📑Finance for Business North East Microloan Fund Management Contract.
Resumen del proceso de compra
Este proceso es para comprar Finance for Business North East Microloan Fund Management Contract.
Este contrato fue adjudicado por 🇬🇧 North East Finance (Subco) Limited por un monto de EUR 1,200,000 a 1 proveedor. Fue publicado el 2014-10-22 mediante open
La transparencia en este proceso se refleja en la publicación detallada de todos los aspectos del contrato y sus resultados.
Entidad compradora🇬🇧 North East Finance (Subco) Limited Unidad compradorano reportado Fecha de publicación2014-10-22 Estatus del concursono reportado DescripciónThe contract opportunity to which this notice relates is: to take over the delivery of the Finance for Business North East Microloan Fund (the "Fund" or "Microloan Fund") in the North East of England from the current fund manager. Due to circumstances unrelated to the Microloan Fund, the current fund manager will shortly cease to deliver the contract and so North East Finance (Holdco) Limited ("NEF") intends to appoint a replacement.NEF is the holding fund manager of the North East of England JEREMIE programme. JEREMIE is the Joint European Resources for Micro to Medium Enterprises initiative of the European Commission and the European Investment Fund, which is designed to increase the availability of finance to micro, small and medium sized enterprises in the European Union. In 2009, NEF raised GBP 125 m of investment capital from the European Regional Development Fund, the European Investment Bank and the UK government - for investment in SMEs based in the North East of England via a number of venture capital and loan funds, including the Microloan Fund.The total capital allocated to the Microloan Fund will be GBP 6.5 m, of which c. GBP 4 m will have been lent by the time when the fund manager appointed pursuant to this Contract Notice begins managing the fund. The fund manager will be required to lend c. GBP 2.5 m in the period from appointment to 31.12.2015. The fund manager will also be required to manage the pre-existing portfolio so as to minimise defaults and maximise returns, and to do the same in respect of all new borrowers added to the portfolio by the fund manager.Depending on the level of unmet market demand for small amounts of loan finance and the performance of the appointed fund manager, additional capital up to a maximum of GBP 2.5m may be allocated to the Fund by NEF. Conversely, if due to lack of demand or inadequate performance by the fund manager, the necessary lending rate is not achieved, NEF may reduce the amount of capital committed to the Microloan Fund. All capital allocated to the fund must be lent to SMEs by 31.12.2015 and so capital may be de-committed if insufficient progress is made.The Microloan Fund makes loans of between GBP 1,000 and GBP 50,000 to individuals, pre-start enterprises and existing businesses located in the North East of England region. The maximum term of any loan made by the Fund is 3 years. The duration of the contract is therefore anticipated to be approximately 5.5 years, with c 1.5 years of active investment period and 4 years to manage collection of the loans, fully realise and wind up the Fund and prepare and submit to NEF the final Fund reports. This duration may be extended by up to one year by NEF.The Fund is intended to stimulate business and job creation in the region by making small amounts of funding available to commercially viable businesses which have been unable to raise any finance (or the full amount of funding they require) from a commercial / mainstream source. This may be because they lack collateral or a trading history or because lenders consider them to be too high risk due to their circumstances or characteristics.The Fund must operate at all times in accordance with the De Minimis Aid Block Exemption EC Regulation 1407/2013. As a consequence of the state aid regulations and the regulations governing the use of European Regional Development Fund and European Investment Bank monies, the Fund cannot invest in businesses operating in a number of sectors (including retail) and cannot invest in businesses or undertakings in difficulty.The fund manager will be required to perform all fund management functions but will not deal directly with any cash management functions, as the loan capital is disbursed direct from NEF (via a its wholly-owned subsidiary, North East Finance (Subco) Limited (NEFS)) to borrowers and all payments of capital and interest is made direct by borrowers to NEFS. As such, the fund manager will not be required to perform any treasury or idle funds management functions. The responsibilities of the fund manager will include the following:1. promoting and marketing the Fund to ensure prospective customers from across the region are aware of it;2. operating an efficient application and loan completion system, to enable a high volume of loans to be made;3. undertaking due diligence on applicants and evaluating applications, making lending decisions which maximise financial returns to the Fund and the achievement of non-financial objectives including business creation and the creation and safeguarding of jobs;4. issuing and completing loan agreements and arranging for the loan funds to be advanced by NEFS to the borrowers;5. providing or facilitating post-investment support to some borrowers where necessary and appropriate to reduce default;6. monitoring all investments and managing the collection of payments, and reporting to NEF on Fund performance; and7. ensuring all Fund outputs are recorded and reported to NEF, and meeting with NEF and stakeholders to report on fund performance.Adjudicaciones
Esta adjudicación fue otorgada a Rivers Capital Partners Limited por North East Finance (Subco) Limited por un monto de EUR 1,200,000. El proceso de contratación se realizó mediante open para la categoría de services. La adjudicación fue otorgada el 2014-09-19. Esta es la adjudicación número 1.
| Proveedor | Monto | Fecha de adjudicación | Número de adjudicación |
|---|---|---|---|
| 🇬🇧 Rivers Capital Partners Limited | EUR 1,200,000 | 2014-09-19 | 1 |
Contexto del mercado y oportunidades
La ejecución de este contrato permite a la entidad North East Finance (Subco) Limited cumplir con sus objetivos de servicio público de manera eficiente.
La modalidad de compra open asegura que el proceso sea transparente y conforme a la normativa.
La transparencia en este proceso se refleja en la publicación detallada de todos los aspectos del contrato y sus resultados.
Esta transparencia en la contratación pública promueve la competencia justa, previene la corrupción y asegura que los recursos públicos se utilicen eficientemente para el beneficio de la ciudadanía.
Datos adicionales
Código de contratoUK_ocds-70d2nz-0a6b4b2a-fa40-4f90-92b1-68c8c0beb063-award-1Fecha de publicación2014-10-22Fecha del contratono reportadoFecha de adjudicación2014-09-19CategoríasservicesModalidad de compraopenDetalles del métodopt_openEstadono reportadoFuentes de datos
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