UKSPF Business Support - Investment Readiness Programme

A Tender Notice
by WEST MIDLANDS COMBINED AUTHORITY

Source
Find a Tender
Type
Contract (Services)
Duration
11 month
Value
£2M
Sector
BUSINESS
Published
10 Feb 2023
Delivery
01 May 2023 to 31 Mar 2024
Deadline
13 Mar 2023 17:00

Concepts

Location

Birmingham:

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

The West Midlands (WM) Investment Readiness programme aims to address demand-side weaknesses in Small to Medium Enterprises (SME) access to external finance in the West Midlands. They are usually focused on equity finance (i.e. raising capital in exchange for an ownership share), but local programmes in England have also covered debt finance (e.g. applying for bank loans). The WM Investment Readiness Programme will include both equity and debt finance which will support the growth and scale up plans of the WM SMEs. The WM Investment Readiness Programme will support WM SMEs in the following ways: • Provide WM SMEs with a road map of the investments that suits their growth plans • Provide strategic support for WM SMEs to understand the investment process and the in-depth reviews that will be conducted in appraisals for funding steams • Develop the pitch for each type of investor • Grow a network of fund managers that can deliver investment • Reinvest success with continuous provision of a network of funders that can support the next generation of high growth and scale up businesses Stage 1: Business Engagement and Information & Advice Stage 2: Mentoring Support to Develop the Investment Pitch Each WM SME (business) recruited will be provided with up to a maximum of 27 hours of support. The 27 hours of support will include 3 hours of 1-2-1/1-2-many advice at Stage 1, followed by 24 hours of 1-2-1 support at Stage 2 to further develop investment pitches.

Lot Division

1 Birmingham & Solihull
  • Value: £1M
2 Black Country (Dudley, Sandwell, Walsall & Wolverhampton)
  • Value: £900K
3 Coventry
  • Value: £300K

CPV Codes

  • 66171000 - Financial consultancy services
  • 71314300 - Energy-efficiency consultancy services

Indicators

  • Restrictions apply to the lot award allocation.
  • This is a one-off contract (no recurrence)
  • Options are available.
  • Renewals are not available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **

Reference

Domains