Procurement

ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance

  • Arts Council England

Procurement identifier (OCID): ocds-h6vhtk-04b31e

Description

Arts Council England are conducting a Procurement for a Framework of Financial Advisors to support with the administration of the Cultural Recovery Fund loans programme.

As part of the government's response to the Covid 19 crisis, the Department for Culture, Media and Sport (DCMS) made 37 loans to arts and culture organisations, investing £250 million. DCMS are the Lender for the loans, and Arts Council acts as their loan agent. A dedicated repayable finance team manages the day-to-day responsibility of the loan book management, monitoring, and reporting. From time to time, ACE requires an independent and impartial review of a borrower organisation and its financial model to support our decisions regarding their loans - referred to as Financial Advisors.

Notices

F03: Contract award notice

Notice identifier
2025/S 000-008096
Published
5 March 2025, 4:05pm

F02: Contract notice

Notice identifier
2024/S 000-035401
Published
31 October 2024, 7:05pm