Award of PKC12460 The Angel's Share

IntroductionThe Angel’s Share was developed by Perth & Kinross Council to accelerate the growth of local, scalable businesses through angel investment, resulting in economic growth and the creation of high value jobs in our area.After a lengthy period of inactivity, engagement with local entrepreneurs and investors re-commenced in autumn 2021. This was followed by an in-person information event in March 2022, which was supported by Frejz Invest.In September 2022, a 7-month contract was awarded to Frejz Invest to enable the programme to move forward by identifying and coaching scalable businesses, upskilling the local business support network, and re-engaging the local investor community. The progress made has been significant and has created a firm foundation to continue the development and impact of the programme, however the programme is still in very early stages. Perth & Kinross Council is therefore seeking to award a contract to Frejz Invest for a further 7 months to build on the work to date and develop the programme further through a number of developing and new activities. The contract period is 1 September 2023 to 31 March 2024.ProposalThe programme comprises a number of essential activities which are required to be aligned to ensure its success and full potential realised. Your proposal should therefore be structured in such a way as to clearly present your planned activities which will cover the scope of service, the output and the outcomes. Please include a monitoring framework with your plan of proposed activity.Project outputs and outcomesSuccess could be measured through a variety of outcomes, for example the number of businesses which secure investment. It could also be measured by the value of investment raised, jobs created, inward investment successes etc.Scope of ServicesBelow is an outline of the services required to deliver this project, however you may also present additional methodology.Partner engagement:• Engaging with Perth & Kinross Council’s business support delivery partners to increase their advisors’ knowledge with the aim of helping them identify businesses which are suitable for an introduction to the Angel’s Share programme.• Where possible, utilising partners’ connections and networks to support the growth of the programme’s investor network; and identify businesses potentially seeking investment.Assessment and support (businesses seeking investment):• Assessing businesses for investment suitability and readiness.• Providing specialist 121 support.• Providing pitch preparation and coaching sessions.Pitching opportunities:• Arranging and delivering events for businesses to pitch to the programme’s investor network (virtual or in-person).• Supplying relevant information for investors (pre and post pitch where appropriate).• Utilising partners, their connections and networks to help identify relevant investors for specific pitches.Developing the investor / professional network:• Developing sessions or activities aimed at increasing awareness of the programme to increase the network.• Maintaining the existing network of investors and professionals.Benchmarking:• Developing a simple method to capture basic company metrics and monitor growth.MilestonesBelow is an outline for communication and reporting. Meetings will take place at Perth & Kinross Council, Pullar House or on MS Teams, unless otherwise agreed.Meetings and ReportingMeetingsMonthly meetings will take place between yourself and the contract manager. These meetings will be used to update and discuss progress and upcoming activities.Reporting❖ Monthly ReportsA one-page report briefly detailing activity carried out during the preceding month and a plan of activity over the following month. These reports should be emailed to the contract manager on a monthly basis.The report may include information on the number of businesses assessed and the specific businesses progressing with further support; support provided; updates on any planned pitches.❖ Final ReportA final report covering 1 September 2023 to 31 March 2024 should include activity carried out; outcomes across the whole period of the project; lessons learned; and recommendations for improvement. This should be in a standard written report format, submitted electronically. A summary should also be submitted in PowerPoint. This report should be submitted by the 30 April 2024 unless otherwise agreed.The Famous Grouse Ideas CentreThe Famous Grouse Ideas Centre at Perth Creative Exchange can be used free of charge for all aspects of the delivery of the programme, subject to availability. The space can be used for in-person events, meetings and coaching, and includes access to workspace, meeting and presentation space, connectivity, hardware, software and expert technical support from the Technologist in Residence.Fees and Costs❖ The total budget for the project is 10,000GBP exclusive of VAT for the 7-month period (1 September 2023 to 31 March 2024). All fees, marketing, promotion, and travel must be budgeted for within this sum. Additional funds may be available for in-person events.❖ Rates and prices shall be deemed inclusive of all additional expenses however incurred.Billing and Payment❖ It is envisaged that you will invoice monthly at the end of the month the services delivered in the previous month, however there is a degree of flexibility within payment terms.❖ Invoices should be sent electronically to the contract manager at the end of the agreed invoicing period.❖ Perth & Kinross Council will remit by BACS within 30 days of the invoice being received.Selection CriteriaPlease confirm that you have the minimum insurance requirements:Public Liability: 5mGBPEmployers’ Liability: 10mGBPAward CriteriaThe following should be included in your proposal:❖ Your understanding of the specific project activity requirements❖ Your proposed methodology and approach.❖ Specific expertise proposed for this project.❖ You proposed delivery / timescales.PricingAs there is a set budget for this project of 10,000GBP it is assumed that you will use the whole budget.Please state the total number of days you propose to deliver during the contract period (1 September 2023 – 31 March 2024). This can be divided into headings should you wish (for example: planning, coaching, engagement etc) but a total should be shown.Instructions for Return of ProposalYour proposal should be submitted electronically through the Quick Quote facility on Public Contract Scotland by no later than the time and date stated below.Indicative Project Timeline and Milestones● Issue Invitation to Quote: 8 August 2023● Last date for supplier questions: 14 August 2023● Latest Quotation Return date: 12 noon on 25 August 2023● Evaluation completion target date: 28 August 2023● Contract Award(s) target date: 1 September 2023After the Quotation Return date, these dates are indicative only for general information.Contact DetailsNB any questions during the tendering stage should be directed through the Public Contracts Scotland Portal.Once the contract is awarded full contact details will be provided.