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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | Arts Council England |
| Main Category: | Services |
| Procurement Method: | Open procedure |
| Tender Status: |
| Closed |
| Estimated Value (ex. VAT): | £166,666.67 |
| Release Date: | 5 March 2025 |
| Application Deadline: | 20 February 2025 |
| Contract Start Date: | 24 February 2025 |
| Contract End Date: | 23 February 2027 |
| Contract Duration: | 2.0 years |
| Procurement ID (OCID): | ocds-b5fd17-ac1527b1-c534-45dc-b100-33a08baa1efa |
| Notice Reference: | 4eba889b-5e1c-42da-827d-c6322f8747b6-832051 |
View Original Notice
Access the full notice on the official portal
Awarded to
| Award value: | £166,666.67 |
| Award decision date: | 20 February 2025 |
| Award status: | Active |
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.
Published contracts in the last 12 months
14
total contracts
£170k
total value
£42,480
average contract size
Typical categories
Pipeline status
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Application Deadline
20 February 2025
Closed
Estimated Value
£166,666.67
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