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DfE - Invest NI Small Business Loan Fund III — Invest Northern Ireland | UKGovscan
Invest NI is seeking to appoint a fund manager to manage and deliver NISBLF III on behalf of Invest NI for a ten-year period with an option to extend for two periods of 1 year, if required at the end of the fund, to exit from the loan book in an orderly fashion.
This procurement was divided into 1 lots, each awarded separately. 1 bids were received in total.
Lots
1
Combined Lot Value
£2,700,000
Bids Received
1
Bids per Lot
1
Limited competition: at least one lot received only a single bid.
Lot
Value
Bids Received
Awarded To
Status
Lot 1
3,600 days (≈9.9 yrs)
£2,700,000
1
single bid — no competition
ULSTER COMMUNITY FINANCE LTD.
active
Data note: the source feed marks these lots as cancelled even though their awards are active — an inconsistency in the published notice. The award status is shown above.
Award criteria
Weightings from the notice.
Personnel Recruitment4.55%
Personnel Experience of Executive 15.85%
Personnel Experience if Executive 25.85%
Management of NISBLF II13.4%
Marketing Strategy Development9.75%
Maximising Returns to Limited Partners6.5%
Engagement with Invest NI4.55%
Governance4.55%
Social Value10%
First Bonus Share Percentage7%(price)
Combined Core Cost28%(price)
Key Dates
Published
17 September 2024
Tender Open
-
Tender Deadline
31 July 2024
Award Date
-
Contract Signed
17 September 2024
Contract Start
-
Contract End
-
Extension option
Option to extend for two periods of 1 year
Procurement Details
Method
Open — any supplier may bid
Method Details
Open procedure
Route to market
Open competition
Main category
Services
Category
Banking and investment services
Delivery location
UKN
Open under
WTO Government Procurement Agreement
Buyer Reference
5160293
Legal Basis
Public Contracts Regulations 2015 (EU Directive 2014/24)