Awarded contract

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2

Details

Supplier(s)
FSE MEIF GP Ltd
Value
£42,000,000
Duration
10 years
Topic
Financial and insurance services
Published
29 January 2020

Tender description

Financial and insurance services. Banking and investment services and related services. Corporate finance and venture capital services. Loan brokerage services. Midlands Engine Investment Limited has conducted this procurement within the Midlands region to contract a fund manager for Lot 2 debt funds within the framework range value of £120m to £400m across a number of funds.

Timeline

  1. Completed: Award date22 January 2020
  2. Completed: Award published29 January 2020
    Current notice
  3. Next: Contract expiry date22 January 2030in 3 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
  • 66100000 · Banking and investment services
  • 66120000 · Investment banking services and related services
  • 66122000 · Corporate finance and venture capital services
  • 66190000 · Loan brokerage services

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Decision makers

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