--- title: "PS22311 - FCA Registration - ITQ" ocid: "ocds-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b.json" source: "Contracts Finder" current_stage: "Tender" buyer: "DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY" published: "2022-10-25" --- # PS22311 - FCA Registration - ITQ Buyer: DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY Current stage: Tender OCID: ocds-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b.json) ## Summary The Department for Business, Energy & Industrial Strategy has issued a tender titled "PS22311 - FCA Registration - ITQ" for legal advisory and representation services. The procurement stage is currently active, with a final submission deadline of Monday 24th October 2022 at 11:00. The contracting authority is seeking a provider to supply professional advice and support around regulatory compliance functions for Innovate UK Loans Limited. The contract period is scheduled from 4th November 2022 to 31st March 2023 under an open procedure (below threshold). This tender opportunity presents a chance for businesses in the legal advisory and information services sector to compete for a contract with the Department for Business, Energy & Industrial Strategy. Small and medium-sized enterprises (SMEs) would be well-suited to participate in this tender due to the highlighted suitability for SME engagement. The opportunity offers growth potential for businesses looking to provide specialised expertise in regulatory compliance and advisory services within the specified contract period. ## Notice *** The procurement procedure did not result in a contract award as no suitable bids were received. *** The final date and time for the submission of bids is Monday 24th October 2022 at 11:00 DO NOT apply directly to the buyer. All tender information MUST be submitted through the Jaggaer eSourcing Portal. Brief Description of Requirement Innovate UK Loans Limited (IUKL) is a special purpose vehicle established in February 2018 to deliver the Innovation Loans programme, a subsidised finance product aimed at single SMEs undertaking later stage research and development activities with a clear route to commercial success. IUKL is a wholly owned subsidiary or UK Research and Innovation, a non-departmental public body sponsored by the Department for Business, Energy and Industrial Strategy (BEIS). Functionally, IUKL sits within Innovate UK, a council of UKRI, making use of a mix of IUK's core systems and processes and its own bespoke solutions. From a regulatory perspective, IUKL has relied to date on a business lending exemption and the outsourcing of its lending administration (making and collecting payments, interest calculations, KYC and AML etc.) to a third party provider, regulated by the FCA. However, as Innovation Loans moves from pilot to BAU, it is exploring its evolving business model and seeking professional advice and support around its regulatory status and related compliance functions. This procurement seeks a provider to supply that advice and support. Please ensure you review all attached information to ensure a full understanding of this requirement. All attachments can be found with the Supplier Attachments tab within the Jaggaer eSourcing Portal. This contract will be awarded based on the evaluation criteria as set out in the ITQ document. How to Apply UK Shared Business Services Ltd (UK SBS) will be using the Jaggaer eSourcing Portal for this procurement. To register on the Jaggaer eSourcing portal please use the link https://beisgroup.ukp.app.jaggaer.com/ and follow the instructions to register as a supplier. If you are already registered on the Jaggaer eSourcing Portal and wish to participate in this procurement, please use the link: https://beisgroup.ukp.app.jaggaer.com/. Once you are logged into the system you will be able to locate the Procurement you wish to leave a bid on by clicking the ITTs Open to All Suppliers and searching for the reference number PS22311 ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0d865b33-2736-493f-b9c2-53c56e4d3061 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 25 Oct 2022 | | Submission deadline | 24 Oct 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 4 Nov 2022 - 31 Mar 2023 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £75,000 | | 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 | DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY | | Locality | SWINDON | | Post town | Swindon | | Postcode | SN2 1FF | | Country | England | | ITL 1 | TLK South West (England) | | ITL 2 | TLK7 Gloucestershire and Wiltshire | | ITL 3 | TLK71 Swindon | | Local authority | Swindon | | Electoral ward | Rodbourne Cheney | | Westminster constituency | Swindon North | | Delivery location | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79110000 - Legal advisory and representation services - 79131000 - Documentation services - 79132000 - Certification services - 79140000 - Legal advisory and information services ## Release History - 25 Oct 2022 at 21:54 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/0d865b33-2736-493f-b9c2-53c56e4d3061 - 9 Oct 2022 at 17:39 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/0d865b33-2736-493f-b9c2-53c56e4d3061 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/0d865b33-2736-493f-b9c2-53c56e4d3061 25th October 2022 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/737d966b-aa46-467d-96b3-3466de9cfe91 n/a - https://www.contractsfinder.service.gov.uk/Notice/Attachment/db66c5b2-a812-4e58-a0b2-210d06e4f620 n/a - https://www.contractsfinder.service.gov.uk/Notice/Attachment/297f5f91-81f5-420d-aaad-1c0ae00d7ad5 n/a - https://www.contractsfinder.service.gov.uk/Notice/Attachment/22b69020-919e-416d-acc2-6d57bb548ea6 n/a ## Notice URLs - https://beisgroup.ukp.app.jaggaer.com/ ## 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-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2760b576-08dc-419e-a508-c7d443b2895b.json.