ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance

A Contract Award Notice
by ARTS COUNCIL ENGLAND

Source
Find a Tender
Type
Framework (Services)
Duration
not specified
Value
£167K
Sector
BUSINESS
Published
05 Mar 2025
Delivery
not specified
Deadline
n/a

Concepts

Location

United Kingdom: UNITED KINGDOM

Geochart for 1 buyers and 1 suppliers
Arts Council England
Festivals & Events
+−
Leaflet | Map tiles by Stamen Design, under CC BY 3.0. Data by OpenStreetMap, under ODbL.

1 buyer

1 supplier

Description

Arts Council England are conducting a Procurement for a Framework of Financial Advisors to support with the administration of the Cultural Recovery Fund loans programme. As part of the government’s response to the Covid 19 crisis, the Department for Culture, Media and Sport (DCMS) made 37 loans to arts and culture organisations, investing £250 million. DCMS are the Lender for the loans, and Arts Council acts as their loan agent. A dedicated repayable finance team manages the day-to-day responsibility of the loan book management, monitoring, and reporting. From time to time, ACE requires an independent and impartial review of a borrower organisation and its financial model to support our decisions regarding their loans - referred to as Financial Advisors.

Lot Division

1 will cover Level 1 borrower organisations (typically small to medium sized arts and culture organisations, with a turnover of roughly under £15 million)

Lot 1: will cover Level 1 borrower organisations (typically small to medium sized arts and culture organisations, with a turnover of roughly under £15 million). Other factors such as: the nature of the lender’s (DCMS) security documentation, structure of the borrower organisation, and any other debt belonging to the borrower organisation, will all affect the complexity of the review, and classification of borrower organisations into the lots by the project team. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/565EGV5477
2 Lot 2: will cover Level 2 borrower organisations (typically large arts and culture organisations, with a turnover of roughly £15 million or above)

Lot 2: will cover Level 2 borrower organisations (typically large arts and culture organisations, with a turnover of roughly £15 million or above). Other factors such as: the nature of the lender’s (DCMS) security documentation, structure of the borrower organisation, and any other debt belonging to the borrower organisation, will all affect the complexity of the review, and classification of borrower organisations into the lots by the project team.

Award Detail

1 Festivals & Events (London)
  • ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance
  • Reference: 008096-2025-1
  • Value: £166,667

Renewal Options

Subject to funding and budget approval, ACE may extend the contract by 2 periods of up to 12 months each, therefore the maximum contract end date is 23rd February 2029.

Award Criteria

Quality Technical 90
Commercial 10

CPV Codes

  • 79211000 - Accounting services
  • 79212500 - Accounting review services

Indicators

  • Options are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** To view this notice, please click here: https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=931466015 GO Reference: GO-202535-PRO-29658573

Reference

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