# PURCON617 Fund Management for Venture Capital Funds - AWARD

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [UNIVERSITY OF EAST ANGLIA](/buyers/university-of-east-anglia/contract-awards)
- Contract winner: 350 Investment Partners LLP
- Award value: £0
- Award date: 24 February 2016
- Published: 18 November 2016
- Contract start: 24 March 2016
- Contract end: 31 December 2019
- Stage: awarded
- Procurement category: services
- Notice ID: 42ee741c-f3a8-4211-98d9-ee5ceed8c981-90543
- OCID: ocds-b5fd17-6d45321a-adc9-11e6-9901-0019b9f3037b

## Description

The contracting authority is seeking to develop a framework of fund managers to deliver fund portfolio management services for a range of investment funds, from a variety of sources\. The services will be for early stage investments into SMEs and other eligible companies, developing low carbon goods and services and/ or growing, developing or expanding in a manner consistent with the progression to a low carbon economy\. There is no clear idea as to how much will be spent with the fund manager\(s\) as this is dependant on the value of the fund\. However ERDF guidance suggests not more than 3% of the value of the fund can be spent on the fund manager per annum\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/42ee741c-f3a8-4211-98d9-ee5ceed8c981-90543)