Tender

Croydon Enterprise Loan Fund

CROYDON COUNCIL

This public procurement record has 3 releases in its history.

Tender

25 May 2021 at 10:35

Tender Notice
Tender

25 May 2021 at 10:33

Tender Notice
Tender

25 May 2021 at 10:27

Tender Notice
Summary of the contracting process

The Croydon Council is currently conducting a tender process for the "Croydon Enterprise Loan Fund," aimed at securing a credit control provider to manage its loan portfolio. The fund, which has supported over 300 local businesses since its inception with loans ranging from £1,000 to £50,000, has an open procurement method and is classified under business and management consultancy services. The tender period ends on 8 June 2021, while the contract is set to commence on 11 August 2021 and will last until 30 April 2025. The opportunity is located in Croydon, England, and the total value for this procurement is up to £9,999 GBP.

This tender represents a significant opportunity for small and medium-sized enterprises (SMEs) and voluntary, community and social enterprises (VCSEs) capable of providing financial consultancy and credit control services. Businesses specialising in financial transactions, management consultancy, or those experienced in handling loan portfolios would be particularly well-suited to compete. Engaging in this contract could drive growth and sustainability for eligible firms, allowing them to contribute to the financial wellbeing of local enterprises in Croydon.

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Notice Information

Notice Title

Croydon Enterprise Loan Fund

Notice Description

The Council invites quotations for the provision for Croydon Enterprise Loan Fund. The Croydon Enterprise Loan Fund is a growth programme designed to support businesses in Croydon to access finance in order to start or grow a business. Since 2008 the loan fund has gone on to provide PS3m of finance to over 300 local businesses that have received loans ranging from PS1,000 to PS50,000. CELF is currently seeking to secure a credit control provider to manage its existing loan portfolio over the next four years. The current portfolio consists of 70 existing loans Additional information: Tender Refernce: DN546242

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d16aed07-cc40-4575-926e-da42aaab3835
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c48cd5d7-aa5d-42fb-860c-79c9aee7d9ed
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

66 - Financial and insurance services

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

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£9,999 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 May 20214 years ago
Submission Deadline
8 Jun 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
10 Aug 2021 - 30 Apr 2025 3-4 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
CROYDON 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
CROYDON
Postcode
CR0 1EA
Post Town
Croydon
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

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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