Awarded contract

Agreement for the Cornwall and Isle of Scilly Investment Fund (CIOSIF) Fund

Details

Supplier(s)
FSE CIC
Value
£10,000,000
Duration
10 years
Topic
Financial and insurance services
Published
30 July 2018

Tender description

The British Business Bank is conducting this procurement to establish an agreement for a fund manager for the Cornwall and Isles of Scilly region for: A combined debt and equity fund; value range of: 40 000 000 GBP to 80 000 000 GBP

Timeline

  1. Completed: Award date30 April 2018
  2. Completed: Award published30 July 2018
    Current notice
  3. Next: Contract expiry date30 June 2028in 2 years

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

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Decision makers

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