Leicestershire Local Enterprise Fund

Leicestershire Local Enterprise Fund

Please note that the content of this RfQ has been amended since originally advertised on 26th July 2013. Changes have been made to the RfQ document in an attempt to encourage an improved market response.

REFERENCE LCC/CE/13/LLEF/2

Leicestershire Local Enterprise Fund (LLEF)
Awarding body Leicestershire County Council

Est. Start Date: 01/11/2013
Est. End Date: 31/10/2015

Description

Leicestershire Local Enterprise Fund Ref LCC/CE/13/LLEF/2

Please note that the content of this RfQ has been amended since originally advertised on 26th July 2013. Changes have been made to the RfQ document in an attempt to encourage an improved market response. The changes made are highlighted in the RfQ document to enable those previously expressing an interest to quickly identify the changes and make an informed decision on whether or not to bid or re-submit a bid.

Leicestershire County Council is committed to the local economy and to the success of Small and Micro Size Enterprise (SME) based in Leicestershire.

Leicestershire County Council has allocated council reserves to establish a loan fund for small and micro enterprises in Leicestershire aimed at helping address the lack of availability of debt finance to local business as a barrier to growth.

Our aim is to provide funding for a loan scheme for small businesses in Leicestershire that have been unable to secure sufficient funds from mainstream sources of finance on reasonable terms. The LLEF intends to increase the accessibility of funding available to small businesses in Leicestershire whilst ensuring that the County Council’s initial investment is protected and a market return earned.

£1 million is available to support this endeavour for an investment period of 2 years, with an option to extend for up to 12 months. The County Council has a preference for proposals that are able to include private sector investment being made alongside the County Council’s, on equal terms.

Potential bidders should note that only commercially viable offers will be considered. A commercially viable offer will represent good value for money and provide confidence of delivering acceptable returns on investment and such proposals should ensure that the County Council is repaid its investment with any return thereon within 5 years of the end of the investment period.

Quotations are invited for the operation of the Leicestershire Local Enterprise Fund. The County Council’s detailed requirements are defined in the attached Request for Quotation document (RfQ).

Leicestershire County Council welcomes questions and feedback from potential bidders and this should be addressed to: stewart.brewer@leics.gov.uk
 

Associated Documents

These documents are for information only. Please follow instructions for registration and receipt of full tender/quotation documentation.

  • Leicestershire Local Enterprise Fund (LLEF)(doc)Leicestershire Local Enterprise Fund Ref LCC/CE/13/LLEF/2 Please note that the content of this RfQ has been amended since originally advertised on 26th July 2013. Changes have been made to the RfQ document in an attempt to encourage an improved market response. The changes made are highlighted in the RfQ document to enable those previously expressing an interest to quickly identify the changes and make an informed decision on whether or not to bid or re-submit a bid. Leicestershire County Council is committed to the local economy and to the success of Small and Micro Size Enterprise (SME) based in Leicestershire. Leicestershire County Council has allocated council reserves to establish a loan fund for small and micro enterprises in Leicestershire aimed at helping address the lack of availability of debt finance to local business as a barrier to growth. Our aim is to provide funding for a loan scheme for small businesses in Leicestershire that have been unable to secure sufficient funds from mainstream sources of finance on reasonable terms. The LLEF intends to increase the accessibility of funding available to small businesses in Leicestershire whilst ensuring that the County Council’s initial investment is protected and a market return earned. £1 million is available to support this endeavour for an investment period of 2 years, with an option to extend for up to 12 months. The County Council has a preference for proposals that are able to include private sector investment being made alongside the County Council’s, on equal terms. Potential bidders should note that only commercially viable offers will be considered. A commercially viable offer will represent good value for money and provide confidence of delivering acceptable returns on investment and such proposals should ensure that the County Council is repaid its investment with any return thereon within 5 years of the end of the investment period. Quotations are invited for the operation of the Leicestershire Local Enterprise Fund. The County Council’s detailed requirements are defined in the attached Request for Quotation document (RfQ). Leicestershire County Council welcomes questions and feedback from potential bidders and this should be addressed to: stewart.brewer@leics.gov.uk 888.5 KB

 

Additional information

Contract Type One off
Procurement Process Quotation
Estimated ValueText Description
Category Financial Services,
CPV codes 66000000,
Suitable for SME YES

Document Available Until

4 October 2013

9 days

Submission Return By

7 October 2013

12 days

Contact Details

Leicestershire County Council
Stewart Brewer
0116 305 5857

This contract is being managed by Leicestershire County Council . To request documentation contact stewart.brewer@leics.gov.uk