# Contract for an Investment Fund Management Service for the County Council of Durham

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Durham County Council](/buyers/durham-county-council/contract-awards)
- Contract winner: Maven Capital Partners UK
- Award value: £128,800
- Tender value: £4,000,000
- Award date: 22 March 2017
- Published: 8 June 2017
- Contract start: 1 April 2017
- Contract end: 31 March 2020
- Stage: awarded
- Procurement category: services
- Notice ID: 645b0d46-5721-4c71-b6b2-bc89c9fd1d5b-152087
- OCID: ocds-b5fd17-5347b553-adca-11e6-9901-0019b9f3037b

## Description

This contract is for the appointment a single Financial Conduct Authority \(FCA\) authorised fund management company with the ability to deliver the following services on behalf of the Authority: 1\. Fund management activity undertaken in relation to the Finance Durham Fund for Years 1 to 3 \(with a possibility of annual extensions for up to a further two years\)\. 2\. Provision of access to finance \(A2F\) business support activity for Years 1 to 3 \(with a possibility of annual extensions for up to a further two years\)\. 3\. Assistance and support to Durham County Council \(DCC\) in relation to setting up a new DCC owned FCA regulated fund management company \(NEWCO\)\. It is the intention of the Authority that NEWCO undertakes the fund management activity associated with the management of the Finance Durham Fund from year 3 onwards\. For further information relating to this opportunity please see the enclosed Tender Pack and the Memorandum of Information\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/645b0d46-5721-4c71-b6b2-bc89c9fd1d5b-152087)