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Children and Young People Financial Education Innovation and Evaluation Programme Grants

Money and Pensions Service

This public procurement record has 2 releases in its history.

Award

29 Dec 2020 at 08:06

Award Notice
Tender

06 Aug 2020 at 12:29

Tender Notice
Summary of the contracting process

The Money and Pensions Service is conducting the Children and Young People Financial Education Innovation and Evaluation Programme Grants, aimed at enhancing financial education for specific youth demographics. This open procurement process targets the research services industry, with a tender period that concluded on 14 September 2020. The total value of the contracts awarded is £550,000, with an active contract period spanning from 1 December 2020 to 30 September 2021. Key priority areas include developing solutions for children under seven, aiding young people in vulnerable circumstances, and exploring digital delivery methods.

This tender presents significant growth opportunities for businesses involved in educational programmes, particularly those offering innovative solutions in financial literacy. Small and medium-sized enterprises (SMEs) and voluntary community sector enterprises (VCSEs) are particularly encouraged to participate, as the scope includes a range of services geared towards enhancing financial capability within critical age groups. Companies focusing on educational technology, social support services, and specialised content delivery would be well-suited to compete effectively for these grants.

How relevant is this notice?

Notice Information

Notice Title

Children and Young People Financial Education Innovation and Evaluation Programme Grants

Notice Description

The Children and Young People (CYP) Financial Education Innovation and Evaluation Programme aims to conduct pilots to develop and test new solutions, and/or evaluate existing but untested interventions, to address unmet need and gaps in financial education provision where there is not yet conclusive evidence on the most effective solutions. The pilots will focus on the following priority groups/activities: LOT 1: CYP under the age of seven years - key ages for financial capability development but for which there is little existing provision and few proven or promising solutions (other than Talk, Learn, Do); LOT 2: CYP in vulnerable circumstances - characteristics that we know have the strongest links to poor financial capability in CYP but for which there is no existing support or tested solutions; and LOT 3: Digital delivery - a delivery method that we know is becoming increasingly important and needed in financial education but for which there is no clear or consistent evidence of impacts on pupils' outcomes or teachers' practices. Providers are sought to develop and deliver existing but untested financial education interventions to fill gaps in knowledge and practice in one or more lots. The Money and Pensions Service (MaPS) has awarded 8 grants in total (3 for Lots 1 and 2, and 2 for Lot 3)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-569d2e74-d6ab-4bc3-b5d3-879929df4b52
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6bf1637b-3dec-4b01-9c29-f4462d15a5ed
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
£550,000 £500K-£1M
Lots Value
Not specified
Awards Value
£550,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Dec 20205 years ago
Submission Deadline
14 Sep 2020Expired
Future Notice Date
Not specified
Award Date
1 Dec 20205 years ago
Contract Period
1 Dec 2020 - 30 Sep 2021 6-12 months
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
Money and Pensions Service
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC1N 2TD
Postcode Area
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified
Local Authority
Camden
Electoral Ward
Holborn & Covent Garden
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
8
Supplier Names

Just Finance Foundation

NCFE

Young Enterprise Northern Ireland

The Money Charity

Whizz-Kidz

Porchlight

MyPocketSkill Ltd

Young Enterprise - Scotland

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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