--- title: "No Interest Loan Scheme proof of concept" ocid: "ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7.json" source: "Contracts Finder" current_stage: "Tender" buyer: "FAIR4ALL FINANCE LIMITED" published: "2021-07-20" --- # No Interest Loan Scheme proof of concept Buyer: FAIR4ALL FINANCE LIMITED Current stage: Tender OCID: ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7.json) ## Summary Fair4All Finance Limited is seeking a delivery partner for a "No Interest Loan Scheme proof of concept" (RFQ 008A), aimed at developing a sustainable loan product to assist financially vulnerable customers. This tender is categorised under research consultancy services and is based in London, England. The tender is currently in the tendering stage, with responses due by 16th August 2021. The estimated value of the contract is £20,000, with a minimum value of £8,000, and the contract period is anticipated to start on 1st September 2021 and conclude on 28th February 2022. The procurement is being conducted through a direct method, classified as a single tender action below threshold. This tender presents significant opportunities for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) involved in research and consultancy services. Businesses that can rapidly develop innovative financial products and adapt collaboratively within a project environment will be especially well-suited to compete for this contract. Engaging in this project could also enhance your enterprise's portfolio and provide valuable insights into the impact of no-interest loan schemes, thus contributing to community well-being. ## Notice Fair4All Finance is teaming up with Toynbee Hall and Fair By Design to deliver a No Interest Loan Scheme (NILS) proof of concept in autumn 2021. The objective of the proof of concept (POC) is to test whether there is a sustainable way to deliver a NILS, and whether the social impact and positive customer outcomes associated with a customer having access to a NILS versus no loan, a high-cost loan or going without outweigh the costs of the required subsidy. We are seeking a delivery partner that can work with the NILS project team (Fair4All Finance, Fair By Design, and Toynbee Hall - see Appendix 1 for more info on each organisation) to implement the proof of concept NILS product quickly, and then work in an agile and collaborative way to test the product, feed back learnings and implement changes to the loan process as required . Full information is available from the Fair4All Finance website, under tender opportunities or click on the links contained within this notice. You will need to respond by clicking on the Response Document link on the website. Additional information: For organisations that have not already been through Fair4All Finance's due diligence process as part of the scale up or Covid grant programmes, you will be required to go through an assessment. You will find a document on the website, please refer to Appendix 4 in the quote request and download the financial information template to complete. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/09f9e09a-1f4b-4a62-8e5c-0a86b4bed66b | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Direct | | Procurement method details | Single tender action (below threshold) | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 20 Jul 2021 | | Submission deadline | 16 Aug 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Aug 2021 - 28 Feb 2022 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £20,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | FAIR4ALL FINANCE LIMITED | | Locality | LONDON | | Post town | East London | | Postcode | E1 6LS | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI42 Tower Hamlets | | Local authority | Tower Hamlets | | Electoral ward | Spitalfields & Banglatown | | Westminster constituency | Bethnal Green and Stepney | | Delivery location | Not specified | ## CPV Codes ### Divisions - 73 - Research and development services and related consultancy services ### Codes - 73210000 - Research consultancy services ## Release History - 20 Jul 2021 at 08:44 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/09f9e09a-1f4b-4a62-8e5c-0a86b4bed66b ## Documents - https://www.contractsfinder.service.gov.uk/Notice/09f9e09a-1f4b-4a62-8e5c-0a86b4bed66b 20th July 2021 - Opportunity notice on Contracts Finder - https://fair4allfinance.org.uk/invitations-to-tender/ ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-10fc8fef-ccbf-49b0-94c1-5301af01bad7.json.