Source: https://tendernation.io/opportunities/01a13d0d-15d6-73d3-94fb-051f82badfe5/ace-614-itt-framework-of-financial-advisors-for-arts-and-culture-repayable-fin

awarded GB open procedure Suitable for SMEs

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

[Arts Council England](https://tendernation.io/buyers/arts-council-england)

Estimated value

£166,667

Published

5 Mar 2025

Deadline

Closed

20 Feb 2025

## 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.

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## About this tender

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.

## CPV classification

Accounting services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/ac1527b1-c534-45dc-b100-33a08baa1efa)

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