Early Stage Investment Fund

Official notice

Authority: West Yorkshire Combined Authority (Local council)

Services

Sectors: Financial and insurance services (66)IT Services & Software (72)Research & Development (R&D) (73)

+1 more

Health & Social Care (85)

Delivery: Yorkshire & Humber (UKE4)

Planned pipeline valueValue not publishedpipeline notice, not a live tender

Tender notice expected 1 Sept 2025from the planned procurement notice

What is being bought

Published requirement description

*PIN ONLY*

We are looking for a fund manager with experience in early-stage investments into Health & Life Science and Digital Tech companies across West Yorkshire. We expect our funds to be used to contribute between £200k and £500k to a pre-seed/early-seed deal, with the ability to bring in leverage, either via other private sector funds, or via public sector funds such as the Northern Powerhouse Investment Fund. The fund manager will work closely with our accelerator partner (Health Innovation Yorkshire & Humber) to secure deal flow. The fund manager will not be expected to make follow-on investments.

Anticipated tender timings: We are aiming to go into delivery in Summer 2025

Anticipated contract length: It's envisaged that the first four years would be the investment period, followed by six years of portfolio management.

Estimated budget: £4M is confirmed currently, but we are looking to get the budget north of £10M. This will be confirmed in due course.

CPV: Corporate finance and venture capital services · Health and social work services · IT services: consulting, software development, Internet and support · Research and development services and related consultancy services

The lotProcurement structure

single lot · no lot value published

Lot #1Planned

Delivery: Yorkshire & Humber · West Yorkshire

66122000 Corporate finance and venture capital services 72000000 IT services: consulting, software development, Internet and support 73000000 Research and development services and related consultancy services 85000000 Health and social work services

Procedure terms & legal framework

From the official record

Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Past planning notice
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Competitive procedure
GPA / WTO covered: Yes (GPA)
Recurring procurement: Unspecified in notice
First published: 6 Feb 2025, 16:16 GMT
Last source update: 6 Feb 2025, 16:16 GMT
FTS notice number: 2025/S 000-004030
Classification (CPV): Corporate finance and venture capital servicesHealth and social work servicesIT services: consulting, software development, Internet and supportResearch and development services and related consultancy services
Delivery area: Yorkshire & Humber (UKE4)
Official registry OCID: ocds-h6vhtk-04dc65 Find a Tender

How it was run

Official notice

Submission deadline: —

Timeline

6 Feb 2025 → 1 Sept 2025 · 2 dates

Notice published
6 Feb 2025, 16:16 GMT
Tender notice expected
1 Sept 2025, 00:00 BST

Commercial outcome & contract awards

Pipeline notice

Awards (0): No award published
Contracts (0): No contract published
Bid statistics: No aggregate bid statistics published

Contracting authority & participating public bodies

West Yorkshire Combined Authority

Contracting authorityLocal CouncilRegional or local authorityGeneral public services 8876556 Wellington House, 40-50 Wellington Street, Leeds, Yorkshire & Humber, LS1 2DEContact name, email Published organisation website ↗

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.