Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Hertfordshire County Council
Pegs Lane
Hertford
SG13 8DE
UK
Contact person: Strategic Procurement Group
Telephone: +44 1707292463
E-mail: zoe.upson@hertfordshire.gov.uk
NUTS: UKH23
Internet address(es)
Main address: http://www.hertfordshire.gov.uk
Address of the buyer profile: http://www.supplyhertfordshire.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
HCC 12/18 — The Provision of a Fund Management Services to Deliver as Growing Business Fund to Provide SME Loan and Grant Scheme in Hertfordshire
Reference number: HCC1811094
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
This is an award notice and this opportunity is now closed. Please see Section V (Award of Contract) for further details.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
735 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
66000000
66000000
66000000
II.2.3) Place of performance
NUTS code:
UKH23
Main site or place of performance:
II.2.4) Description of the procurement
The Local Enterprise Partnership (LEP) are looking to introduce a Growing Business Fund in Hertfordshire to enable growing SMEs to apply for loan and/or grant funds to invest in capital projects to boost capacity and improve productivity. The LEP is therefore looking to procure a professional fund manager to operate a grant and loan scheme requiring the fund manager to develop pipelines of investment propositions and carry out professional due diligence on Small to Medium-sized Enterprises (‘SMEs’) applying for funding. The key features of the fund are:
— management of 3 700 000 GBP LEP loan fund, and 2 500 000 GBP ERDF monies,
— marketing and promotion of loan and grant scheme to develop investment pipelines,
— managing the application process and carrying out professional due diligence on applicants,
— monitoring the payments process and progress of applicants projects The LEP will have the final decision on whether to award grants or loans. It is still to be decided whether the fund manager will be required to set up a company or use any other form of special purpose vehicle (this is subject to a bidder setting out an appropriate mechanism for the appropriate management of the fund). The LEP, therefore, invites bids setting out proposals for the efficient management and handling of the fund which best safeguards the public purse (e.g depositing funds in an escrow account under the control of the LEP) and retains final decisions on the release of grant and loan payments with the LEP.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 65 %
Price
/ Weighting:
35 %
II.2.11) Information about options
Options:
Yes
Description of options:
The loan contract period is for three (3) core years with the option to extend every two (2) years up to a maximum of four (4) years The grant contract period is for three (3) core years with the option to extend every two (2) years up to a maximum of four (4) years.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
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:
2018/S 242-552820
Section V: Award of contract
Contract No: HCC1811094
Title: HCC 12/18 — The Provision of a Fund Management Services to Deliver as Growing Business Fund to Provide SME Loan and Grant Scheme in Hertfordshire
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
24/04/2019
V.2.2) Information about tenders
Number of tenders received: 1
Number of tenders received from SMEs: 1
Number of tenders received by electronic means: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
FSE C.I.C
04463599
Riverside House, 4 Meadows Business Park, Station Approach, Blackwater
Camberley
GU17 9AB
UK
NUTS: UKJ2
The contractor is an SME:
Yes
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:
: 735 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
This is an award notice and this opportunity is now closed. Please see section V (Award of Contract) for further details.
VI.4) Procedures for review
VI.4.1) Review body
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
VI.5) Date of dispatch of this notice
06/06/2019