Expired contract

High Growth Accelerator Programme - Contract Award Notice

Details

Supplier(s)
Gateley Global Limited
Value
£1,705,000
Duration
10 months
Topic
Business and management consultancy and related services
Published
12 June 2024

Tender description

Contract Award Notice confirming the award of a contract for the High Growth Accelerator Programme for the period 05/06/24 to 31/03/25. The aim of this programme is to provide intensive and in-depth support for 50 high-growth SMEs (as defined by sections 382 and 465 of the Companies Act) in the West Midlands, ending in March 2025. The support will help these firms to manage their growth in a more sustainable way, ensuring that their growth continues higher, longer, and more sustainably than may have been without the support. We define a "high-growth firm" as an enterprise with average annualised growth in employees or turnover greater than 20 percent per annum, over a two-year period, and with a turnover of greater than £1 million per annum in the most recent accounts (or which has raised more than £500,000 in equity from external investors).

Timeline

  1. Completed: Award date5 June 2024
  2. Completed: Award published12 June 2024
    Current notice
  3. Completed: Contract expiry date31 March 2025

About the buyer

West Midlands Combined Authority runs regional transport, growth and skills programmes for seven West Midlands councils, and buys as a local authority with its own procurement team. Transport for West Midlands, the authority's transport arm, procures local transport policy and delivery on its behalf. The Mayor and the leaders of the seven constituent councils sign off major contracts through the authority's board.

A rolling pipeline lists larger opportunities expected over the next eighteen months.

Over the past 5 years, most of the West Midlands Combined Authority's contract awards have been in architectural and engineering services, business services and IT services.

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