published
- 13 July 2018
- Source
- ContractsFinder
Tender description
Midland Engine Investments Limited has conducted this procurement for a fund manager for:- Lot 4 Proof of concept and early stage fund within the framework range value of £20m to £40m across a number of funds
Timeline
- Completed: Award date12 December 2017
- Completed: Award published13 July 2018Current notice
- Next: Contract expiry date19 February 2028in 17 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. Procurement follows the Public Contract Regulations 2015 and the Procurement Act 2023. Larger opportunities are advertised through the Find a Tender service. Public sector frameworks let suppliers win call-off contracts through mini-competitions. A contracts register, updated every six months, lists what the Bank has awarded. Monthly spend above a set threshold is published for transparency. Suppliers can also read the Bank's guide to public sector tendering.
Procurement spend from central entities makes up 66% of overall UK public spend.
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.
Relevant CPV codes
- 66000000 · Financial and insurance services
- 66100000 · Banking and investment services
- 66120000 · Investment banking services and related services
- 66122000 · Corporate finance and venture capital services
- 66190000 · Loan brokerage services
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@british-business-bank.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@british-business-bank.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@british-business-bank.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@british-business-bank.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@british-business-bank.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@british-business-bank.gov |
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