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Agreements for the Start-Up Loans Company's National Business Support Partner services

The Start-Up Loans Company

This public procurement record has 1 release in its history.

Award

31 May 2023 at 16:20

Award Notice
Summary of the contracting process

The Start-Up Loans Company has completed a procurement process for establishing agreements with National Business Support Partners for the Start Up Loans scheme. This involves providing credit broking services for personal loans to individuals preparing to start-up or in the early stages of business. The contracts cover the whole of the UK, with an initial term of 24 months and options for two extensions of up to 12 months each. The total contract value is £7,680,000, with the tender period ending on May 30, 2023, and the contract period starting on June 1, 2023, and ending on March 31, 2027.

This tender by The Start-Up Loans Company presents an opportunity for businesses to become National Business Support Partners and offer credit broking services to support individuals in starting or growing their businesses. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) with experience in loan brokerage services are well-suited to compete for this tender. Businesses interested in providing these services across the UK should consider engaging with The Start-Up Loans Company to explore partnership opportunities and contribute to the growth of aspiring entrepreneurs.

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Notice Information

Notice Title

Agreements for the Start-Up Loans Company's National Business Support Partner services

Notice Description

The Start-Up Loans Company has conducted a procurement to establish two agreements for National 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. National Business Support Partners will cover the whole of the UK. Each 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-b5fd17-6c3c7886-fe44-47c7-8c05-961a39d232f2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d3515880-2c27-4cff-be01-76c5a66af5e8
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, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66190000 - Loan brokerage services

Notice Value(s)

Tender Value
£7,680,000 £1M-£10M
Lots Value
Not specified
Awards Value
£7,680,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
31 May 20233 years ago
Submission Deadline
30 May 2023Expired
Future Notice Date
Not specified
Award Date
30 May 20233 years ago
Contract Period
1 Jun 2023 - 31 Mar 2027 3-4 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
The Start-Up Loans Company
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
Postcode Area
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
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
2
Supplier Names

Biz Britain

Virgin Start Up

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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