ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance
Arts Council England · awarded 20 February 2025
Who
| Buyer | Arts Council England Manchester |
|---|---|
| Supplier |
Festivals and Events International Ltd |
| Category | services |
| Classification | Accounting services CPV 79211000 |
| Notice published | 5 March 2025 |
What it is for
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.
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Other contracts from this buyer
38 awards on file, worth £3.2m.
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Other contracts won by this supplier
1 award on file, worth £167k.
| Awarded | What for | Buyer | Supplier | Value |
|---|---|---|---|---|
| 20 Feb 2025 | ACE 614 ITT - Framework Of Financial Advisors For Arts And Culture Repayable Finance | Arts Council England | Festivals and Events International Ltd | £167k |