Early Years Investment Fund Manager

Tender description

This Prior Information Notice (PIN) is intended to inform the market of a prospective opportunity relating to the establishment of a funding vehicle designed to increase the provision of early years places in England, focusing on those private and voluntary providers who will deliver the 30 hours extended entitlement (coming into effect September 2017). By increasing the availability of 30 hour places, the Fund aims to create a work incentive for families with young children. Alongside the work incentive, the funding vehicle will focus on providers who are able to demonstrate social impact, directly through the provision of their childcare services and/or through provision of additional services in the wider community. It is anticipated that the loan investments made to providers will be used for working capital (including operating costs); traditional capital builds (including new builds, expansions and refurbishments) and maintenance and infrastructure improvement projects. See 'Attachments' for a full description and further information.