Award

Investment in Charitable Bonds

SCOTTISH GOVERNMENT

This public procurement record has 2 releases in its history.

Award

16 Nov 2022 at 00:00

Tender

25 Jul 2022 at 00:00

Summary of the contracting process

The Scottish Government has awarded a contract for "Investment in Charitable Bonds" under the procurement stage of award. The procurement was conducted through an open procedure, with a total contract value of £2,362,500. The buying organisation is the Scottish Government, located in Glasgow. The industry category is services, with the procurement focused on the supply of affordable housing in Scotland. The key date for this contract was the signing date on 4th October 2022.

This tender for "Investment in Charitable Bonds" by the Scottish Government provides business growth opportunities for suppliers, especially those involved in finance, housing, and social services sectors. The procurement aims to support the third sector in Scotland by providing loan finance to Regional Social Landlords for affordable housing development. Businesses capable of handling large-scale projects and complying with specific financial and insurance requirements are well-suited to compete for this contract. The procurement method used was an open procedure, creating a level playing field for interested suppliers.

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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-r6ebe6-0000695107
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV464419
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract 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
£3,500,000 £1M-£10M
Lots Value
£3,500,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£2,362,500 £1M-£10M

Notice Dates

Publication Date
16 Nov 20223 years ago
Submission Deadline
2 Sep 2022Expired
Future Notice Date
Not specified
Award Date
4 Oct 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Not Specified
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
SCOTTISH GOVERNMENT
Contact Name
Douglas Martin, Stuart Riach
Contact Email
douglas.martin@gov.scot, stuart.riach2@gov.scot
Contact Phone
+44 1412420478

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

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL454623
    Investment in Charitable Bonds - 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.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV464419
    Investment in Charitable Bonds - 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.

Open Contracting Data Standard (OCDS)

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