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

> A sourced UK public sector contract award published by Arts Council England.

## Key facts

- Buyer: [Arts Council England](/buyers/the-arts-council-england/contract-awards)
- Supplier: Festivals and Events International Ltd
- Award value: £166,667
- Tender value: £166,667
- Award date: 20 February 2025
- Published: 5 March 2025
- Contract start: 24 February 2025
- Contract end: 23 February 2027
- Stage: awarded
- Procurement category: services
- Notice ID: 4eba889b-5e1c-42da-827d-c6322f8747b6-832051
- OCID: ocds-b5fd17-ac1527b1-c534-45dc-b100-33a08baa1efa

## 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\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/4eba889b-5e1c-42da-827d-c6322f8747b6-832051)