Contract award notice
Results of the procurement procedure
Section I: Contracting
authority
I.1) Name and addresses
National Procurement Service (NPS) for Wales on behalf of Finance Wales plc (FW)
Ty'r Afon, Bedwas Road
Caerphilly
CF83 8WT
UK
E-mail: npsprofessionalservices@wales.gsi.gov.uk
NUTS: UKL
Internet address(es)
Main address: www.financewales.co.uk
Address of the buyer profile: http://www.sell2wales.gov.uk/search/Search_AuthProfile.aspx?ID=AA0555
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
Provision of Fund Management Services to the Wales Business Fund
Reference number: NPS-PS-0029-15
II.1.2) Main CPV code
66122000
II.1.3) Type of contract
Services
II.1.4) Short description
Finance Wales plc ("FW") has been appointed by the Welsh European Funding Office as the Holding Fund/Fund Administrator for a new fund for Welsh-based Micro to Medium Enterprises. The new fund will be known as the Wales Business Fund.
NPS facilitated the procurement process on behalf of FW. The tender was undertaken through the NPS electronic tendering profile at www.etenderwales.bravosolution.co.uk.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
24 100 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKL
II.2.4) Description of the procurement
FW was appointed by WEFO as the Holding Fund/Fund Administrator for a new fund for Welsh based Micro to Medium Enterprises. The new fund is known as the Wales Business Fund the “Fund”. The Fund is a GBP135.9m fund comprising 2 sub-funds: Equity and Loans. The Fund will operate within the State aid framework and will be required to be managed and administered in accordance with the requirements of the Structural Funds legislation.
The purpose of the procurement process was to invite professional, financially robust, FCA authorised fund managers to bid to deliver the Fund.
NPS facilitated the procurement process on behalf of FW.
II.2.5) Award criteria
Quality criterion: Provide a high quality project team
/ Weighting: 30
Quality criterion: Manage and deliver the loans sub-fund
/ Weighting: 20
Quality criterion: Manage and deliver the equity sub-fund
/ Weighting: 20
Quality criterion: Manage risks and ensure compliance
/ Weighting: 10
Quality criterion: Ensure compliance with, and delivery of, funders' requirements
/ Weighting: 20
Quality criterion: Deliver the KPIs and Target Output Indicators
/ Weighting: 30
Quality criterion: Undertake operational communications and business development
/ Weighting: 10
Quality criterion: Put appropriate processes and systems in place to manage the Fund
/ Weighting: 10
Quality criterion: Presentation
/ Weighting: 10
Price
/ Weighting:
50
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:
Yes
Identification of the project:
The Wales Business Fund is to be part-funded by the European Regional Development Fund (ERDF) West Wales and the Valleys Programme and the ERDF East Wales Programme.
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:
2016/S 043-070187
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
16/08/2016
V.2.2) Information about tenders
Number of tenders received: 1
Number of tenders received from SMEs: 1
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
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
Finance Wales Investments Ltd
1 Capital Quarter, Tyndall Street
Cardiff
CF10 4BZ
UK
Telephone: +44 7789371315
NUTS: UKL
Internet address(es)
URL: www.financewales.co.uk
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:
: 24 100 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
(WA Ref:53428)
VI.4) Procedures for review
VI.4.1) Review body
Finance Wales
1 Capital Quarter, Tyndall Street
Cardiff
UK
E-mail: procurement@financewales.co.uk
Internet address(es)
URL: www.financewales.co.uk
VI.5) Date of dispatch of this notice
12/09/2016