Tender

DR5181 Action for New Enterprise - Grant Scheme

LONDON BOROUGH OF TOWER HAMLETS

This public procurement record has 1 release in its history.

Tender

09 Feb 2017 at 14:09

Tender Notice
Summary of the contracting process

The London Borough of Tower Hamlets is seeking to appoint an experienced organisation for the management and implementation of the "DR5181 Action for New Enterprise - Grant Scheme". This initiative, falling under the administration, defence, and social security services industry category, is set to create grant support for at least 300 new entrepreneurs who are residents of Tower Hamlets. The procurement is currently in the tender stage, with a deadline for submissions on 6 March 2017. The anticipated contract start date is 27 March 2017, and the estimated total contract value is £100,000 over a 24-month period.

This tender presents valuable opportunities for businesses focused on support and consultancy services for new entrepreneurs. Organisations specialising in management consultancy, social work, and community services will find particularly relevant prospects for participation. With a grant provision of up to £5,000 per successful applicant, businesses that can effectively assist with the training and development of entrepreneurs can significantly benefit from this initiative, while also contributing to economic development within the local community.

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Notice Information

Notice Title

DR5181 Action for New Enterprise - Grant Scheme

Notice Description

The London Borough of Tower Hamlets are seeking to appoint an experienced organisation for the management and implementation of a scheme (Contract Two: Action for New Enterprise: New Entrepreneurs Grant Initiative) to give grant support to new entrepreneurs. (Please note the funding for this contract is already in place). Action for New Enterprise Grant Scheme is the second part of a two part project contract. The First part (Contract One: Action for New Enterprise; New Entrepreneur Training Initiative) which provides a structured enterprise training programme for Tower Hamlets Residents was successfully awarded in August 2016, To London Small Business Centre following the London Borough of Tower Hamlets Procurement process. This procurement exercise relates only to Contract Two, The New Entrepreneur Grants Initiative. This grant provision project will be for a minimum of 300 individuals who are bona fide residents of the London Borough of Tower Hamlets and who would have successfully completed the training as provided within Contract One. Main objective of the project: The main aim of the Action for New Enterprise project, which consists of activities delivered under both Contract One (The New Entrepreneur Training Initiative) and Contract Two (The New Entrepreneur Grants Initiative, is to create an opportunity for people and organisations located in Tower Hamlets to develop an entrepreneurial capacity which will lead them to business success. Achieving this objective will create employment and economic prosperity in the borough. This will be brought about by equipping new entrepreneurs with the necessary skills, experience and opportunities for successful business ventures. Whilst activities under Contract One will develop the entrepreneurs' business ideas, under Contract Two the enterprises created will be provided with grant funding - up to PS5,000 in each case - to support the development, growth and sustainability of the business. Such grant funding will only be allocated in each case following rigorous checks relating to the prospective recipient, and a full assessment of the viability of the business activities proposed. It will be a pre-condition of grant funding under Contract Two that the prospective recipient will have previously have received the training provided under Contract One. The assessment of prospective grant recipients under Contract Two will provide an incentive for them to receive training under Contract One. The anticipated contract start date is: Monday, 27 March 2017 The estimated value of the contract is: Up to PS100,000 Total Cost For a period of: 24 Months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-58acc07c-d8c0-4cb3-a00f-cf819259de6a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6ebbde05-969a-4393-a31d-016478e46eae
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services

79 - Business services: law, marketing, consulting, recruitment, printing and security

85 - Health and social work services

98 - Other community, social and personal services

CPV Codes

75000000 - Administration, defence and social security services

79400000 - Business and management consultancy and related services

85300000 - Social work and related services

98000000 - Other community, social and personal services

Notice Value(s)

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

Notice Dates

Publication Date
9 Feb 20179 years ago
Submission Deadline
6 Mar 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
26 Mar 2017 - 26 Mar 2019 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF TOWER HAMLETS
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
E14 2BG
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Poplar
Westminster Constituency
Poplar and Limehouse

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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