Award

Home Improvement Loans

MID DEVON DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Award

29 Jul 2025 at 10:00

Summary of the contracting process

The procurement process initiated by Mid Devon District Council involves the "Home Improvement Loans" contract, focusing on the provision of home improvement loans via the Devon Consortium. This tender falls under the services category, specifically loan brokerage services, and takes place in the UKK4 region of the United Kingdom. The procurement was conducted using a direct method, below the threshold, and without competition. The process has progressed to the award stage and is now complete, with the contract being signed on 30th March 2025 and set to run from 1st April 2025 to 31st March 2028. The main supplier selected for this project is Lendology CIC, a large-scale social enterprise that is also a voluntary, community, and social enterprise organisation (VCSE).

This tender presents significant opportunities for businesses involved in financial services, particularly those specialising in loan brokerage. The contract, valued at £45,000 net, with a gross amount of £54,000, offers a stable revenue stream over a three-year period. Companies with expertise in credit-regulated activities and a focus on social enterprise lending might find this tender particularly beneficial. Additionally, businesses that are capable of operating within the regulatory frameworks set forth by the Financial Conduct Authority will be most suited to compete for similar contracts in future tendering processes administered by local government councils.

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Notice Title

Home Improvement Loans

Notice Description

Provision of Home Improvement Loans through Devon Consortium on behalf of Mid Devon District Council. Act as social enterprise lender that are authorised by the Financial Conduct Authority for credit regulated activities

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0567d4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/043764-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66190000 - Loan brokerage services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£45,000 Under £100K

Notice Dates

Publication Date
29 Jul 20256 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
MID DEVON DISTRICT COUNCIL
Contact Name
Claire Parker
Contact Email
procurements@middevon.gov.uk
Contact Phone
+441884255255

Buyer Location

Locality
TIVERTON
Postcode
EX16 6PP
Post Town
Exeter
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK4 Devon
Small Region (ITL 3)
TLK43 Devon CC
Delivery Location
Not specified

Local Authority
Mid Devon
Electoral Ward
Tiverton Castle
Westminster Constituency
Tiverton and Minehead

Supplier Information

Number of Suppliers
1
Supplier Name

LENDOLOGY

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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