Tender

Market Engagement - Low Interest Loan Provider

CHERWELL DISTRICT & SOUTH NORTHAMPTONSHIRE COUNCIL

This public procurement record has 1 release in its history.

Tender

15 Mar 2017 at 13:51

Tender Notice
Summary of the contracting process

The Cherwell District & South Northamptonshire Council is initiating a procurement process titled "Market Engagement - Low Interest Loan Provider" aimed at securing loan brokerage services. This tender is currently in the planning stage and is targeted at addressing the needs of vulnerable households and property owners in the United Kingdom. Key dates include a market engagement event scheduled for 6 April 2017 at The Forum, Moat Lane, Towcester, NN12 6RL, starting at 10:00 AM, with a tender period ending on 31 March 2017. The contract period is set to commence on 1 June 2017 and conclude on 15 March 2018, establishing a contract with a term lasting nearly a year. The procurement method specifics are not specified at this stage.

This tender presents a significant opportunity for businesses that provide financial services, particularly those specialising in low-interest loan products tailored for vulnerable demographics. Companies that can contribute to the strategic objectives of the Council by offering affordable and high-quality loan services will be well-positioned to compete. With an emphasis on supporting energy efficiency, bringing empty homes back into use, and promoting independent living for disabled individuals, businesses with expertise in social housing finance or community-based lending would find this procurement particularly aligned with their offerings.

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Notice Information

Notice Title

Market Engagement - Low Interest Loan Provider

Notice Description

Please see attached Market Engagement Event Additional information: Market Engagement Event Only - Low Interest Loan Provider South Northamptonshire Council are to procure a low interest loan service to assist vulnerable households and property owners. The Private Sector Housing Strategy directs financial assistance:- a) To vulnerable occupiers living in hazardous housing conditions; b) To encourage long term empty homes to be brought back into use; c) To support energy efficiency measures with the aim of reduce poverty; d) To support the provision of an increased supply of well-managed, affordable and secure rental accommodation in the private sector; and e) To promote independent living by funding access to facilities considered necessary to meet the clinically assessed needs of a disabled person. Vulnerable occupiers: o The assistance provided by the Council takes the form of loan products administered by a partner agency tailored to meet the needs of its clients. o Loan assistance for owner-occupiers meeting the eligibility criteria will take the form of capital and interest repayment loans. o Interest only and interest roll-up loans will normally only be suitable for applicants over 65 with sufficient equity in their home. o Typically loans to owner-occupiers will be for a maximum amount of ?7500 and with a maximum repayment period of 15 years. Landlords: o low-interest loan product providing an incentive for landlords to meet the Council's strategic objectives by providing affordable, high quality accommodation for low-income households. We would like, at this stage prior to formal procurement, to seek input from the market as to what the appetite might be for undertaking this service and to allow an opportunity to discuss options for the delivery of future provision. The Councils intends to hold an open information session for all interested organisations to be held at The Forum, Moat Lane, Towcester, NN12 6RL on Thursday 6 April 2017, which will start at 10.00am. This will provide an opportunity for organisations to explore these proposals further. The session will include: o An overview of our Private Sector Housing Priorities o An outline of our low cost loan requirements and how we would like to work with providers o The procurement timetable o Opportunity for private meetings with providers Due to limited space, we ask that only one person from each organisation attend. If you wish to attend, please contact May Read, Interim Strategic Housing Manager, may.read@southnorthants.gov.uk. https://in-tendhost.co.uk/cherwellandsouthnorthants/aspx/Home Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-94b69142-9535-4655-8854-b58c1582eb76
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0ac77a6b-1381-4d3f-ae0f-e78911624273
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66190000 - Loan brokerage services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Mar 20178 years ago
Submission Deadline
31 Mar 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 May 2017 - 15 Mar 2018 6-12 months
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
CHERWELL DISTRICT & SOUTH NORTHAMPTONSHIRE COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NORTHANTS
Postcode
NN12 6DW
Post Town
Northampton
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF24 West Northamptonshire
Delivery Location
Not specified
Local Authority
West Northamptonshire
Electoral Ward
Towcester and Roade
Westminster Constituency
South Northamptonshire

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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