Closed tender

Liverpool City Region Seed Fund: Fund Manager

Details

Value
£450,000
Topic
Business services: law, marketing, consulting, recruitment, printing and security
Published
18 July 2024
Submission
12 September 2024

Tender description

Liverpool City Region has one of the UK's most developed place-based innovation ecosystems. However, despite high business birth rates, Liverpool City Region has relatively low levels of high growth enterprises. This is in part due to a lack of finance at the crucial seed stage of investment. Research commissioned by Liverpool City Region Combined Authority indicates that 'providers of Seed Fund investment in Liverpool City Region are limited' despite a strong pipeline of demand. Liverpool City Region Combined Authority has committed to investing in the LCR Seed Fund. The Combined Authority is leading on the procurement and selection of a Fund Manager. This forms part of a wider programme of activity to stimulate the growth of early-stage businesses with high-growth potential. The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to meet the objectives of the Fund. This will include consideration of the scale of Fund, options to leverage additional investment and proposals to embed activity in the Liverpool City Region Innovation Eco-System. Additional information: https://procontract.due-north.com/Advert/Index?advertId=f20c0586-d044-ef11-812d-005056b64545

Timeline

  1. Completed: Tender published18 July 2024
    Current notice
  2. Completed: Submission date12 September 2024

About the buyer

Liverpool City Region Combined Authority brings together six Merseyside councils and Merseytravel, and buys as a local authority with its own procurement team led by a Head of Procurement. Sourcing runs through a mix of open tenders and cross-government frameworks, including Crown Commercial Service agreements.

A forward-looking pipeline lists larger opportunities before they reach market.

Over the past 5 years, most of the Liverpool City Region Combined Authority's contract awards have been in business services, research and development and architectural and engineering services.

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