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NCC1819 Business Northumberland Investment Fund (BNIF) - Fund Manager | UKGovscan

OPENTender notice (UK4) · Northumberland County CouncilRef ocds-h6vhtk-0692db

NCC1819 Business Northumberland Investment Fund (BNIF) - Fund Manager

Save Track Track buyer

Contract Value

£5,500,000

excluding VAT · £6,600,000 including VAT · Above the relevant threshold

Procurement

Competitive flexible procedure

Source

Find a Tender

View original notice

Open for bids.

Description

Northumberland County Council (NCC) is looking to conduct a procurement exercise to appoint a fund manager to manage the Business Northumberland Investment Fund (BNIF).

Buyer

Organisation: Northumberland County Council
Buyer ID: GB-PPON-PJJX-1133-JRGV
Local Authority Code: E06000057
Address: County Hall, Morpeth, NE61 2EF, United Kingdom
Website: http://www.northumberland.gov.uk
Type of body: Public authority - sub-central government

Suppliers

No supplier information available.

Lots

This procurement was divided into 1 lots, each awarded separately.

Lots

Combined Lot Value

£5,500,000

Lot	Value	Status
Lot 1 Apr 2027 – Mar 2032	£5,500,000	active

Award criteria

Weightings from the notice.

Investment Strategy and Portfolio Construction

Delivery Model, Operational Capability, Team and Local Presence

Pipeline Development, Market Engagement and Investment Readiness

Investment Process and Governance

Portfolio Management and Performance

Risk, Returns and Exit Strategy

Additionality and Market Positioning

Economic Impact Delivery and Measurement

Commercial Structure, Alignment of Interests and Value for Money

Geographic Reach, Social Value and Ecosystem Development

Mobilisation and Fund Establishment

Total Fees and Costs Payable by BNIF(price)

Total Costs Borne by Investees Companies(price)

Key Dates

Published: 7 May 2026
Tender Open: -
Tender Deadline: -
Award Date: -
Contract Start: -
Contract End: -
Planned term: 1 April 2027 – 31 March 2032 · may extend to 31 March 2037
Extension option: One extension period of 5 years is available, The Contracting Authority reserves the right to terminate the Contract before the third anniversary of the commencement of the extension period.

Procurement Details

Method: –
Method Details: Competitive flexible procedure
Route to market: Restricted or negotiated
Main category: Services
Category: Banking and investment services
Delivery location: UKC2
Open under: WTO Government Procurement Agreement
Buyer Reference: NCC1819
Legal Basis: Procurement Act 2023
CPV Codes: 66000000 – Financial and insurance services

Tender Documents

Tender notice on Find a Tender → — Tender notice

Loading contract…

OPENTender notice (UK4) · Northumberland County CouncilRef ocds-h6vhtk-0692db

NCC1819 Business Northumberland Investment Fund (BNIF) - Fund Manager

Save Track Track buyer

Contract Value

£5,500,000

excluding VAT · £6,600,000 including VAT · Above the relevant threshold

Procurement

Competitive flexible procedure

Source

Find a Tender

View original notice

Open for bids.

Description

Northumberland County Council (NCC) is looking to conduct a procurement exercise to appoint a fund manager to manage the Business Northumberland Investment Fund (BNIF).

Buyer

Organisation: Northumberland County Council
Buyer ID: GB-PPON-PJJX-1133-JRGV
Local Authority Code: E06000057
Address: County Hall, Morpeth, NE61 2EF, United Kingdom
Website: http://www.northumberland.gov.uk
Type of body: Public authority - sub-central government

Suppliers

No supplier information available.

Lots

This procurement was divided into 1 lots, each awarded separately.

Lots

Combined Lot Value

£5,500,000

Lot	Value	Status
Lot 1 Apr 2027 – Mar 2032	£5,500,000	active

Award criteria

Weightings from the notice.

Investment Strategy and Portfolio Construction

Delivery Model, Operational Capability, Team and Local Presence

Pipeline Development, Market Engagement and Investment Readiness

Investment Process and Governance

Portfolio Management and Performance

Risk, Returns and Exit Strategy

Additionality and Market Positioning

Economic Impact Delivery and Measurement

Commercial Structure, Alignment of Interests and Value for Money

Geographic Reach, Social Value and Ecosystem Development

Mobilisation and Fund Establishment

Total Fees and Costs Payable by BNIF(price)

Total Costs Borne by Investees Companies(price)

Key Dates

Published: 7 May 2026
Tender Open: -
Tender Deadline: -
Award Date: -
Contract Start: -
Contract End: -
Planned term: 1 April 2027 – 31 March 2032 · may extend to 31 March 2037
Extension option: One extension period of 5 years is available, The Contracting Authority reserves the right to terminate the Contract before the third anniversary of the commencement of the extension period.

Procurement Details

Method: –
Method Details: Competitive flexible procedure
Route to market: Restricted or negotiated
Main category: Services
Category: Banking and investment services
Delivery location: UKC2
Open under: WTO Government Procurement Agreement
Buyer Reference: NCC1819
Legal Basis: Procurement Act 2023
CPV Codes: 66000000 – Financial and insurance services

Tender Documents

Tender notice on Find a Tender → — Tender notice