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ocds-b5fd17-91ecc609-4836-4820-9024-21461a4ee52bPublished facts
f4a3e959-68ee-4a5a-b8b8-0503d980ede2-788042Established in 2010, D2N2 is a Local Enterprise Partnership (LEP) operating in the local authority areas of Derby, Derbyshire, Nottingham, and Nottinghamshire to grow the area's economy. Local enterprise partnerships are non-statutory bodies responsible for local economic development in England. D2N2 is one of the largest LEPs in England, with a population of more than two million people and with an economic output of over £50.5 billion GVA (gross value added).\r \r D2N2 is looking to establish an early stage angel investment fund (the Fund) in order to promote equity investment in a core client group where intervention is required to stimulate real opportunity, namely early-stage, start-up businesses between 6 months to 2-years old, typically requiring small amounts of pre-seed and seed investment. D2N2 has up to £4m to invest and requires a 1:1 co-investment rate from the successful Tenderer.\r \r D2N2 proposes a Limited Partnership fund structure for the Fund in order to deliver the investments. D2N2 is looking for a service provider who will be appointed to establish the Fund (including taking the role of General Partner of the Limited Partnership) and to be responsible for the day-to-day operation, decision-making and management of the Fund (the Fund Manager).
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Tender notice observed
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34506b96-f5ce-4420-8ca3-2485ddecea1b-670362Award notice observed
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f4a3e959-68ee-4a5a-b8b8-0503d980ede2-788042Awards and suppliers
Buyer: D2N2 Local Enterprise PartnershipSupplier: Haatch Ventures LLP
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