Derby City Council · Awarded contract
Awarded

Due Diligence Services for Derby City Council's Enterprise Growth Fund and Ascend Programs

Awarded 13 Apr 2023

View live tenders
Awarded13 Apr 2023
Value£250,000.00
SupplierInventya Ltd
AgencyDerby City Council
RegionEast Midlands
CategoryConsultancy & Legal
Ended 7mo ago3y term
Awarded 13 Apr 2023Expired 12 Apr 2026

About

Derby City Council awarded a contract to Inventya Ltd for due diligence services, primarily for companies accessing the Derby Enterprise Growth Fund and Ascend, but also available to the Council more widely.

The services include undertaking due diligence exercises and providing reports and advice on companies offered (in principle) grant or loan funding prior to funding contracts being signed, reviewed, or amended.

Reports are required to provide an external independent view on viability and risk as well as confirmation and validation of State Aid position to ensure all funding is State Aid compliant.

The contract commenced on 14th April 2023 and expires on 13th April 2026, with an option to extend for a further 2 years in annual increments.

The value of £250,000 is based on the full 5 years.

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