Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Lancashire County Council
County Hall
Preston
PR1 0LD
UK
E-mail: contractscorporate@lancashire.gov.uk
NUTS: UKD4
Internet address(es)
Main address: www3.lancashire.gov.uk/corporate/web/?siteid=6864&pageid=41880
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Investment Fund Management Services
Reference number: RJ/CORP/LCC/18/850
II.1.2) Main CPV code
66100000
II.1.3) Type of contract
Services
II.1.4) Short description
Lancashire County Council (the Council) is inviting tenders for investment management and investment fund management services to be provided to the Council and its wholly owned subsidiary Lancashire County Developments Limited (LCDL) in relation to the Rosebud Fund.
Rosebud is a finance loan and equity funding scheme provided by the Council and LCDL for growing businesses in Lancashire.
This tender is for the establishment of a single provider contract whereby the successful tenderer will be asked to provide the services outlined in the contract documentation of this tender from 1.4.2019 for a period of 5 years.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
1 280 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKD4
II.2.4) Description of the procurement
This tender is for the establishment of a single contract for the provision of an Investment Fund Management service for the Rosebud finance scheme.
Rosebud finance (Rosebud) is loan and equity funding for growing businesses in Lancashire County Council's (the Council) administration area, provided by Lancashire County Developments Ltd (LCDL), which is a wholly owned subsidiary of the Council.
The fund management service will work closely with the sector lead bodies of LCDL to support the economic activities of the company and the Authority's Corporate Communications in the promotion of Rosebud.
A specification will be provided for the contract outlining the requirements on which the suppliers may bid. The contract will require providers to agree to the achievement of outputs and outcomes related to the investment of funds and the subsequent growth achieved by the organisations, and to comply with any requirements related to LCDL funding. All of the requirements will be detailed within the tender documentation.
II.2.5) Award criteria
Quality criterion: Transition
/ Weighting: 0
Quality criterion: Investment appraisal
/ Weighting: 11
Quality criterion: Investment management
/ Weighting: 11
Quality criterion: Marketing, awareness and partnership
/ Weighting: 8
Quality criterion: Evaluation, review and adaption
/ Weighting: 8
Quality criterion: Experience and staffing
/ Weighting: 8
Quality criterion: Business continuity and systems
/ Weighting: 5
Quality criterion: Equity and sustainability
/ Weighting: 4
Quality criterion: Social value
/ Weighting: 5
Price
/ Weighting:
40
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.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
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:
2019/S 068-159828
Section V: Award of contract
Title: Investment Fund Management Services
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
01/06/2019
V.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
The Enterprise Fund Limited T/A Growth Company Business Finance
Manchester
UK
NUTS: UKD4
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 1 280 000.00
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 — The High Court
London
WC2A 2LL
UK
Telephone: +44 2079476000
VI.4.4) Service from which information about the review procedure may be obtained
Lancashire County Council
Preston
PR1 8XJ
UK
VI.5) Date of dispatch of this notice
03/06/2019