Lancashire County Council · Awarded contract

Awarded

Investment Fund Management Services for Lancashire Urban Development Fund

Awarded 01 Dec 2020

View live tenders

Awarded01 Dec 2020

Value£1,649,500.00

SupplierIGLOO INVESTMENT MANAGEMENT LIMITED

AgencyLancashire County Council

RegionNorth West

CategoryFinance & Insurance

Ended 1y ago4y 11mo term

Awarded 1 Dec 2020Expired 31 Oct 2025

About

Lancashire County Council awarded a contract to Igloo Investment Management Limited for the provision of investment fund management services for the Lancashire Urban Development Fund (LUDF).

The LUDF provides capital to fill finance gaps for private sector developers building workspace in Lancashire, aiming to promote economic growth by bringing forward fit-for-purpose industrial and commercial premises for SMEs in priority growth sectors and unlocking key strategic employment sites.

The appointed service provider is responsible for managing all affairs of the fund, including making investment decisions at all stages through to term, disposal, or exit/realisation, and must achieve Key Performance Indicators related to the investment of funds.

As the LUDF is part-funded by ERDF grant funding, all investments and services must comply with EU rules and regulations, including State Aid compliance.

The contract value is AUD 1,649,500.

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