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Evaluation of the Investment Ready Programme for Diverse Founders

发布时间 所属地区 所属机构 语言
2025年02月10日 -- -- 英语 (English) 中文
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Published date: 10 February 2025

Last edited date: 10 February 2025

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Closing: 28 February 2025, 4pm

Contract summary

Industry

  • Banking and investment services - 66100000

  • Location of contract

    WC1V 7QH

    Value of contract

    £25,000 to £35,000

    Procurement reference

    IRP/2025/03

    Published date

    10 February 2025

    Closing date

    28 February 2025

    Closing time

    4pm

    Contract start date

    7 March 2025

    Contract end date

    31 May 2025

    Contract type

    Service contract

    Procedure type

    Open procedure (below threshold)

    What is an open procedure (below threshold)?

    Any interested supplier may submit a tender in response to an opportunity notice.

    This procedure can be used for procurements below the relevant contract value threshold.

    Contract is suitable for SMEs?

    Yes

    Contract is suitable for VCSEs?

    Yes


    Description

    The Contracting Authority for this Tender is SME Wholesale Finance (London) Limited (trading as Funding London), a company limited by guarantee with its registered office at 5th Floor, 330 Holborn Gate, 326-332 High Holborn, London, WC1V 7QH. Funding London was established in 2004 by the then Mayor of London with a specific long-term mandate to support the Economic Development Strategy for London through its SME funding activities.

    Since its inception, Funding London has supported London-based SMEs caught in the finance gap through its investment activities, and more recently through complementary business support. Our mission is to create an evergreen source of funding whereby returns from previous funds are reinvested into new funds. Therefore, the focus of our activities is not only to deliver impact through investment in growth and jobs but also to deliver the best financial returns possible by working in partnership with the private sector.

    In September 2023, Funding London launched the Investment Ready Programme (https://fundinglondon.co.uk/programmes). This is a free, six-week programme designed to support London based pre-seed and seed stage businesses led by diverse founders in raising external capital, delivered in partnership with Mountside Ventures (https://www.mountsideventures.com/accelerator). The programme is the recipient of £1,065,964 from UK Shared Prosperity Fund (UKSPF) managed by the Greater London Authority.

    We seek to appoint a firm/consultant to evaluate the Investment Ready Programme and provide insights into the programme's performance against its contractual targets. The evaluation should reflect the programme's relevance, as outlined in Annex E, which demonstrates the rationale for the project activity and its links to outputs, outcomes, and impact. It should also assess the programme's consistency, progress, and impact while evaluating value for money, delivery, and management.

    Bids should be submitted to bianca@fundinglondon.co.uk by 4pm 28 February 2025.

    Please visit the attached ITT for a full tender process description including background and context, scope of work, timeframe and delivery, budget, selection criteria, further conditions applicable to the tender process, contractual agreement, and draft agreement.

    Annex E attached demonstrates the rationale for the project activity and its links to outputs, outcomes, and impact.


    More information

    Attachments

  • 20250210 IRP Evaluation_ITT_final.pdf
  • Tender notice
  • The ITT document outlines the background and context, scope of work, timeframe and delivery, budget, selection criteria, further conditions applicable to the tender process, contractual agreement, and draft agreement.
  • Logic Model - Annex E_Investment Ready_Final.xlsx
  • Bidding documents
  • The spreadsheet demonstrates the rationale for the project activity and its links to outputs, outcomes, and impact.

  • How to apply

    Follow the instructions given in the description or the more information section.


    About the buyer

    Contact name

    Bianca Valea-Smith

    Address

    5 Chancery Lane
    LONDON
    WC1V 7QH
    England

    Telephone

    020 7043 0739

    Email

    bianca@fundinglondon.co.uk


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