The Provision of Legal Services to the Teesside Flexible Investment Fund

Contract details

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ID:

145974

OCID:

ocds-kuma6s-140891

Contract type:

Services

Procedure type:

Open

Contract award notice ref:

NOV494473

Internal ref:

DBW00072

Contact catergory:

C - Local contract let on behalf of one buyer

Buyer:

Development Bank of Wales

Primary CPV code:

79100000

Additional CPV code(s):

79100000; 79111000; 79140000

Is framework:

No

Carbon reduction plan:

Options:

Description:

Teesside Flexible Investment Fund The Teesside Flexible Investment Fund (“TFIF”) is a GBP20m fund established in April 2024 with financial support from the Teesside Pension Fund to facilitate the delivery of business succession and property development projects in Teesside that support economic growth and create employment. The fund can also facilitate the delivery of contracts, although this is outside of the scope of this procurement. The fund can provide funding from GBP250,000 to GBP3,000,000 over a maximum five (5) year term. 2.4 FWC as Fund Managers of the TFIF, are seeking to appoint an experienced legal panel on a call off basis to be utilised as and when required to support the role out of the fund. Further information can be obtained from the Invitation to Tender

Purchasing team:

N/a

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Contract dates

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Date awarded:

02 July 2024

Start date:

01 July 2024

End date:

01 July 2026

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Contract extensions

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Extended contract end date:

-

Max extension options available:

24 (months)

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Additional information

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Additional information:

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Contact details

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Contract name:

N/a

Contract email:

procurement@developmentbank.wales

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