Growth Service for Businesses in Cambridgeshire & Peterborough
Cambridgeshire and Peterborough Business Growth Company · United Kingdom
Key facts
- Estimated value
- £80,000,000
- Closing date
- 22 May 2020
- Contract starts
- 02 Aug 2020
- Contract ends
- 02 Aug 2023
- Procedure
- Negotiated procedure
- Buyer type
- Other public body
Description
This Procurement is to appoint an Organisation to administer - A capital Growth Investment Fund of grants and equity investments, as well as an Innovation & Relocation Grant
The contract is to appoint a single company or prime contractor/ consortia type arrangement to support the CPCA in delivering the Local Industrial Strategy by way of four specific areas of growth.
These include: An Inclusive Growth Service, to engage our highest potential growth firms to better support them to accelerate their growth, increase their capacity and capability for growth, sustain their period within growth, or all three.
An Inward Investment Service, to extend our reach into key global markets, to engage and persuade overseas firms to locate into our economy or invest in our strategic projects to increase our employment space, develop our transport infrastructure or establish a new university.
A Skills Service, to provide an effective brokerage between young talent and those retraining or progressing in a career, our employers and our skills providers, to improve the supply of skills to enable growth.
A Capital Growth or Innovation & Re-Location Grant to co-invest with small firms in the cost of contracting experts to help either through £50k grants or equity investments; - to provide access to R&D funding from UK and EU agencies for new product growth and increased productivity - to provide access to fast-track planning, partners and investment for new build employment space
These service will be delivered in each of our three sub-economies in a tailored manner to better spread growth more evenly across our total economy.This revised notice is to highlight a number of significant changes.
CHANGES SINCE THE PREVIOUS NOTICE The CPCA is procuring this contract on behalf of the Cambridgeshire and Peterborough Business Growth Company (CPBGC) who a wholly own subsidiary of the CPCA, established for the sole purpose of delivering this contract. The CPCA will act as agent for the CPBGC and will provide the support services for both the procurement and delivery of the resultant contract.
In addition, the Procurement has been extended in time to address the current commercial challenges surrounding the COVID-19 Pandemic.
Finally, the specification has been extended to include the flexibility to respond to both the current economic situation and any future, unknown business challenges the local businesses may face in the future.
Categories (CPV)
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