# Urban Development Fund Investement Management Services

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

## Key facts

- Public buyer: [Lancashire County Council](/buyers/lancashire-county-council/contract-awards)
- Contract winner: IGLOO INVESTMENT MANAGEMENT LIMITED
- Award value: £1,649,500
- Tender value: £1,650,000
- Award date: 14 December 2020
- Published: 16 December 2020
- Contract start: 1 January 2021
- Contract end: 30 June 2025
- Stage: awarded
- Procurement category: services
- Notice ID: 66dc7145-dbfc-442e-bb92-a46c8e2a27ca-401089
- OCID: ocds-b5fd17-dc75b049-53c6-47e7-b517-556e93eaea27

## Description

The Lancashire Urban Development Fund \(LUDF\) will provide capital to fill finance gaps for private sector developers that aim to build workspace in Lancashire, operating on the basis of investing in developments to bring forward activity that the market would not otherwise invest in\. It is intended that the LUDF will promote economic growth in Lancashire by providing a mechanism to bring forward fit-for-purpose industrial and commercial premises for SME's in Lancashire's priority growth sectors and help to unlock key strategic employment sites to support growth\. This tender is for the establishment of a Contract for the provision of Investement Fund Management Services \(the Services as set out in the Specification and tender documents\) for the LUDF\. The appointed Service Provider will be responsible for managing all the affairs of the fund including the making of investment decisions at all stages through to term, disposal or exit/realisation\. The Contract will require the Service Provider to agree to the achievement of Key Performance Indicators \(KPIs\) related to the investment of the funds\. As the LUDF is part-funded by ERDF grant funding all investments and Services will be required to be undertaken in accordance with EU rules and regulations, including in a State Aid compliant manner\. All of the requirements will be detailed within the Invitation to tender, the Specification and the Contract documentation\.

## Related contract awards

- [GB-Preston: TPPL Lancashire County Council HCC Lot 1 - 4 x EV Cars, 10 x Hybrid Cars \(29602\)](/contracts/ocds-b5fd17-b7fe141b-7b34-46b8-85d8-e3ccea3f6de5): Lancashire County Council
- [NEPRO 3 Local Government Reorganisation Support \(LGR\)](/contracts/ocds-b5fd17-9ddf5990-8b40-4ca7-9426-126284c563f5): Lancashire County Council
- [NEPRO3 - MRN Programme & Project Management Services](/contracts/ocds-b5fd17-6f794f8f-d148-43b5-945b-b50c63241fe8): Lancashire County Council

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/66dc7145-dbfc-442e-bb92-a46c8e2a27ca-401089)