# Business Growth and Social Impact Investment Fund Management

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [Cambridgeshire & Peterborough Combined Authority](/buyers/cambridgeshire-peterborough-combined-authority/contract-awards)
- Tender value: £500,000
- Published: 17 October 2023
- Planned start: 2 January 2024
- Planned end: 2 January 2027
- Stage: open_tender
- Procurement category: services
- Notice ID: 7d94f8cf-a784-4a16-a853-89ba0b3c4bee-689763
- OCID: ocds-b5fd17-d84c6006-070e-4af6-84a2-81701fbbfce4

## Description

The Cambridgeshire and Peterborough Combined Authority \(CPCA\) is seeking to award two contracts to manage their funding schemes, Fund 1 and Fund 2\. The authority requires a delivery partner\(s\) to manage both funds under two separate contracts\. The term of the contracts will be 3 years plus an optional further year's extension\. The fund's lifetime will be 10 years, with 3-4 years of investment and 6-7 years of realisation\. This includes an annual review of the programme after the completion of the contract\. The advice retainer will mirror this arrangement in terms of being available to the CPCA for a 10-year period\. The funding schemes are: Fund 1 is a growth fund aimed at providing equity or debt funding to high-growth potential businesses that do not have access to funding from other sources\. The priority sector will be green-tech businesses, plus businesses that want to invest in reducing their carbon emissions with equity investment and loans of £100,000-£500,000 to support business growth\. Fund 2: a fund aimed at providing grants or loans to third-sector businesses that do not have access to funding from other sources\. This will consist of smaller loans or grants of less than £75,000 to support third-sector businesses and organisations\.

## Related contract awards

- [Local Net Zero Accelerator finance consultancy and training development services](/contracts/ocds-b5fd17-b3d61ed8-d59b-49c9-97a5-40e47521e268): Cambridgeshire & Peterborough Combined Authority
- [LNZA Templates for Replicable Investment Models](/contracts/ocds-b5fd17-c2bffd6b-81d5-46fd-9627-f4091dd0d0bf): Cambridgeshire & Peterborough Combined Authority
- [Adult Skills and Learning DPS - RM6348](/contracts/ocds-b5fd17-dcbb2720-1a78-4147-bd1f-3d6e7ba07784): Cambridgeshire & Peterborough Combined Authority

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/7d94f8cf-a784-4a16-a853-89ba0b3c4bee-689763)