HS2 Hybrid Venture Innovation Fund Manager – Market Engagement

In order to manage the Fund, HS2 Ltd is seeking to appoint an independent Fund Manager, to undertake a variety of activities in conjunction with HS2 Ltd and the existing HS2 Innovation Accelerator Programme.

HS2 Hybrid Venture Innovation Fund Manager – Early Engagement

Contract summary

 

Industry

  • Financial auditing services – 79212100

Location of contract

B4 6AG

Procurement reference

tender_314551/1110670

Published date

4 October 2022

Closing date

18 October 2022

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

 

Description

The purpose of this notice is to engage with the market in relation to the HS2 Hybrid Innovation Fund Manager.

HS2 Ltd in partnership with the Department for Transport (DfT) is proposing to establish a “Public-Private Venture Capital Fund” (the “Fund”) as a vehicle to invest equity stakes in appropriate new businesses primarily within the UK construction and transport sector, working within the HS2 environment. The total anticipated Fund value is between £30 – £50m. The Public investment to the Fund, provided by HS2 Ltd and DfT, is expected to be in the range of 30-50% of the total Fund value, with Private sector investment making up the remainder of the Fund.

In order to manage the Fund, HS2 Ltd is seeking to appoint an independent Fund Manager, to undertake a variety of activities in conjunction with HS2 Ltd and the existing HS2 Innovation Accelerator Programme. As a pre-requisite, any prospective Fund Manager must be authorised by the Financial Conduct Authority (FCA) to carry out the Services.

Further details can be found in the Market Sounding Briefing and supporting questionnaire (Annex B) which are available on request. In order to access the documentation please contact Shopna Begum (Shopna.Begum@hs2.org.uk).

HS2 Ltd is requesting feedback from suitable service providers by midday on Tuesday 18th October 2022.

 

More information

 

Additional text
In order to access the market engagement documentation and supporting questionnaire, please contact Shopna Begum (Shopna.Begum@hs2.org.uk).

Please note correspondence with the aforementioned email address should be in relation to this specific Market Engagement exercise and general correspondence/queries may not be addressed.

 

How to apply

 

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

 

About the buyer

 

Contact name

Shopna Begum

Address

High Speed Two (HS2) Limited
Two Snowhill, Snow Hill Queensway, Birmingham
B4 6GA
England

Email

Shopna.Begum@hs2.org.uk

Website

https://www.hs2.org.uk/