Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Liverpool City Region Combined Authority
1 Mann Island
Liverpool
L3 1BP
UK
Contact person: Procurement
E-mail: tender@liverpoolcityregion-ca.gov.uk
NUTS: UKD7
Internet address(es)
Main address: https://www.liverpoolcityregion-ca.gov.uk/
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
Liverpool City Region Seed Fund: Fund Manager
Reference number: DN712624
II.1.2) Main CPV code
79000000
II.1.3) Type of contract
Services
II.1.4) Short 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 oft he 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.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
1 072 500.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKD7
II.2.4) Description of the procurement
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 oft he 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.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 80
Cost criterion: Cost
/ Weighting: 20
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:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2024/S 000-022148
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
12/11/2024
V.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
LCRSF GENERAL PARTNER LTD
Liverpool
UK
NUTS: UKD7
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 1 072 500.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Royal Courts of Justice
London
UK
VI.5) Date of dispatch of this notice
09/07/2025