Expired contract

Rosebud Investment Fund Management Services

Details

Value
£320,000
Duration
5 years
Topic
Banking and investment services
Published
4 June 2019

Tender description

This tender is for the establishment of a single supplier framework agreement for the provision of an Investment Fund Management service for the Rosebud finance scheme. Rosebud finance (Rosebud) is a package of financial instruments for growing businesses in Lancashire County Council's administration area, provided by Lancashire County Developments Ltd (LCDL), which is a wholly owned subsidiary of the Council. Whilst Rosebud has been an effective economic development tool for over 30 years, the Council are tendering on the basis of a new model for delivery which requires the new fund managers to manage a re-specified range of funds/products and where investment decision making will be more fully devolved. The fund management service will work closely with LCDL to support the economic activities of the company and the Authority's Corporate Communications in the promotion of Rosebud.

Timeline

  1. Completed: Award date1 June 2019
  2. Completed: Award published4 June 2019
    Current notice
  3. Completed: Contract expiry date30 June 2024

About the buyer

Lancashire County Council is a local authority that buys through directorates spread across the county. A Dynamic Market lets new suppliers join an approved list for above-threshold tenders at any time. Category managers based in directorates such as care and public health lead individual competitions.

Over the past 5 years, most of Lancashire County Council's contract awards have been in health and social work, business services and software and information systems.

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Decision makers

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