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PROCUREMENT OPPORTUNITY

Essex Renewal Fund Services - Fund and Asset Management

Essex County Council · compiled

Tender information last checkedLast checked 29 Sept 2026, 19:48.

Opportunity overview

Essex County Council is seeking external support to provide up to ten years (five initial years with options to extend) of fund and asset management services, leading on fund acquisitions and disposals for the Essex Renewal Fund. The Essex Renewal Fund (“ERF”) is a revolving investment fund supporting the delivery of new homes and jobs. It does this through land and property projects that the market wouldn’t deliver – or, may not deliver to such high standards. It is important that the Fund has a catalytic impact beyond projects that it delivers directly, by building confidence in Essex places and markets. This requires careful fund and asset management, underpinned by robust market intelligence and sound real estate consultancy. The fund, supporting ECCs commitment to good jobs, future growth and investment, green growth and levelling up the economy, has a number of portfolio and project-level controls to adhere to. It also has an existing portfolio of three commercial properties and will be supported by an internal term alongside fund and project related external consultants.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

Montagu Evans LLP

Matched by exact name
Contract value
£1.4m
Awarded
Not supplied
Contract signed
30 Mar 2025
Award ID
016310-2025-1
Status
active
Location
London, UKH3, EC3A 8BE, United Kingdom

Classification

  • CPV73200000 — Research and development consultancy services
  • CPV66140000 — Portfolio management services

Lots

  • Essex County Council is seeking external support to provide up to ten years (five initial years with options to extend) of fund and asset management services, leading on fund acquisitions and disposals for the Essex Renewal Fund. The Essex Renewal Fund (“ERF”) is a revolving investment fund supporting the delivery of new homes and jobs. It does this through land and property projects that the market wouldn’t deliver – or, may not deliver to such high standards. It is important that the Fund has a catalytic impact beyond projects that it delivers directly, by building confidence in Essex places and markets. This requires careful fund and asset management, underpinned by robust market intelligence and sound real estate consultancy. The fund, supporting ECCs commitment to good jobs, future growth and investment, green growth and levelling up the economy, has a number of portfolio and project-level controls to adhere to. It also has an existing portfolio of three commercial properties and will be supported by an internal term alongside fund and project related external consultants.£2.5m

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
DN660817
Status
complete
Has Recurrence
No
Procurement Method
open
Main Procurement Category
services
Procurement Method Details
Open procedure

Covered By

GPA

Bid Opening

Date
11 Nov 2024, 12:00
Description
The commercial officer will conduct the opening process via the functionality within the Council's e-sourcing portal, ProContract. No postal responses or any submissions which are issued outside the electronic portal will be accepted.

Address

Street Address
Via Procontract

Legal basis

Id
32014L0024
Scheme
CELEX

Expected award period

Starts
11 Nov 2024, 12:00

Tender Period

Ends
11 Nov 2024, 12:00

Contract terms

Performance Terms
In relation to conditions for participation section III of the notice, the stated selection criteria is as stated in the procurement documentation.

Classification

Id
73200000
Scheme
CPV
Description
Research and development consultancy services

Submission terms

Languages

en

Bid Validity Period

Duration In Days
180

Submission Method

electronicSubmission

Other Requirements

Requires Staff Names And Qualifications
Yes

Selection criteria

Criteria

Criterion 1
Type
suitability
Description
In relation to conditions for participation section III of the notice, the stated selection criteria is as stated in the procurement documentation.

Applies To

supplier

Lots and requirements

Entry 1
Id
1
Status
cancelled
Has Options
No
Has Renewal
Yes
Description
Essex County Council is seeking external support to provide up to ten years (five initial years with options to extend) of fund and asset management services, leading on fund acquisitions and disposals for the Essex Renewal Fund. The Essex Renewal Fund (“ERF”) is a revolving investment fund supporting the delivery of new homes and jobs. It does this through land and property projects that the market wouldn’t deliver – or, may not deliver to such high standards. It is important that the Fund has a catalytic impact beyond projects that it delivers directly, by building confidence in Essex places and markets. This requires careful fund and asset management, underpinned by robust market intelligence and sound real estate consultancy. The fund, supporting ECCs commitment to good jobs, future growth and investment, green growth and levelling up the economy, has a number of portfolio and project-level controls to adhere to. It also has an existing portfolio of three commercial properties and will be supported by an internal term alongside fund and project related external consultants.

Value

Amount
2,500,000
Currency
GBP

Renewal

Description
The initial term is 60 months, with the option to extend for up to a further 60 months in total in increments of 24, 24, and 12 months.

Award criteria

Criteria

Criterion 1
Name
Quality
Type
quality
Description
55
Criterion 2
Name
Social Value
Type
quality
Description
5
Criterion 3
Type
price
Description
40

Contract period

Duration In Days
1,800

Submission terms

Variant Policy
notAllowed

Items and delivery

Item 1
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UKH3
Entry 2
Region
UKH3
Entry 3
Region
UKH3

Additional Classifications

Entry 1
Id
66140000
Scheme
CPV
Description
Portfolio management services

Published documents

Entry 1
Id
economic
Document Type
economicSelectionCriteria
Entry 2
Id
technical
Document Type
technicalSelectionCriteria

Buyer, suppliers and contacts

Organisation 1
Id
GB-FTS-4622
Name
Essex County Council

Roles

buyer

Address

Region
UKH3
Locality
Chelmsford
Postal Code
CM1 1QH
Country Name
United Kingdom
Street Address
County Hall, Market Road

Details

Classifications

Entry 1
Id
REGIONAL_AUTHORITY
Scheme
TED_CA_TYPE
Description
Regional or local authority
Entry 2
Id
01
Scheme
COFOG
Description
General public services

Identifier

Legal Name
Essex County Council

Contact

Name
Mr Joshua Carter
Telephone
+44 333
Organisation 2
Id
GB-FTS-111
Name
High Court

Roles

reviewBody

Address

Locality
London
Postal Code
WC2A 2LL
Country Name
United Kingdom
Street Address
Royal Courts of Justice, The Strand

Identifier

Legal Name
High Court
Organisation 3
Id
GB-FTS-144734
Name
Montagu Evans LLP

Roles

supplier

Address

Region
UKH3
Locality
London
Postal Code
EC3A 8BE
Country Name
United Kingdom
Street Address
70 St Mar Axe

Details

Scale
large

Identifier

Legal Name
Montagu Evans LLP

Award information

Award 1
Id
016310-2025-1
Status
active

Suppliers

Supplier 1
Id
GB-FTS-144734
Name
Montagu Evans LLP

Related lots

1

Contracts and changes

Entry 1
Id
016310-2025-1
Status
active
Award ID
016310-2025-1
Date Signed
31 Mar 2025, 00:00

Value

Amount
1,350,406.3
Currency
GBP

Recorded locations

  • Buyer location · Chelmsford · UKH3 · CM1 1QH · United Kingdom
  • Delivery location · UKH3

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-04a4c4-2025-04-22T15:55:49+01:00compiled ·