SC21072 Equity Services
Kent County Council · South East
Key facts
- Estimated value
- £210,000
- Closing date
- 21 Mar 2022
- Contract starts
- 01 Jul 2022
- Contract ends
- 11 Apr 2025
- Procedure
- Open procedure
- Buyer type
- Local government
Description
Kent County Council (the Council) is the largest local authority in England covering an area of 3,500 square kilometres. It has an annual expenditure of over £1bn on goods and services and a population of 1.6m. The Council provides a wide range of personal and strategic services on behalf of its residents, operating in partnership with the NHS Kent and Medway Clinical Commissioning Group, 12 district councils, and 289 parish/town councils.
The Council consists of four directorates:
Adult Social Core and Health Children, Young People and Education Growth, Environment and Transport Strategic and Corporate Services This service is being commissioned on behalf of the Growth, Environment and Transport directorate.
This activity supports Kent County Council's Interim Strategic Plan by helping to deliver the Kent and Medway Economic Renewal and Resilience Plan, more specifically delivering essential support for local businesses.
KCC has taken equity stakes in a number of companies via investments from the former Regional Growth Fund (RGF) schemes (Expansion East Kent, Tiger and Escalate), the Kent and Medway Business Fund and the SELEP funded Innovation Investment Scheme, known as Bespoke Equity Fund (BEF) portfolio and is seeking to procure a delivery partner to support, advise and assist these companies, with a £70,000 excluding vat gross per annum budget funded by KCC for the financial period until March 2024. Procurement will be undertaken in compliance with the Public Contract Regulations 2015.
The council is looking to procure a delivery partner to work on behalf of KCC to support, advise and assist businesses in receipt of equity investments within the Bespoke Equity Fund (BEF) portfolio, to help them grow, increase productivity, create/protect jobs and maximise the value of the sale and/or transfer of Kent County Council owned shares. The BEF portfolio consists of equity investments from the former Regional Growth Fund schemes (Expansion East Kent, Tiger and Escalate), the Kent and Medway Business Fund and the SELEP funded Innovation Investment Scheme. This does not include investments made via the Discovery Park Technology Investment Fund and the Kent Life Science Fund.
Project Aim
To ensure a high level of support to those in receipt of Kent County Council's equity investment within the BEF portfolio.
To provide monitoring information, advice, and support to Kent County Council to maximise the opportunity for the County Council to exit successfully from investments within the BEF portfolio. To ensure value for money and continuous improvement in service delivery so the contract delivers positive economic impact for Kent and Medway
Specific Objectives
To maintain regular communication with businesses within the BEF portfolio and to act as the first point of contact in relation to any communication from those businesses. To act on behalf of Kent County Council in an advisory capacity liaising with businesses within the BEF portfolio
Categories (CPV)
- 66000000 Financial and insurance services
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