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UKRI Loan Administration Services

UK Research and Innovation

This public procurement record has 1 release in its history.

Tender

10 Dec 2021 at 14:06

Tender Notice
Summary of the contracting process

The procurement process is being conducted by UK Shared Business Services Ltd (UK SBS) on behalf of UK Research and Innovation (UKRI) for the title "UKRI Loan Administration Services." This tender falls under the services industry category and is classified as loan brokerage services. The procurement is currently in the active tender stage, with a deadline for submissions set for 18 January 2022. Companies interested in submitting their bids must do so electronically via the Delta eSourcing portal, and active participation requires registration on the portal using the access code AACKPR744U. The total value of the contract is £940,000, and the contract period is expected to last for a total of seven years with potential renewals.

This tender presents significant opportunities for businesses specialising in financial services and loan administration. Organisations with experience in managing loan portfolios, particularly those familiar with the public sector or funding innovative projects, will be well-suited to compete for this contract. The successful provider will be tasked with delivering loan administration services to support the delivery of the Innovation Loans programme, which aims to process up to 500 new loans annually, thereby creating an avenue for service providers to grow their portfolios within a thriving innovation ecosystem in the UK.

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Notice Information

Notice Title

UKRI Loan Administration Services

Notice Description

UK Shared Business Services Ltd (UK SBS) on behalf of UK Research and Innovation (UKRI), wish to appoint a provider who can provide Loan Administration Services UK SBS is managing this procurement in accordance with the Public Contracts Regulations 2015 (as amended from time to time) (the "Regulations"). This is a Services Contract being procured under Open Procedure Regulations. See section I.3) for access to procurement documentation. UK SBS will be using the Delta eSourcing Portal for this procurement. The access code is AACKPR744U.

Lot Information

Lot 1

UK Shared Business Services Ltd (UK SBS) on behalf of UK Research and Innovation (UKRI), wish to appoint a provider who can provide Loan Administration Services. Brief Description of Requirement In 2018 Innovate UK launched Innovation Loans to fund later stage R&D projects with a clear route to commercial success. To date, Innovate UK Loans have committed PS156m (total committed facility) to 183 businesses, supporting 200 new innovation projects. UKRI - Innovate UK Loans Limited is seeking to procure a loan administrator to provide white label services to support the backend delivery of its Innovation Loans programme. The programme is expected to deliver up to 500 new loans/per year, supporting up to 500 new Innovative UK businesses. The aim of procurement is to: - Procure the delivery of reliable and responsive loan administration; - Ensure sufficient resource is dedicated to the administration of Innovation Loans; - The capacity to correctly process up to 500 loans a year A brief summary of the requirement has been provided above, please ensure you review the specification for full details of this requirement. All documents relating to this procurement can be found within the Stage One: Overview Section on the Delta eSourcing Portal. UK SBS is managing this procurement in accordance with the Public Contracts Regulations 2015 (as amended from time to time) (the "Regulations"). This is a Services Contract being procured under Open Procedure Regulations. See section I.3) for access to procurement documentation. UK SBS will be using the Delta eSourcing Portal for this procurement. The access code is AACKPR744U.

Renewal: The contract is to be let on a 5 year + 1 year + 1 year basis - 7 years in total.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02ffe1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030826-2021
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
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66150000 - Financial markets administration services

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

66190000 - Loan brokerage services

Notice Value(s)

Tender Value
£940,000 £500K-£1M
Lots Value
£940,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Dec 20214 years ago
Submission Deadline
18 Jan 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK Research and Innovation
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Postcode Area
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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