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South West Investment Group (Capital) Limited has appointed a Fund Manager for the South West Loans Fund which was provided through the resources of the South West RDA and the ERDF Operational Programmes of Convergence and Competitiveness. FC Fund ...

Contract award notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

SWIG (Capital) Limited
Lowena House, Glenthorne Court, Truro Business Park, Threemilestone
Contact point(s): Jenny Nott, Finance and Contract Manager
For the attention of: J Nott
TR4 9NY Truro
UNITED KINGDOM
Telephone: +44 1872277331
E-mail:

Internet address(es):

General address of the contracting authority: http://www.southwestinvestmentgroup.co.uk

Address of the buyer profile: http://www.southwestinvestmentgroup.co.uk

Electronic access to information: http://www.southwestinvestmentgroup.co.uk

Electronic submission of tenders and requests to participate: http://www.southwestinvestmentgroup.co.uk

I.2)Type of the contracting authority
Body governed by public law
I.3)Main activity
Economic and financial affairs
I.4)Contract award on behalf of other contracting authorities
The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description
II.1.1)Title attributed to the contract
Selection of a fund manager to manage the South West Loans Fund.
II.1.2)Type of contract and location of works, place of delivery or of performance
Services
Service category No 6: Financial servicesa)Insurances services b)Banking and investment services
Main site or location of works, place of delivery or of performance: South West England.

NUTS code UKK3

II.1.3)Information about a framework agreement or a dynamic purchasing system (DPS)
II.1.4)Short description of the contract or purchase(s)
South West Investment Group (Capital) Limited has appointed a Fund Manager for the South West Loans Fund which was provided through the resources of the South West RDA and the ERDF Operational Programmes of Convergence and Competitiveness. FC Fund Managers Limited were appointed until 2020 to provide loans of up to 250 000 GBP to growth businesses in the South West. A contract to provide additional services relating to debt recovery work, the consideration for which will total not more than 50 % of the original contract, has been awarded to FC Fund Managers Limited.
II.1.5)Common procurement vocabulary (CPV)

66190000

II.1.6)Information about Government Procurement Agreement (GPA)
The contract is covered by the Government Procurement Agreement (GPA): no
II.2)Total final value of contract(s)
II.2.1)Total final value of contract(s)
Value: 437 500,00 GBP
Including VAT. VAT rate (%) 20,00

Section IV: Procedure

IV.1)Type of procedure
IV.1.1)Type of procedure
Negotiated without a call for competition
Justification for the award of the contract without prior publication of a contract notice in the Official Journal of the European Union (OJEU):
Directive 2004/18/EC

1) Justification for the choice of the negotiated procedure without prior publication of a contract notice in the OJEU in accordance with Directive 2004/18/EC

Additional works/deliveries/services are ordered under the strict conditions stated in the Directive.

IV.2)Award criteria
IV.2.1)Award criteria
The most economically advantageous tender in terms of
1. Quality of service. Weighting 40
2. Access to the fund. Weighting 15
3. Marketing of the fund. Weighting 15
4. Environment and diversity. Weighting 15
5. Delivery of information. Weighting 15
IV.2.2)Information about electronic auction
An electronic auction has been used: no
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority
CS20755/Fund/AJN/CB
IV.3.2)Previous publication(s) concerning the same contract

Contract notice

Notice number in the OJEU: 2009/S 071-103320 of 11.4.2009

Other previous publications

Notice number in the OJEU: 2010/S 096-144787 of 19.5.2010

Section V: Award of contract

Lot title: Fund Manager for finance to business loans.
V.1)Date of contract award decision:
V.2)Information about offers
Number of offers received: 1
V.3)Name and address of economic operator in favour of whom the contract award decision has been taken

FC Fund Managers Limited
68 Lemon Street
TR1 2PN Truro
UNITED KINGDOM
E-mail:
Telephone: +44 1872272288
Internet address: http://www.fcfundmangers.com

V.4)Information on value of contract
Total final value of the contract:
Value: 437 500,00 GBP
Including VAT. VAT rate (%) 20,00
V.5)Information about subcontracting
The contract is likely to be sub-contracted: no

Section VI: Complementary information

VI.1)Information about European Union funds
The contract is related to a project and/or programme financed by European Union funds: yes
Reference to project(s) and/or programme(s): ERDF Programmes of Convergence and Competitiveness.
VI.2)Additional information:
The contract has been awarded under the negotiated procedure without a call for competition on the basis that:
1) the additional services have become necessary due to the impact of the economic downturn;
2) providing (and procuring) the additional services separately to the original contract would cause major inconvenience to South West Investment Group (Capital) Limited; and
3) the consideration for the additional services will total not more than 50 % of the value of the consideration under the original contract.
VI.3)Procedures for appeal
VI.3.1)Body responsible for appeal procedures

South West Investment Group (Capital) Limited
Lowena House, Glenthorne Court, Truro Business Park, Threemilestone
TR4 9NY Truro
UNITED KINGDOM
E-mail:
Telephone: +44 1872277331
Internet address: http://www.southwestinvestmentgroup.co.uk/

VI.3.2)Lodging of appeals
VI.3.3)Service from which information about the lodging of appeals may be obtained
VI.4)Date of dispatch of this notice:
9.7.2012