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Tender Details
- Country: United Kingdom
- Summary: Liverpool City Region Seed Fund: Fund Manager
- GBT Ref No: 104405534
- Deadline: 12 Sep 2024
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: Public
- Tender Value: 450000
- Notice Type: Tender
- Document Ref. No.: MERTVL001-DN712624-17011616
- Purchaser's Detail :
- Description :
- Liverpool City Region has one of the UK's most developed place-based innovation ecosystems. However, despite high business birth rates, Liverpool City Region has relatively low
levels of high growth enterprises. This is in part due to a lack of finance at the crucial seed
stage of investment. Research commissioned by Liverpool City Region Combined Authority
indicates that 'providers of Seed Fund investment in Liverpool City Region are limited'
despite a strong pipeline of demand.
Liverpool City Region Combined Authority has committed to investing in the LCR Seed Fund.
The Combined Authority is leading on the procurement and selection of a Fund Manager.
This forms part of a wider programme of activity to stimulate the growth of early-stage
businesses with high-growth potential.
The CA will be conducting a tender exercise to seek a high-quality Fund Manager able to
meet the objectives of the Fund. This will include consideration of the scale of Fund, options
to leverage additional investment and proposals to embed activity in the Liverpool City
Region Innovation Eco-System. - Documents :
Purchaser : LIVERPOOL CITY REGION COMBINED AUTHORITY
1 Mann Island Liverpool L3 1BP England
Contact Person : Procurement Team
Email :tender@liverpoolcityregion-ca.gov.uk
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