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Agreement for the Start-Up Loans Company's Post Loan Support Partner services

British Business Bank Plc

This public procurement record has 2 releases in its history.

Award

30 May 2023 at 12:04

Award Notice
Tender

03 Nov 2022 at 10:05

Tender Notice
Summary of the contracting process

The British Business Bank Plc has awarded a contract titled "Agreement for the Start-Up Loans Company's Post Loan Support Partner services" in the services category for education and training services. The procurement process involved selecting a Post Loan Support Partner to provide mentoring and related services to Borrowers of personal loans preparing to start-up or are early-stage businesses across the UK. The contract, valued at GBP 5,300,000, was signed on 25th April 2023 by the supplier Newable Trade (London) Ltd. The contracting process has now been completed.

This tender for the Start-Up Loans Company's Post Loan Support Partner services presents an opportunity for businesses, particularly small or medium enterprises (SMEs), to participate in providing mentoring and support services to borrowers across the UK. Businesses in the education, training, financial, insurance, and banking sectors are well-suited to compete for this opportunity. The procurement method used was an open procedure, with a focus on quality criteria, social value, and evaluated contract value. Interested parties can engage with the British Business Bank Plc for further information on this contract.

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Notice Information

Notice Title

Agreement for the Start-Up Loans Company's Post Loan Support Partner services

Notice Description

The Start-Up Loans Company has conducted a procurement to establish an agreement for a Post Loan Support Partner for the Start Up Loans scheme. The Post Loan Support Partner will be responsible for providing mentoring and related services to Borrowers of personal loans, issued under the Scheme, who are preparing to start-up or are an early-stage business. The Post Loan Support Partner will offer the services to all Borrowers across the whole of the UK.

Lot Information

Lot 1

The Start-Up Loans Company conducted this procurement to establish an agreement for a Post Loan Support Partner for the Start Up Loans scheme. The Post Loan Support Partner will be responsible for providing mentoring and related services to Borrowers of personal loans, issued under the Scheme, who are preparing to start-up or are an early-stage business. The Post Loan Support Partner will offer the services to all Borrowers across the whole of the UK.

Renewal: A maximum of two extensions of up to 12-months (i.e. a maximum extension period of up to 24 months). Further details in the contract documents.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-037e98
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015246-2023
Current Stage
Award
All Stages
Tender, Award

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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

80 - Education and training services

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

66110000 - Banking services

80000000 - Education and training services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
£5,000,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£5,300,000 £1M-£10M

Notice Dates

Publication Date
30 May 20233 years ago
Submission Deadline
7 Dec 2022Expired
Future Notice Date
Not specified
Award Date
25 Apr 20233 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
British Business Bank Plc
Additional Buyers

The Start-Up Loans Company

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Postcode Area
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

Newable Trade (London) Ltd

Further Information

Open Contracting Data Standard (OCDS)

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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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