Open competition
Open procedure: the contract was advertised and any supplier could submit a bid.
Key facts
- Buyer
- Arts Council England · Body governed by public law
- Supplier
- Festivals and Events International Ltd SME
- Value
- £166,666.67
- Procedure
- Open procedure
- Sector
- Business services · Accounting services (CPV 79211000)
- Region
- North West
- Official notice
- 008096-2025 on Find a Tender
- Timeline
-
- Contract date20 Feb 2025
- Published5 Mar 2025Published 13 days after the contract date
Description
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.
About the supplier
Festivals and Events International Ltd: every public contract they have won, plus their Companies House record (company 06434297).