Fund Managers for the South East Investment Fund and the East of England Investment Fund

British Business Bank
Yorkshire and the Humber
Open procedure
27 June 2026 to 26 June 2036

Management of regional investment funds totalling £350m across the South East and East of England, split into equity (up to £5m) and debt (£25k-£2m) sub-funds. The scope includes investment sourcing, due diligence, portfolio management, and follow-on investment activities. The contract operates in two distinct phases: a 5-year investment period followed by a 5-year realisation period, with optional extensions for both phases.

Open the official notice

Awarded value: £17m; As published
Published: 15 December 2025
Awarded: 28 April 2026; Maven Capital Partners UK LLP, Mercia Regional Investments Ltd, FSE Fund Managers Ltd and 1 more
Contract length: 120 months; Ends 26 June 2036

What the contract covers

Fund management services

Provision of professional fund management services for regional debt and equity investment schemes supporting the growth of small businesses.

Fund management for £88m of equity investments of up to £5m for the South East of England region, including the ability to make new investments during the Investment Period and follow-on investments in portfolio businesses during Realisation.
Fund management for £59m of debt loans from £25,000 up to £2m for the South East of England region, including the ability to make new investments during the Investment Period and follow-on investments in portfolio businesses during Realisation.
Fund management for £63m of equity investments of up to £5m for the East of England region, including the ability to make new investments during the Investment Period and follow-on investments in portfolio businesses during Realisation.
Fund management for £42m of debt loans from £25,000 up to £2m for the East of England region, including the ability to make new investments during the Investment Period and follow-on investments in portfolio businesses during Realisation.

Lot	Estimated value	SMEs
Lot 1	Not stated	Not stated
Lot 2	Not stated	Not stated
Lot 3	Not stated	Not stated
Lot 4	Not stated	Not stated

Terms and requirements

Contract type: Fund management services
Procedure: Open procedure
Initial term: 120 months
Extensions: 24 months + 24 months
Longest it can run: 168 months
Contract dates: 27 June 2026 to 26 June 2036
Certifications asked for: None stated
Lots: 4
Suitable for SMEs: Yes
Category: Services
CPV codes: 66000000, 66100000, 66120000, 66122000

Services in this contract

Business finance fund managementMain service£60k typicalFund management of regional equity and debt investment funds for smaller businesses

Lifecycle

Published
15 December 2025
Contract awardedto Maven Capital Partners UK LLP, Mercia Regional Investments Ltd, FSE Fund Managers Ltd and 1 more
28 April 2026
Contract starts
27 June 2026
Contract ends
26 June 2036

The buyer

British Business Bank

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The suppliers

Maven Capital Partners UK LLP

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Mercia Regional Investments Ltd

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FSE Fund Managers Ltd

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and 1 more

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Cite this contract

Link: https://bidskim.com/tender/339772/fund-managers-for-the-south-east-investment-fund-and-the-east-of-england-investm
Buyer reference: IC - P-3422
Open contracting ID: ocds-h6vhtk-05f5ca
Last checked: 5 November 2026

British Business Bank. Fund Managers for the South East Investment Fund and the East of England Investment Fund. Contract award, 15 December 2025. BidSkim, https://bidskim.com/tender/339772/fund-managers-for-the-south-east-investment-fund-and-the-east-of-england-investm (accessed 5 November 2026).