Section one: Contracting authority/entity
one.1) Name and addresses
Ambition North Wales
Government Buildings, Sarn Mynach,
Llandudno Junction
LL31 9RZ
Contact
Mrs Sara Jones
sarajones@uchelgaisgogledd.cymru
Telephone
+44 7765652510
Country
United Kingdom
NUTS code
UKL12 - Gwynedd
Internet address(es)
Main address
Buyer's address
https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0361
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Fund Advisory Services for Ambition North Wales Clean Energy Fund
Reference number
SLEF - FSA - ER01
two.1.2) Main CPV code
- 73000000 - Research and development services and related consultancy services
two.1.3) Type of contract
Services
two.1.4) Short description
Ambition North Wales (ANW) is seeking to procure a Fund Advisor for two distinct stages of work. The first stage will involve assisting ANW with preparation for launch and will include input in the following key areas:
Market intelligence input into the Investment Strategy and associated priorities to support finalisation of this Strategy;
Developing a marketing strategy and a launch plan;
Input into the ANW fund management plan, which can be defined as: a document which sets out the operational procedures for the Fund for it to be established, managed effectively, and deliver against the objectives for the Fund. It will provide an overview of the key activities of the Fund over the medium term, covering the set up and then ongoing operation and management of the Fund;
Scoping the support required to enable an online application process channelled through ANW website; and
Scoping any legal input or other external advisory support required for launch of the fund.
The second stage will provide advisory support to operate the fund during the deployment period and it is envisaged this will be over a minimum 5-year contract period. The advisor will be responsible for sourcing investments, undertaking due diligence, developing investment business cases, and recommending investments for approval and then providing regular progress and monitoring reports on the performance of investments and the portfolio of the Fund.
It should be noted that the investment strategy is a live document that has built-in flexibility to change throughout the life of the fund in response to changing market demand and conditions.
Section six. Complementary information
six.6) Original notice reference
Notice number: 2023/S 000-018263
Section seven. Changes
seven.1) Information to be changed or added
seven.1.2) Text to be corrected in the original notice
Section number
IV.2.2
Place of text to be modified
Time limit
Instead of
Date
28 July 2023
Local time
3:00pm
Read
Date
8 September 2023
Local time
3:00pm
Section number
IV.2.6
Place of text to be modified
Minimum time frame during which the tenderer must maintain the tender
Instead of
Date
22 December 2023
Read
Date
27 January 2024
Section number
IV.2.7
Place of text to be modified
Conditions for opening of tenders
Instead of
Date
28 July 2023
Local time
3:30pm
Read
Date
8 September 2023
Local time
3:00pm
seven.2) Other additional information
Extending due to feedback received from a number of stakeholders around model proposed in the documents within this invitation. Model will now be re visited and updated supplied.