Section one: Contracting authority
one.1) Name and addresses
Liverpool City Region Combined Authority
1 Mann Island
Liverpool
L3 1BP
Contact
Procurement
tender@liverpoolcityregion-ca.gov.uk
Country
United Kingdom
Region code
UKD7 - Merseyside
Internet address(es)
Main address
https://www.liverpoolcityregion-ca.gov.uk/
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
Liverpool City Region Seed Fund: Fund Manager
Reference number
DN712624
two.1.2) Main CPV code
- 79000000 - Business services: law, marketing, consulting, recruitment, printing and security
two.1.3) Type of contract
Services
two.1.4) Short description
Liverpool City Region has one of the UK's most developed place-based innovation
ecosystems. However, despite high business birth rates, Liverpool City Region has
relatively low levels of high growth enterprises. This is in part due to a lack of finance at the crucial
seed stage of investment. Research commissioned by Liverpool City Region Combined
Authority indicates that 'providers of Seed Fund investment in Liverpool City Region are
limited' despite a strong pipeline of demand.
Liverpool City Region Combined Authority has committed to investing in the LCR
Seed Fund. The Combined Authority is leading on the procurement and selection of a Fund
Manager. This forms part of a wider programme of activity to stimulate the growth of early stage
businesses with high-growth potential. The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to meet the objectives oft he Fund. This will include consideration of the scale of Fund, options to leverage additional investment and proposals to embed activity in the Liverpool City Region Innovation Eco-System.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £1,072,500
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKD7 - Merseyside
two.2.4) Description of the procurement
Liverpool City Region has one of the UK's most developed place-based innovation
ecosystems. However, despite high business birth rates, Liverpool City Region has
relatively low levels of high growth enterprises. This is in part due to a lack of finance at the crucial
seed stage of investment. Research commissioned by Liverpool City Region Combined
Authority indicates that 'providers of Seed Fund investment in Liverpool City Region are
limited' despite a strong pipeline of demand.
Liverpool City Region Combined Authority has committed to investing in the LCR
Seed Fund. The Combined Authority is leading on the procurement and selection of a Fund
Manager. This forms part of a wider programme of activity to stimulate the growth of early stage
businesses with high-growth potential. The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to meet the objectives oft he Fund. This will include consideration of the scale of Fund, options to leverage additional investment and proposals to embed activity in the Liverpool City Region Innovation Eco-System.
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 80
Cost criterion - Name: Cost / Weighting: 20
two.2.11) Information about options
Options: No
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.2.1) Previous publication concerning this procedure
Notice number: 2024/S 000-022148
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
12 November 2024
five.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
LCRSF GENERAL PARTNER LTD
Liverpool
Country
United Kingdom
NUTS code
- UKD7 - Merseyside
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £1,072,500
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Royal Courts of Justice
London
Country
United Kingdom