Market Engagement - Business Growth and Social Impact Investment Fund

Tender description

Business Growth and Social Impact Investment Fund Procurement Market Engagement Event Wednesday 3rd May 2023 12pm to 13 30pm The Cambridgeshire and Peterborough Combined Authority will soon be opening a tendering opportunity for a delivery partner that will be responsible for making investment decisions according to rigorous commercial criteria and make a commercial return on investment on the equity fund They will incorporate the following areas in its delivery: Designing the fund in partnership with CPCA - undertaking market testing to test the assumptions made by the CPCA in developing the fund and make recommendations on the fund operation and financial modelling Promotion and Marketing of the fund Conducting Due Diligence assessments on applicants Issue loans, grants and equity investments Developing partnership to enhance existing relationships with the banks, accountants, capacity building organisations and other financial intermediaries located in the region The project will have two distinct categories of businesses being targeted Fund 1 a growth fund aimed at providing equity or debt funding to high growth potential businesses that do not have access to funding from other sources Fund 2 a fund aimed at providing grants or loans to third sector businesses that do not have access to funding from other sources Administration to cover the 2 fund streams The Market Engagement event will provide interested delivery partners with the opportunity to engage with the Combined Authority's project team as well as discussing the expectations of the delivery partner, the funding and delivery timeline To register your interest in attending this event you will need to respond via the e tendering portal with the names and email addresses of the attendees. Once this has been done, a link to the event will follow