Award

Investment in Charitable Bonds

SCOTTISH GOVERNMENT

This public procurement record has 1 release in its history.

Award

16 Nov 2022 at 08:48

Summary of the contracting process

The Scottish Government has recently awarded a contract for "Investment in Charitable Bonds" under the services category. This initiative aims to support the third sector in Scotland, specifically focusing on affordable housing through the Affordable Housing Supply Programme. The procurement process, led by the Scottish Government, was conducted through an open procedure, and the contract was awarded to Allia C&C. The contract value is £2,362,500, signed on 4th October 2022, providing opportunities for businesses in financial markets administration and loan brokerage services, particularly those with experience in service delivery, skills, and investment management.

This tender by the Scottish Government presents an opportunity for businesses in the financial services sector to engage in promoting limited recourse bonds and supporting affordable housing development in Scotland. The procurement criteria emphasise service delivery, skills and expertise, organisation robustness, and community benefits. Businesses with a focus on quality service delivery and experience in financial markets administration services are well-suited to compete in this tender. The procurement process has now reached the award stage, where Allia C&C has been selected as the contractor to facilitate the Investment in Charitable Bonds project.

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Notice Title

Investment in Charitable Bonds

Notice Description

The Scottish Government (SG) is committed to supporting the third sector in Scotland. The third sector has a direct impact on the growth of Scotland's economy, the wellbeing of its citizens and the improvement of its public services. The supply of affordable housing as set out in the Housing to 2040 Strategy is a high priority for the SG and Charitable Bonds contribute to the Affordable Housing Supply Programme through both the provision of loan finance to Regional Social Landlords (RSLs) and the distribution of Charitable Donations.

Lot Information

Lot 1

The successful Contractor will issue and promote limited recourse bonds open for investment by Scottish Ministers., Upon the Bonds' maturing (following a fixed term of between five and fifteen years), Subscribers will receive back their full investment plus a rate of return. The Bonds will allow Subscribers to receive a rate of return on the amount they invest in the Bonds, the rate of return being expressed as total gross interest to be paid on maturity of the Bonds. . A proportion of the money which the SG Invests in the Bonds will be used by the Contractor to fund one or more loans, at a commercial fixed rate of interest (and subject to a single repayment with compound interest over a period matching the term of the bond), to eligible Registered Social Landlords for the purposes of supporting the development of affordable housing in Scotland.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0384cd
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032451-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award 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

75 - Administration, defence and social security services


CPV Codes

66150000 - Financial markets administration services

66190000 - Loan brokerage services

75100000 - Administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£2,362,500 £1M-£10M

Notice Dates

Publication Date
16 Nov 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
3 Oct 20223 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
SCOTTISH GOVERNMENT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 8EA
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
Not specified

Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

ALLIA C&C

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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