Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017
key details
| Value | £23,000,000 |
|---|---|
| Status | complete |
| Category (CPV) | 66000000 |
| Region | London |
| Deadline | 1 Jan 2017 |
| Contract start | 13 Jun 2017 |
| Contract end | 31 Dec 2018 |
| Procedure | open |
| SME suitable | No |
| OCID | ocds-b5fd17-88bb5419-a810-4b98-a1bf-dbeb1b5f2c22 |
Awards (5)
This procurement was awarded to 5 suppliers. Values shown are per-award; the notice total is £23,000,000.
| Supplier | Value | Date | Status |
|---|---|---|---|
| Albion Ventures shared | £23,000,000 | 12 Jun 2017 | active |
| Concentric Team shared | £23,000,000 | 12 Jun 2017 | active |
| Mustard Seed shared | £23,000,000 | 12 Jun 2017 | active |
| Startup Funding Club shared | £23,000,000 | 12 Jun 2017 | active |
| Venture Founders shared | £23,000,000 | 12 Jun 2017 | active |
description
Funding London is the trading name of SME Wholesale Finance (London) Limited. Funding London have competitively selected five additional organisations to become co-investment partners with theLCIF. The selected partners will enter into co-investment agreements with the LCIF with an investment period of 18 months. The aims of the LCIF are as follows:- To invest 23m GBP into high-growth early stage Science, Digital and Technology businesses in Londonduring a three year period;- To achieve a target across the fund of 2.9 GBP of private sector investment for every 1 GBP invested byLCIF;- To generate approx. 2 653 jobs as a result of the investments being made; and- To maximise returns from exits to enable further investment in later years.
documents
- https://www.contractsfinder.service.gov.uk/Notice/7ca366fe-ed63-4505-afda-9cbc3c799cdc , tenderNotice
- http://www.mytenders.org/search/show/search_view.aspx?ID=APR141112 , tenderNotice
Documents are linked, not mirrored. They are served by the publishing authority and may require registration.
notice history
2 notices published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 3 Apr 2017 | Tender (tender) | · | 7ca366fe-ed63-4505-afda-9cbc3c799cdc-139538 |
| 14 Jun 2017 | Award (award) | · | 34a6a574-9ad4-4676-99aa-0a0558ac2e07-154526 |
more from SME Wholesale Finance (London) Limited
- Limited Partnership Agreement · 8 Mar 2021
- Independent Evaluation of the London Co-Investment Fund (LCIF) · 10 Aug 2018
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source
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