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    ContractsFund Adviser for Future Places Fund - £500m Regional Impact Investment Platform
    Open tender

    Fund Adviser for Future Places Fund - £500m Regional Impact Investment Platform

    Contract value
    £1m
    Published 20 Jul 2026

    Recruit an experienced Fund Adviser to manage a £500m revolving regional impact investment platform focused on delivering housing, job creation, and brownfield regeneration across the region.

    🇬🇧United Kingdom· South WestPublished 20 Jul 2026· 2 months agoviaFind a Tender
    Contract value
    £1m
    Published 20 Jul 2026

    Decision brief

    4 fields
    • Contract value
      est.£1,000,000
      Pounds sterling
    • Closing date
      Rolling
      No closing date published
    • Sector
      Financial Services
      Browse related listings
    • Location
      🇬🇧United Kingdom
      South West

    Lifecycle

    Open

    Open tender — no closing date published. Opened 2 months ago.

    20 July 2026
    Open tender · no closing date published

    Brief

    The Investment Team is seeking an experienced Fund Adviser to manage a £500m Future Places Fund (FPF), a revolving regional impact investment platform targeting stalled housing and commercial development schemes. Unlike traditional grant-based funding, the FPF deploys a repayable investment model that recycles capital over time through deal-by-deal co-investment with institutional and pension fund partners. The successful adviser will execute three core pillars: (A) Origination, Structuring & Execution – designing pipeline management processes, sourcing "oven-ready" schemes from local authorities and developers, structuring bespoke investment deals with clear pricing and exit strategies, and managing a four-stage governance process from investment overview through financial closing; (B) Ongoing Portfolio Management & Asset Monitoring – overseeing capital drawdowns against verified milestones, tracking construction progress, monitoring borrower covenants, and leading asset restructuring if needed to protect public capital; and (C) Impact, ESG & Output Reporting – embedding core performance metrics into all transactions to track housing delivery, job creation, and brownfield regeneration outcomes. Management fees are capped at £200,000 per annum (excluding VAT) with a maximum total value of £1,000,000 (excluding VAT) for the full five-year term. The contract will run for an initial 3 years with two optional one-year extensions available. This is a strategic opportunity to shape regional economic development and deliver measurable social impact through innovative investment structuring.

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    Take action
    View tender on sourceFind a Tender

    Full notice and submission process on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    find-tender.service.gov.uk
    Record ID
    ocds-h6vhtk-06ce8c

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    WE
    Buyer
    The West of England Combined Authority
    Sector
    Financial Services