URBAN DEVELOPMENT FUND INVESTMENT MANAGEMENT SERVICES – SHORT DEADLINE

1. Title: URBAN DEVELOPMENT FUND INVESTMENT MANAGEMENT SERVICES – SHORT DEADLINE2. Awarding Authority: Lancashire County Council, GB Tel: 01772535026. Email: contractscorporate@lancashire.gov.uk. Web: (Rachel Green)3. Contract type: Service contractOpen4. Description: The Specified Urban Development Fund (LUDF) will provide capital to fill finance gaps for private sector developers that aim to build workspace in Lancashire, operating on the basis of investing in developments to bring forward activity that the market would not otherwise invest in. It is intended that the LUDF will promote economic growth in Lancashire by providing a mechanism to bring forward fit-for-purpose industrial and commercial premises for SME’s in Lancashire’s priority growth sectors and help to unlock key strategic employment sites to support growth. This tender is for the establishment of a Contract for the provision of Investement Fund Management Services (the Services as set out in the Specification and tender documents) for the LUDF. The appointed Service Provider will be responsible for managing all the affairs of the fund including the making of investment decisions at all stages through to term, disposal or exit/realisation. The Contract will require the Service Provider to agree to the achievement of Key Performance Indicators (KPIs) related to the investment of the funds. As the LUDF is part-funded by ERDF grant funding all investments and Services will be required to be undertaken in accordance with EU rules and regulations, including in a State Aid compliant manner. All of the requirements will be detailed within the Invitation to tender, the Specification and the Contract documentation5. CPV Code(s): 66100000, 66000000, 714100006. NUTS code(s): UKD, UKD4, UKD457. Main site or location of works, main place of delivery or main place of performance: Main site or location of works, main place of delivery or main place of performance: North West8. Reference attributed by awarding authority: RFQ/RFI Tender Number: RFQ 15262069Contract Reference: RJ/CORP/LCC/19/9209. Estimated value of requirement: Annual Contract Value: £330,000Total Contract Value: £1,650,00010. Tender Process Closing/Return Date 11.9.2020 (10:00).11. Address to which they must be sent: For further information regarding the above contract notice please visit: 12. Other information: Further Information & Documentation to be requested from (web location): iSupplier Portal (Sourcing Supplier)Contract Start Date: 01/11/2020Contract End Date: 31/10/2025Is this notice linked to another notice?: NoIs this suitable for SME (Small & Medium Enterprises)?: YesIs this suitable for VCSE (Voluntary Community & Social Enterprise)?: YesContract Type: ServicesExpressions of Interest invited before: N/ATender Documents are available until: 11/09/2020 10:00amIs this a Sub-Contract?: NoOther Information:# funding opportunity# COVID-19