Contract notice
Section I: Contracting
authority
I.1) Name and addresses
South West Investment Group (Capital) Ltd
Lowena House, Glenthorne Court, Truro Business Park, Threemilestone
Truro
TR4 9NY
UK
Contact person: Jenny Nott
E-mail: finance@swigcapital.co.uk
NUTS: UKK
Internet address(es)
Main address: https://www.swigfinance.co.uk/swig-capital-ltd/
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://www.contractsfinder.service.gov.uk/Notice/7afb51c9-6a5b-4025-b965-6a8dda7f65c0
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent to the abovementioned address
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Selection of a Fund Manager to manage the South West Loans Fund II
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
South West Investment Group (Capital) Ltd (SWIGC) wishes to appoint a Fund Manager to manage the South West Loans Fund II (the Fund), which will provide loans to small- medium-sized businesses in certain areas in the South West, which cannot obtain their full lending requirements from other financial sources.
II.1.5) Estimated total value
Value excluding VAT:
1 000 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UKK
Main site or place of performance:
The following Local Economic Partnership (LEP) areas: Heart of the South West LEP, West of England LEP, Gloucestershire LEP, Dorset LEP, Swindon and Wiltshire LEP.
II.2.4) Description of the procurement
South West Investment Group (Capital) Ltd (SWIGC) wishes to appoint a Fund Manager to manage the South West Loans Fund II (the Fund), which comprises of resources from SWIGC and the legacy from the Competitiveness ERDF South West Loans Fund, the Microcredit Loans Fund and the Cleantech Low Carbon Mezzanine Co-Investment Fund.
The Fund will provide loans of between GBP 25 000 and GBP 250 000 to small- and medium-sized incorporated businesses which cannot obtain their full lending requirements from other financial sources in the following Local Economic Partnership (LEP) areas: Heart of the South West LEP, West of England LEP, Gloucestershire LEP, Dorset LEP, Swindon and Wiltshire LEP. For fund modelling purposes it is expected that an initial investment of GBP 5.73 million, plus reinvestment of returns, will be invested in 180 businesses at an average of GBP 60 000 over a 5-year period.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
1 000 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 123
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
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
II.2.14) Additional information
Following the relevant consents, the fund is, in part, resourced by legacy monies from various funds which were to some extent supported by ERDF/EU finance. However, given that the original ERDF funds have been recycled through previous lending activity, the financing is now to be treated as 'other public monies' for regulatory and compliance purposes.
Section III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
III.2) Conditions related to the contract
III.2.3) Information about staff responsible for the performance of the contract
Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract
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.2.2) Time limit for receipt of tenders or requests to participate
Date:
15/04/2020
Local time: 16:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Tender must be valid until:
14/07/2020
IV.2.7) Conditions for opening of tenders
Date:
16/04/2020
Local time: 09:00
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
High Court of England and Wales
Royal Courts of Justice, Strand
London
WC2A 2LL
UK
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
In accordance with Regulations 86 and 87 of the Public Contracts Regulations 2015 (the Regulations), the contracting authority will incorporate a minimum 10 calendar day standstill period at the point information on the award of the contract is communicated to tenderers. Following this standstill period, the regulations provide that aggrieved parties who have been harmed or who are at risk of harm by a breach of the regulations can bring proceedings in the High Court (England, Wales and Northern Ireland). Any such proceedings must be brought within the limitation period specified by the Regulations according to the remedy sought.
VI.5) Date of dispatch of this notice
13/03/2020