HS2 Hybrid Venture Innovation Fund Manager - Early Engagement

A Pre-Procurement Notice
by HS2

Source
Contracts Finder
Type
Future Contract ()
Duration
not specified
Value
___
Sector
BUSINESS
Published
04 Oct 2022
Delivery
01 Jan 2001 to 01 Jan 2001
Deadline
18 Oct 2022 23:59

Concepts

Location

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

The purpose of this notice is to engage with the market in relation to the HS2 Hybrid Innovation Fund Manager. HS2 Ltd in partnership with the Department for Transport (DfT) is proposing to establish a "Public-Private Venture Capital Fund" (the "Fund") as a vehicle to invest equity stakes in appropriate new businesses primarily within the UK construction and transport sector, working within the HS2 environment. The total anticipated Fund value is between £30 - £50m. The Public investment to the Fund, provided by HS2 Ltd and DfT, is expected to be in the range of 30-50% of the total Fund value, with Private sector investment making up the remainder of the Fund. In order to manage the Fund, HS2 Ltd is seeking to appoint an independent Fund Manager, to undertake a variety of activities in conjunction with HS2 Ltd and the existing HS2 Innovation Accelerator Programme. As a pre-requisite, any prospective Fund Manager must be authorised by the Financial Conduct Authority (FCA) to carry out the Services. Further details can be found in the Market Sounding Briefing and supporting questionnaire (Annex B) which are available on request. In order to access the documentation please contact Shopna Begum (Shopna.Begum@hs2.org.uk). HS2 Ltd is requesting feedback from suitable service providers by midday on Tuesday 18th October 2022.

CPV Codes

  • 79212100 - Financial auditing services

Indicators

  • Contract is suitable for SMEs.

Other Information

In order to access the market engagement documentation and supporting questionnaire, please contact Shopna Begum (Shopna.Begum@hs2.org.uk). Please note correspondence with the aforementioned email address should be in relation to this specific Market Engagement exercise and general correspondence/queries may not be addressed.

Reference

Domains