Procurement of Fund Management Services for North East Mezzanine and Loan Fund
What the buyer wrote
The North East Fund seeks to appoint a professional, FCA authorised fund management organisation to deliver an SME investment fund which will make predominantly debt-based investments in revenue-generating SMEs based in the North East of England. The fund will address the persistent market gap in the provision of relatively small amounts of growth finance for SMEs in the North East of England, including unsecured loans and mezzanine / quasi-equity investment. In so doing, it will help to unlock regional growth, build confidence in the SME business base and ensure the region is a great place to start-up and scale-up a business. The Fund has the working title of "Later Stage / Mezzanine Fund" …
Details
- What the buyer calls it
- Procurement of Fund Management Services for North East Mezzanine and Loan Fund
- How they are buying
- Advertised, then negotiatedThe buyer talked terms with bidders rather than taking fixed offers.
- Type
- services
- Where
- in the North East
Who the buyer named
James Arkless was the named contact on this notice.