Procurement Summary
Country : United Kingdom
Summary : Market Engagement - Business Growth and Social Impact Investment Fund
Deadline : 03 May 2023
Other Information
Notice Type : Tender
TOT Ref.No.: 81642637
Document Ref. No. : DN665766
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
Market Engagement - Business Growth And Social Impact Investment Fund
Business Growth and Social Impact Investment Fund Procurement Market Engagement EventWednesday 3rd May 2023 12pm - 1.30pmThe Cambridgeshire and Peterborough Combined Authority (CPCA) will soon be opening a tendering opportunity for a delivery partner that will be responsible for making investment decisions according to rigorous commercial criteria and make a commercial return on investment on the equity fund. They will incorporate the following areas in its delivery:
• Designing the fund in partnership with CPCA - undertaking market testing to test the assumptions made by the CPCA in developing the fund and make recommendations on the fund operation and financial modelling
• Promotion & Marketing of the fund
• Conducting Due Diligence assessments on applicants
• Issue loans, grants and equity investments
• Developing partnership to enhance existing relationships with the banks, accountants, capacity building organisations and other financial intermediaries located in the region. FinancialsThe project will have £10million in total, comprising £9.5million Capital and £500, 000 Revenue with two distinct categories of businesses being targeted, as follows:
• Fund 1 - a growth fund aimed at providing equity or debt funding to high growth potential businesses that do not have access to funding from other sources. The first priority sector for Fund 1 will be green-tech businesses. The fun...
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Tender Notice