Source: https://tendernation.io/opportunities/01a13bf5-2b88-7262-a45d-47880aba001b/independent-assessment-of-applications-to-the-liverpool-city-region-single-inves closed GB open procedure Suitable for SMEs # Independent Assessment of applications to the Liverpool City Region Single Investment Fund - Framework [Merseytravel](https://tendernation.io/buyers/merseytravel) Estimated value £4,000,000 Published 14 Oct 2016 Deadline Closed 15 Nov 2016 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Buyer says suitable for VCSEs The buyer ticked “suitable for voluntary, community and social enterprises” on the notice. - Sets up a framework Winning a place does not guarantee work: contracts are awarded later as call-offs, and the list usually stays closed for years. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender The devolution deal between Liverpool City Region Combined Authority (LCRCA) and Government, agreed on 17 November 2015, secured a commitment to establish a Single Investment Fund (SIF) for the Liverpool City Region (LCR). The SIF brings together local and national funds with those secured through devolution (£30m per annum). The fund will help to deliver the City Region’s targets for growth and secure long-term prosperity for our residents and businesses. The recently published Single Growth Strategy ‘Building Our Future’ provides a framework to guide investment decisions. With a focus on business development, research and development, innovation, skills, infrastructure and homes, the SIF will be aligned with the three Pillars in the Growth Strategy – Productivity, People, Place - and the priorities of our local, regional and national partners. A key objective of the SIF assurance framework is to support the LCR CA/Mayor in assessing whether potential investments offer good value for money (VfM) and have the capacity to generate and deliver the growth objectives set out in the Growth Strategy. LCR CA is seeking to set up a framework contract for independent assessment of business cases for projects seeking funding from the Single Investment Fund. The first applications, in the form of a Strategic Outline Case, are expected on 9 December 2016. Subsequent Outline Business Cases and Full Business Cases will also require assessment. Independent assessors will be required to produce an appraisal report which contains the following: • An assessment against the core and hurdle criteria, presenting the evidence to support the scoring received for each criterion. • a clear recommendation as to whether the applicant’s project should move to the next stage of consideration i.e. from SOC to OBC or OBC to FBC, and where necessary, highlight where the applicant should further develop detail in the next iteration of their business case, and in the event that the application is rejected then the recommendation should also be clear and evidenced. Read full description ## CPV classification Business analysis consultancy services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/51a1efe5-adca-11e6-9901-0019b9f3037b) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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