Award

Northern Ireland Regional Business Support Partner

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

16 May 2023 at 18:40

Award Notice
Summary of the contracting process

The British Business Bank has awarded a contract for the Northern Ireland Regional Business Support Partner, valued at £390,000. The contract involves loan brokerage services and has a duration from April 1, 2023, to March 31, 2027. The buying organisation, British Business Bank, announced the award on March 31, 2023. The procurement stage was completed following an open procedure, with the tender period ending on March 31, 2023. The contract is based in Northern Ireland under the services industry category.

This tender presents an opportunity for businesses interested in providing credit broking services for personal loans to applicants in the start-up phase or early-stage businesses. Small and medium-sized enterprises (SMEs) would be well-suited to compete for this contract. The contract term of up to 5 years, including possible extensions, allows for stability and long-term business growth. Businesses located in Northern Ireland or the United Kingdom, specializing in loan brokerage services, should consider pursuing this lucrative opportunity for business expansion.

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Notice Information

Notice Title

Northern Ireland Regional Business Support Partner

Notice Description

The Start-Up Loans Company has conducted a procurement to establish agreements for Business Support Partners for the Start Up Loans scheme. Business Support Partners will be responsible for providing credit broking services for personal loans for applicants who are preparing to start-up or are an early-stage business. The contract is for an initial term of 24-months, with a maximum of two extensions of up to 12-months each available (i.e. a maximum extension period of up to 24 months).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1b064fc9-1b7e-4039-94ea-6740d21bc11b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/56e49699-7afd-4b88-9318-647f8b24a7d6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66190000 - Loan brokerage services

Notice Value(s)

Tender Value
£390,000 £100K-£500K
Lots Value
Not specified
Awards Value
£390,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 May 20232 years ago
Submission Deadline
30 Mar 2023Expired
Future Notice Date
Not specified
Award Date
30 Mar 20232 years ago
Contract Period
31 Mar 2023 - 31 Mar 2027 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLN Northern Ireland
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

ENTERPRISE NORTHERN IRELAND

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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