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UK-Belfast: financial market regulatory services - EU tenders
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UK-Belfast: financial market regulatory services

Overview
  • Published
    22/05/2012
  • Deadline
    26/06/2012
  • Awarded
    10/07/2012
  • Today
    10/08/2026
Status
Awarded
Type of contract
Services
Subject for Renewal
No
Buyer
Department of Finance and Personnel Northern Ireland
Place of performance
NUTS code: UKN Northern Ireland
Location of buyer
NUTS code: Not available
Business sector (Main CPV)
66152000 Financial market regulatory services
Total estimated contract value (excluding VAT)
2,500,000.00 GBP
Total final contract value (excluding VAT)
2,499,900.00 GBP
Procedure details
Tender reference number
Project 8337
Description

Invest Northern Ireland proposes to establish a 5 000 000 GBP Small business loan Fund to support SMEs and micro enterprises operating within the Northern Ireland region. The Fund will be established using a Limited Partnership structure with a ten year term (subject to extension in accordance with the Limited Partnership Agreement constituting the Limited Partnership). The Fund will aim to invest typically in the range of 1 000 GBP to 50 000 GBP and will target SMEs and micro enterprises in Northern Ireland only.
Invest NI has committed 5 000 000 GBP to the Fund. With recycling of monies in the early years, the Fund is expected to lend c 9 000 000 GBP in total. There are no private monies investing in the Fund.
The Fund Manager will be responsible for the establishment of a 10 year Limited Partnership (subject to extension in accordance with the Limited Partnership Agreement constituting the Limited Partnership) as the funding vehicle, and for investing and managing out investments.
The Fund Manager must have experience covering the lending cycle – identifying, making, managing and realising investments, and mentoring of borrowers. The Fund Manager must be fully authorised and regulated under the Financial Services and Markets Act (2000) to manage these activities (or undertake to have obtained such accreditation within six months of being awarded the contract). The Fund Manager must also possess the appropriate licences pursuant to the Consumer Credit Act (1974) or undertake to obtain such licences within three months of being awarded the contract.

Submission Method
Not available
Tenders may be submitted
Submission for all lots
Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)
The notice involves a public contract
Conditions for opening tenders (date)
Not available
Place of performance
UKN Northern Ireland
CPV code

66152000 - Financial market regulatory services

66150000 - Financial markets administration services

66171000 - Financial consultancy services

Award method
The most economic tender
Estimated value
2,500,000.00 GBP
Final contracted value
2,499,900.00 GBP
Award of contract
Official name: Ulster Community Investment Trust
Postal address: 13-19 Linenhall Street
Town: Belfast
Postal code: BT2 8AA
Country: GBR
Documents
Prior information
Contract
Award
Footnote - legal notice

This content published on this page is meant purely as an additional service and has no legal effect. The Union's institutions do not assume any liability for its contents. The official versions of the relevant tendering notices are those published in the Supplement of Official Journal of the European Union and available in TED. Those official texts are directly accessible through the links embedded in this page. For more information please see Public Procurement Explainability and Liability notice.