Business Case, Operating Business Plan and Model & Procurement of External Fund Managers.
In the context of the COVID-19 Pandemic, Warwickshire County Council were seeking to review its options to understand the difference it could make and how best to support the economic recovery of the county from COVID-19. The Council wanted to use its financial strength to set up a Fund that could provide finance to support Warwickshire based businesses and the jobs of its residents.
To secure support and approval to establish the Fund the Council required a Business Case and Operational Business Plan to be prepared and taken through the Council’s internal decision-making process. We also supported the council in the procurement of a Fund Manager and Fund Advisor to manage different elements of the Fund.
As part of this role, we have:
Our work has supported the Council securing approvals to establish the Warwickshire Recovery and Investment Fund. The Business Plan and toolkit has provided the County Council with an agreed approach to operate the fund and a set of proforma documents to use and guide them through the investment decision making process. Our work leading the procurement of external Fund Advisor and Fund Manager has also equipped the council with the resource it needs to manage and monitor the fund.
As a result of our work, the Council was ready to launch the fund with confidence that the necessary management, governance and other operational procedures were in place to operate the fund effectively.