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Agreements for the Start-Up Loans Company's National Business Support Partner services

The Start-Up Loans Company

This public procurement record has 2 releases in its history.

Award

31 May 2023 at 19:04

Award Notice
Tender

23 Jan 2023 at 19:05

Tender Notice
Summary of the contracting process

The Start-Up Loans Company has completed the procurement process to establish agreements for National Business Support Partners for the Start-Up Loans scheme. The contracts cover the whole of the UK and have an initial term of 24 months with potential extensions. The procurement method used was an open procedure. The buyer, The Start-Up Loans Company, awarded the contracts to suppliers Virgin Start Up and Biz Britain on 30th May 2023.

This procurement opportunity offers businesses the chance to provide credit broking services for personal loans to individuals starting or growing early-stage businesses in the UK. Companies specializing in financial services, particularly credit broking, would be well-suited to compete in this tender. The contracts involve a significant value, creating opportunities for SMEs interested in providing such services. Interested businesses should ensure compliance with the required criteria and deadlines specified in the procurement documents.

How relevant is this notice?

Notice Information

Notice Title

Agreements for the Start-Up Loans Company's National Business Support Partner services

Notice Description

The Start-Up Loans Company has conducted a procurement to establish two agreements for National Business Support Partners for the Start Up Loans scheme. Business Support Partners will be responsible for providing credit broking services for personal loans for applicants who are preparing to start-up or are an early-stage business. National Business Support Partners will cover the whole of the UK. Each contract is for an initial term of 24-months, with a maximum of two extensions of up to 12-months each available (i.e. a maximum extension period of up to 24 months).

Lot Information

Lot 1

Credit broking services for personal loans (Start Up Loans) for individuals to start or grow an early stage business in 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-0399ef
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015473-2023
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66190000 - Loan brokerage services

Notice Value(s)

Tender Value
£7,680,000 £1M-£10M
Lots Value
£7,680,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£6,150,000 £1M-£10M

Notice Dates

Publication Date
31 May 20233 years ago
Submission Deadline
1 Mar 2023Expired
Future Notice Date
Not specified
Award Date
30 May 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
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
2
Supplier Names

Biz Britain

Virgin Start Up

Further Information

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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