Cardiff Capital Region (CCR) is looking to establish a 10 million GBP housing investment fund for the benefit of SME developers (developers operating in the order of c.100 units) in the South East Wales region (the Fund). Cardiff Council is seeking to procure a FCA accredited fund manager/advisor on behalf of CCR to provide certain services and to manage the capital allocated under the Fund (the Opportunity).

The purpose of this PIN is to obtain market feedback on Cardiff Council’s proposals for the opportunity and the procurement strategy. In particular, Cardiff Council wants to understand the market’s appetite to participate in a procurement process for the opportunity and its ability to mobilise and commit resources to participate in such process.

CCR has issued a market engagement briefing paper alongside this PIN which outlines the fund and the opportunity and a number of key questions on which CCR would like written feedback from the market by no later than 17.00 on 8 July 2020.