Award

Take it away Scheme Credit Provider Contract

CREATIVE SECTOR SERVICES C.I.C.

This public procurement record has 2 releases in its history.

Award

08 Feb 2022 at 21:54

Tender

19 Jan 2021 at 10:26

Summary of the contracting process

The Creative Sector Services C.I.C. is conducting a procurement process for the 'Take it away Scheme Credit Provider Contract' within the financial and insurance services category. The contract, valued at £1,050,000, focuses on providing consumer credit services for purchasing musical instruments and associated goods. The procurement stage is currently active, with a submission deadline set for 19 February 2021, and the contract is intended to be delivered across the UK, particularly in England and Northern Ireland. This initiative aims to offer interest-free loans between £100 and £25,000 to support aspiring musicians, helping to foster musical engagement across different age groups, particularly targeting parents of children under 18 and young adults up to 25 years old.

This tender presents a significant opportunity for financial service providers, especially those with experience in consumer credit and loans, to engage with a community initiative aimed at promoting music education and practice. Companies that specialise in financial services, particularly in interest-free or low-interest loans, as well as those that cater to the musical sector, would be well-positioned to compete. Additionally, businesses that can leverage partnerships with approved musical instrument retailers may find this procurement beneficial for expanding their market reach and service offerings in the UK music industry.

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Notice Title

Take it away Scheme Credit Provider Contract

Notice Description

Provision of consumer credit services for the purchase of musical instruments and related goods.

Lot Information

Lot 1

The Take it away Scheme is a publicly funded initiative designed to make it more affordable for people to get involved in learning and playing music by providing interest free loans of between PS100 and PS25,000 for the purchase of musical instruments, equipment, software any other associated goods or services they may need (such as a block of tuition) in order to get started or further develop their music practice. The public funding invested by Creative United in the delivery of the Scheme primarily focuses on assisting parents over the age of 18 with the purchase of an instrument for a child under the age of 18 ("Under 18s scheme"), and young musicians aged 18-25 who can apply to use the scheme in their own right ("18-25s scheme"). However, the Scheme's overarching remit is to provide support and encouragement to musicians of all ages and abilities, as well as for musical instrument retailers and other organisations across the music sector. The Scheme is open to all qualifying UK residents over the age of 18 (subject to status) and made available via a network of approved musical instrument retailers in England. A variation of the scheme in partnership with the Arts Council of Northern Ireland is available exclusively to Northern Ireland Residents over the age of 18. The principal service required is the provision of Fixed-Sum Loan Agreements (where necessary, regulated by the Consumer Credit Act 1974) for: (a) providing loans to Customers attending a Member Retailer's premises when applying for the loan for the purpose of acquiring musical instruments and related goods, services, and accessories; and (b) Customers acquiring musical instruments and related goods, services and accessories, through remote channels such as e-commerce and/or Mail-Order processes.

Options: A maximum of three (3) 12 month extensions to the agreement are offered under this contract, at the discretion of the contracting authority and subject to performance review.

Renewal: It is anticipated (but not guaranteed) that a new service contract will be procured following the expiry of the contract commencing 1 August 2021.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-028b68
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003637-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£1,050,000 £1M-£10M
Lots Value
£1,050,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£1,000,000 £1M-£10M

Notice Dates

Publication Date
8 Feb 20224 years ago
Submission Deadline
19 Feb 2021Expired
Future Notice Date
Not specified
Award Date
16 Sep 20214 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
CREATIVE SECTOR SERVICES C.I.C.
Contact Name
Mary-Alice Stack
Contact Email
mary-alice.stack@creativeunited.org.uk
Contact Phone
+44 2077591115

Buyer Location

Locality
LONDON
Postcode
WC2R 1LA
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

OMNI CAPITAL RETAIL FINANCE

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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