---
title: "Junior ISA scheme and Child Trust Funds for children in care and care leavers."
ocid: "ocds-b5fd17-20627de1-e9f7-45ab-af8e-24f6fcb4db8a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-20627de1-e9f7-45ab-af8e-24f6fcb4db8a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-20627de1-e9f7-45ab-af8e-24f6fcb4db8a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-20627de1-e9f7-45ab-af8e-24f6fcb4db8a.json"
source: "Contracts Finder"
current_stage: "Planning"
buyer: "DEPARTMENT FOR EDUCATION"
published: "2020-01-17"
---

# Junior ISA scheme and Child Trust Funds for children in care and care leavers.

Buyer: DEPARTMENT FOR EDUCATION  
Current stage: Planning  
OCID: ocds-b5fd17-20627de1-e9f7-45ab-af8e-24f6fcb4db8a

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## Summary

The Department for Education is preparing to invite tenders for the management of the Junior ISA (JISA) scheme and Child Trust Funds (CTFs) specifically designed for children in care and care leavers. This procurement, classified under social work and related services, is in the planning stage, with the future notice date set for 23rd January 2020. The contract period will commence on 1st April 2020 and conclude on 31st March 2021, with a total estimated value of £323,000. Interested organisations are encouraged to attend a pre-procurement call on the mentioned date to gather further details.

This tender presents a significant opportunity for growth particularly for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations that specialise in financial services and social care. Companies that have experience in managing financial products for young individuals, particularly vulnerable groups, will be well-positioned to compete. The successful contractor will play a critical role in administering JISAs and CTFs, directly impacting the financial well-being of looked after children and care leavers across the UK.

## Notice

The DfE will be inviting tenders for a contractor to manage the Junior ISA (JISA) scheme, and Child Trust Funds (CTFs) for children in care (CiC) and care leavers. The JISA scheme has existed since 2011, when the Coalition Government ceased funding CTFs for all children, but established a new scheme funded and organised by the DfE, to provide children who had been looked after for 12 months with a JISA, through an initial contribution from the Government of PS200. The appointed contractor will ensure eligible children and young people receive the payments due to them through this scheme: by acquiring the necessary data from LAs, opening JISAs for those children, making payments into these JISAs, and providing information about the JISAs opened and payments made to LAs, CiC and their carers. The appointed contractor will be managing the existing 25,800 JISAs; and also responsible for administering 13,700 CTFs of looked after children. The contract may be extended for a maximum of 2 further 1 year terms. Additional information: Organisations interested in this contract are invited to attend a call on Thursday 23rd January 2020. Please use the contact details provided to request joining details.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/aa722c27-91d0-4064-b58a-e0d9b4bae429 |
| Notice type | Planned Procurement Notice |
| Procurement type | Standard |
| Procurement category | Not specified |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | SME, VCSE |
| Awardee scale | Not specified |
| All stages | Planning |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Jan 2020 |
| Submission deadline | Not specified |
| Future notice date | 23 Jan 2020 |
| Award date | Not specified |
| Contract period | 31 Mar 2020 - 31 Mar 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £323,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Planned |
| Lots status | Not specified |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEPARTMENT FOR EDUCATION |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 3BT |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 85 - Health and social work services

### Codes

- 85300000 - Social work and related services

## Release History

- 17 Jan 2020 at 12:46 - Planning - Planned Procurement Notice - https://www.contractsfinder.service.gov.uk/Notice/aa722c27-91d0-4064-b58a-e0d9b4bae429

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/aa722c27-91d0-4064-b58a-e0d9b4bae429
  17th January 2020 - Future opportunity notice on Contracts Finder

## 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-b5fd17-20627de1-e9f7-45ab-af8e-24f6fcb4db8a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-20627de1-e9f7-45ab-af8e-24f6fcb4db8a.json.