This public procurement record has 1 release in its history.

Award

15 Jun 2026 at 08:19

Summary of the contracting process

The procurement process initiated by South Tyneside Borough Council for an "Early Payment Scheme" in the financial and insurance services industry is at the award and contract stage. The scheme, which is classified under CPV code 66000000, intended for services, involves a direct award from the NEPO521 Early Payment Scheme Framework. The procurement location is UKC22, covering regions managed by South Tyneside Borough Council with contract signing completed on 11th June 2026. This tender employed a limited procurement method, specifically an award procedure without prior publication of a call for competition, as it falls outside the scope of the directive application.

This contract offers substantial opportunities for businesses specialising in financial and insurance services, especially small and medium-sized enterprises (SMEs) like Oxygen Finance Limited, the successful supplier. Companies with expertise in delivering early payment schemes can leverage this opportunity to enhance their market presence within the regional authority's operational area. Businesses in financial services seeking growth through regional authority contracts will find this tender a potential pathway to consolidating their operations by fulfilling public sector requirements effectively. The contract's award underscores the potential for businesses that can provide bespoke, efficient financial solutions across similar public procurement projects.

How relevant is this notice?

Notice Title

Early Payment Scheme

Notice Description

Provision of an early payment scheme

Procurement Information

Direct award from NEPO521 Early Payment Scheme Framework

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06b490
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/055983-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,858,075 £1M-£10M

Notice Dates

Publication Date
15 Jun 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 Jun 20262 weeks 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
SOUTH TYNESIDE BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SOUTH SHIELDS
Postcode
NE33 2RL
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC22 Tyneside

Local Authority
South Tyneside
Electoral Ward
Beacon and Bents
Westminster Constituency
South Shields

Supplier Information

Number of Suppliers
1
Supplier Name

OXYGEN FINANCE

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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