Planning

Financial Education for Children and Young People

MONEY AND PENSIONS SERVICE

This public procurement record has 1 release in its history.

Planning

13 May 2022 at 10:00

Summary of the contracting process

The Money and Pensions Service is planning a procurement process titled "Financial Education for Children and Young People," aimed at enhancing financial education for children and young people across the UK. This initiative aligns with the UK Strategy for Financial Wellbeing, which sets a national goal of ensuring two million more children benefit from meaningful financial education by 2030. Key dates include an engagement end date on 9th June 2022, with a virtual Meet the Buyer event scheduled for the same day from 4.30pm to 5.30pm via Microsoft Teams. The procurement process will encompass various educational services, including primary and secondary education, and is classified under financial market regulatory services. The procurement stage is currently in planning.

This tender represents a prime opportunity for businesses involved in educational services, training, and financial literacy initiatives. Companies with expertise in creating engaging educational materials, digital communication, and proven experience in reaching diverse target audiences will find significant prospects. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly encouraged to participate, given the emphasis on collective action to achieve the overarching goals outlined by the Money and Pensions Service. This initiative not only seeks to improve financial literacy among young people but also to foster business growth in related sectors.

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Notice Title

Financial Education for Children and Young People

Notice Description

Scope: Activity to support the UK Strategy for Financial Wellbeing's 'Financial Foundations' National Goal to increase the number of children and young people across the UK getting a meaningful financial education. The Money and Pensions Service is seeking to undertake a series of procurement exercises to support its statutory duty to develop and coordinate what is required to improve the provision of financial education to children and young people across the UK. From previous evaluations of activity and research we know that children's experiences of and learning about money can have an impact on their ability to manage money later in life. MaPS recently published the UK Strategy for Financial Wellbeing. This sets out five multi-year programmes of work, called Agendas for Change. One of these focuses on 'Financial Foundations', with a national goal to ensure two million more children and young people across the UK receive a meaningful financial education by 2030. Collective action from all those involved in the financial education sector is required to reach this goal. This includes the financial services industry, the devolved authorities and the public and voluntary sectors. In addition to the UK Strategy for Financial Wellbeing, MaPS has also published delivery plans for England, Wales, Scotland and Northern Ireland which set out the priorities that, if implemented, MaPS believe will significantly transform financial wellbeing across the UK. For 'Financial Foundations' these include but are not limited to: *Expanding MaPS' evidence-based financial education programme for parents and carers, Talk Learn Do. We will seek to digitise this programme and extend its application to other groups, including parents and carers of older children *Supporting schools, school leaders and teachers to provide financial education including via teacher training, guidance and evaluation of materials *Ensuring children and young people in vulnerable circumstances also benefit from a financial education. Across a number of different opportunities, MaPS will be seeking suppliers who can offer some or all of the following skills, knowledge and experience: *Ability to identify, reach and influence desired audiences at scale across the country *Ability to create appropriate learning materials from scratch and/or tailor existing material ensuring it is suitable for the desired audience *Track record at delivering programmes successfully in-person and online *Track record of carrying out evaluation and research, we have particular interest in experience from programmes for children and young people and those who work with them *A strong understanding of the policy landscape and a strong knowledge of the needs and wants of these desired audiences, including how to reach and communicate with them effectively *Knowledge of effective digital communication and a track record in designing, building, and communicating resources and messages to a tailored audience. Additional information: During the commissioning process, MaPS will be seeking clarity and assurance that proposed approaches and methods will be effective and robust - and these will then form the basis of contractual delivery with the successful suppliers. MaPS is issuing this Prior Information Notice to commence Early Market Engagement through a virtual Meet the Buyer event. The purpose of this event is to alert the market to the potential procurement opportunities and to gain a better understanding of the capacity and appetite of the market to deliver against the proposed planned activities. MaPS is keen to understand how projects can: * Maximise reach and most successfully engage their target audience; * Be delivered at scale and across the UK; and * Robustly demonstrate their impact on outcomes for the target audience. The Meet the Buyer event will be hosted virtually via Microsoft Teams on 9th June 2022 from 4.30pm to 5.30pm. If you are interested in attending this event please email your interest to commercial@maps.org.uk using 'MaPS CYP Meet the Buyer event' in the header. You will then be sent meeting instructions for the event. More information on the following is included in the links above: * UK Strategy for Financial Wellbeing * Delivery plans for England, Wales, Scotland and Northern Ireland

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-db530542-4e29-4477-b9d4-83c87ae9205f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f726904b-bc9b-439e-8580-c8d55e772291
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

73 - Research and development services and related consultancy services

80 - Education and training services


CPV Codes

66152000 - Financial market regulatory services

73110000 - Research services

80100000 - Primary education services

80200000 - Secondary education services

Notice Value(s)

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

Notice Dates

Publication Date
13 May 20223 years ago
Submission Deadline
Not specified
Future Notice Date
9 Jun 2022Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

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
Post Town
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

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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