Finance Durham Fund - Investment Fund Management Service
What the buyer wrote
DCC operates a £20m investment fund (the Finance Durham Fund) to invest in enterprises (via debt, mezzanine and equity finance) across County Durham. Though not exclusively for SMEs, investees to date have been SMEs and it is anticipated that investees will be largely be SMEs in the future. The Fund is 100% financed by DCC and is operated on a commercial basis to deliver both an economic development impact and financial return to the Authority over the longer term. The Finance Durham fund is structured as 'Evergreen' - that is, to provide debt and equity finance on an ongoing / permanent basis through the recycling of investment and interest returns to the Fund. The Purpose of this procureme…
Details
- What the buyer calls it
- Finance Durham Fund - Investment Fund Management Service
- How they are buying
- Advertised, shortlist firstSuppliers applied to be considered, and the buyer picked who went on to bid.
- Type
- services
- Where
- in the North East
Who the buyer named
Kelly Stewart was the named contact on this notice.