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Essex County Council is seeking external support to provide up to ten years (five initial years with options to extend) of fund and asset management services, leading on fund acquisitions and disposals for the Essex Renewal Fund.
The Essex Renewal Fund (“ERF”) is a revolving investment fund supporting the delivery of new homes and jobs. It does this through land and property projects that the market wouldn’t deliver – or, may not deliver to such high standards. It is important that the Fund has a catalytic impact beyond projects that it delivers directly, by building confidence in Essex places and markets. This requires careful fund and asset management, underpinned by robust market intelligence and sound real estate consultancy.
The fund, supporting ECCs commitment to good jobs, future growth and investment, green growth and levelling up the economy, has a number of portfolio and project-level controls to adhere to. It also has an existing portfolio of three commercial properties and will be supported by an internal term alongside fund and project related external consultants.
| Supplier | Identifier | Award Value | Lots Won | Cross-References |
|---|---|---|---|---|
| BDS Technology Ltd. | 03891733 | £38,715 | - | - |
| Montagu Evans LLP | OC312072 | ~£2,500,000 estimated from lot values | 1 lot Lot 1 | - |
| Qualter Hall & Company Limited | 00112626 | £38,715 | - | - |
| Xylem Water Solutions Uk Ltd | 00479504 | £38,715 | - | - |
This procurement was divided into 1 lots, each awarded separately. 2 bids were received in total.
| Lot | Value | Bids Received | Awarded To | Status |
|---|---|---|---|---|
| Lot 1 1,800 days (≈4.9 yrs) | £2,500,000 £1,350,406 initial term | 2 | Montagu Evans LLP | active |
Weightings from the notice.
Government spending data: These suppliers have received £274,619,736 in 1,096 payments (over £25k) from DEFRA, FCDO, Department for Transport, UK Health Security Agency, Department of Health and Social Care and 26 more public bodies (2014-02-28 to 2026-03-25).
Published by the buyer on this notice. Check the original notice — details change and are not updated here.