Fund Management Services for North East Early Stage Equity Fund
The North East Fund seeks to appoint a professional, FCA authorised fund management organisation to deliver an early stage venture capital fund in the North East of England. The fund will address the persistent market gap in the provision of relatively small amounts of finance to early-stage and innovative SMEs in the North East of England. In so doing, it will help to unlock regional growth, build confidence in the SME business base and ensure the region is a great place to start-up and scale a business. The Fund...
Buyer
THE NORTH EAST FUND LIMITED
Value
£19,800,000
Published
20 Mar 2026
Closes
22 Nov 2024
Procurement details
Source
Find a Tender
Region
Tyneside
Procurement method
Selective
Category
Services
Contract starts
Not provided
Contract ends
Not provided
CPV classifications
66100000
Banking and investment services
66122000
Corporate finance and venture capital services
Lots
Lot 1 Fund Management Services for North East Early Stage Equity Fund
£19,800,000
The procurement process was conducted in accordance with the Public Contracts Regulations 2015 (as amended), using the Competitive Procedure with Negotiation as detailed in Regulation 29 of those Regulations. The Purpose of the procurement was to procure the services of a single FCA regulated fund manager. The contract has an initial duration of 10 years but...
Delivery: North East (England)
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