Section one: Contracting authority
one.1) Name and addresses
West Midlands Combined Authority
16 Summer Lane
Birmingham
B19 3SD
Telephone
+44 3453036760
Country
United Kingdom
Region code
UKG - West Midlands (England)
Internet address(es)
Main address
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://wmca.bravosolution.co.uk/go/5171259101863A9F49BB
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://wmca.bravosolution.co.uk/go/5171259101863A9F49BB
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Regional or local authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
UKSPF Business Support - Investment Readiness Programme
Reference number
04413-2022
two.1.2) Main CPV code
- 66171000 - Financial consultancy services
two.1.3) Type of contract
Services
two.1.4) Short description
The West Midlands (WM) Investment Readiness programme aims to address demand-side weaknesses in Small to Medium Enterprises (SME) access to external finance in the West Midlands. They are usually focused on equity finance (i.e. raising capital in exchange for an ownership share), but local programmes in England have also covered debt finance (e.g. applying for bank loans). The WM Investment Readiness Programme will include both equity and debt finance which will support the growth and scale up plans of the WM SMEs.
The WM Investment Readiness Programme will support WM SMEs in the following ways:
• Provide WM SMEs with a road map of the investments that suits their growth plans
• Provide strategic support for WM SMEs to understand the investment process and the in-depth reviews that will be conducted in appraisals for funding steams
• Develop the pitch for each type of investor
• Grow a network of fund managers that can deliver investment
• Reinvest success with continuous provision of a network of funders that can support the next generation of high growth and scale up businesses
two.1.5) Estimated total value
Value excluding VAT: £2,200,000
two.1.6) Information about lots
This contract is divided into lots: Yes
Tenders may be submitted for all lots
Maximum number of lots that may be awarded to one tenderer: 3
The contracting authority reserves the right to award contracts combining the following lots or groups of lots:
N/A
two.2) Description
two.2.1) Title
Birmingham & Solihull
Lot No
1
two.2.2) Additional CPV code(s)
- 66171000 - Financial consultancy services
two.2.3) Place of performance
NUTS codes
- UKG31 - Birmingham
- UKG32 - Solihull
two.2.4) Description of the procurement
Stage 1: Business Engagement and Information & Advice
Stage 2: Mentoring Support to Develop the Investment Pitch
Each WM SME (business) recruited will be provided with up to a maximum of 27 hours of support. The 27 hours of support will include 3 hours of 1-2-1/1-2-many advice at Stage 1, followed by 24 hours of 1-2-1 support at Stage 2 to further develop investment pitches.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £1,000,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start date
1 May 2023
End date
31 March 2024
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
Option to extend on an annual basis at WMCA’s sole discretion for three years until March 2027
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2) Description
two.2.1) Title
Black Country (Dudley, Sandwell, Walsall & Wolverhampton)
Lot No
2
two.2.2) Additional CPV code(s)
- 66171000 - Financial consultancy services
two.2.3) Place of performance
NUTS codes
- UKG36 - Dudley
- UKG37 - Sandwell
- UKG38 - Walsall
- UKG39 - Wolverhampton
two.2.4) Description of the procurement
Stage 1: Business Engagement and Information & Advice
Stage 2: Mentoring Support to Develop the Investment Pitch
Each WM SME (business) recruited will be provided with up to a maximum of 27 hours of support. The 27 hours of support will include 3 hours of 1-2-1/1-2-many advice at Stage 1, followed by 24 hours of 1-2-1 support at Stage 2 to further develop investment pitches.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £900,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start date
1 May 2023
End date
31 March 2024
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
Option to extend on an annual basis at WMCA’s sole discretion for three years until March 2027.
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2) Description
two.2.1) Title
Coventry
Lot No
3
two.2.2) Additional CPV code(s)
- 71314300 - Energy-efficiency consultancy services
two.2.3) Place of performance
NUTS codes
- UKG33 - Coventry
two.2.4) Description of the procurement
Stage 1: Business Engagement and Information & Advice
Stage 2: Mentoring Support to Develop the Investment Pitch
Each WM SME (business) recruited will be provided with up to a maximum of 27 hours of support. The 27 hours of support will include 3 hours of 1-2-1/1-2-many advice at Stage 1, followed by 24 hours of 1-2-1 support at Stage 2 to further develop investment pitches.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £300,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start date
1 May 2023
End date
31 March 2024
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
Option to extend on an annual basis at WMCA’s sole discretion for three years until March 2027.
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
13 March 2023
Local time
5:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 3 (from the date stated for receipt of tender)
four.2.7) Conditions for opening of tenders
Date
13 March 2023
Local time
5:01pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.4) Procedures for review
six.4.1) Review body
West Midlands Combined Authority
16 Summer Lane
Birmingham
B19 3SD
Country
United Kingdom