Closed tender

ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance

Details

Value
£200,000
Topic
Accounting services
Published
31 October 2024
Submission
2 December 2024

Tender description

Arts Council England are conducting a Procurement for a Framework of Financial Advisors to support with the administration of the Cultural Recovery Fund loans programme. As part of the government's response to the Covid 19 crisis, the Department for Culture, Media and Sport (DCMS) made 37 loans to arts and culture organisations, investing £250 million. DCMS are the Lender for the loans, and Arts Council acts as their loan agent. A dedicated repayable finance team manages the day-to-day responsibility of the loan book management, monitoring, and reporting. From time to time, ACE requires an independent and impartial review of a borrower organisation and its financial model to support our decisions regarding their loans - referred to as Financial Advisors.

Timeline

  1. Completed: Tender published31 October 2024
    Current notice
  2. Completed: Submission date2 December 2024

About the buyer

Arts Council England is a non-departmental public body sponsored by the Department for Culture, Media and Sport, and is the national development agency for arts and culture. A central procurement services team, based in Manchester, oversees buying across the organisation.

Over the past 5 years, most of Arts Council England's contract awards have been in IT services, business services and research and development.

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Decision makers

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