Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Ambition North Wales
Government Buildings, Sarn Mynach,
Llandudno Junction
LL31 9RZ
UK
Contact person: Mrs Sara Jones
Telephone: +44 7765652510
E-mail: sarajones@uchelgaisgogledd.cymru
NUTS: UKL12
Internet address(es)
Main address: https://ambitionnorth.wales/
Address of the buyer profile: https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0361
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Fund Advisory Services for Ambition North Wales Clean Energy Fund
Reference number: SLEF - FSA - ER01
II.1.2) Main CPV code
73000000
II.1.3) Type of contract
Services
II.1.4) Short description
Ambition North Wales (ANW) is seeking to procure a Fund Advisor for two distinct stages of work. The first stage will involve assisting ANW with preparation for launch and will include input in the following key areas:
Market intelligence input into the Investment Strategy and associated priorities to support finalisation of this Strategy;
Developing a marketing strategy and a launch plan;
Input into the ANW fund management plan, which can be defined as: a document which sets out the operational procedures for the Fund for it to be established, managed effectively, and deliver against the objectives for the Fund. It will provide an overview of the key activities of the Fund over the medium term, covering the set up and then ongoing operation and management of the Fund;
Scoping the support required to enable an online application process channelled through ANW website; and
Scoping any legal input or other external advisory support required for launch of the fund.
The second stage will provide advisory support to operate the fund during the deployment period and it is envisaged this will be over a minimum 5-year contract period. The advisor will be responsible for sourcing investments, undertaking due diligence, developing investment business cases, and recommending investments for approval and then providing regular progress and monitoring reports on the performance of investments and the portfolio of the Fund.
It should be noted that the investment strategy is a live document that has built-in flexibility to change throughout the life of the fund in response to changing market demand and conditions.
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
73000000
73200000
73210000
73220000
73300000
II.2.3) Place of performance
NUTS code:
UKL11
UKL12
UKL13
UKL23
Main site or place of performance:
Across North Wales
II.2.4) Description of the procurement
Open Tender
II.2.5) Award criteria
Quality criterion: as per procurement documents
/ Weighting: 100
Price
/ Weighting:
0
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2023/S 000-018263
Section V: Award of contract
Contract No: SLEF - FSA - ER01
A contract/lot is awarded:
No
V.1 Information on non-award
The contract/lot is not awarded
Other reasons (discontinuation of procedure)
Section VI: Complementary information
VI.3) Additional information
(WA Ref:134097)
VI.4) Procedures for review
VI.4.1) Review body
High Court
Royal Courts of Justice, The Strand
London
WC2A 2LL
UK
Telephone: +44 2079477501
VI.5) Date of dispatch of this notice
15/08/2023