--- title: "No Interest Loan Scheme Pilot Evaluation and other financial inclusion project evaluation support" ocid: "ocds-b5fd17-30a89321-d348-4bea-869c-d4f494cecc7e" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-30a89321-d348-4bea-869c-d4f494cecc7e" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-30a89321-d348-4bea-869c-d4f494cecc7e.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-30a89321-d348-4bea-869c-d4f494cecc7e.json" source: "Contracts Finder" current_stage: "Tender" buyer: "FAIR4ALL FINANCE LIMITED" published: "2022-07-25" --- # No Interest Loan Scheme Pilot Evaluation and other financial inclusion project evaluation support Buyer: FAIR4ALL FINANCE LIMITED Current stage: Tender OCID: ocds-b5fd17-30a89321-d348-4bea-869c-d4f494cecc7e [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-30a89321-d348-4bea-869c-d4f494cecc7e) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-30a89321-d348-4bea-869c-d4f494cecc7e.json) ## Summary Fair4All Finance Limited is initiating a tender for the "No Interest Loan Scheme Pilot Evaluation and other financial inclusion project evaluation support" in the United Kingdom. The procurement process is currently in the Tender stage, with the deadline for submissions set for 12th September 2022. The budget for this project ranges from £200,000 to £880,000, and the evaluation is intended to assess the implementation and impact of the No Interest Loan Scheme aimed at supporting financially excluded individuals. The procurement method employed is a selective procedure above the threshold, and the contract period is scheduled from 1st November 2022 to 30th April 2026. This tender presents significant growth opportunities for businesses involved in evaluation consultancy services, particularly those that specialise in social and economic impact assessments. Companies with experience in conducting reviews and engaging with vulnerable communities will be well-suited to compete. As the evaluation requires a collaborative approach, firms may consider forming consortiums to leverage a diverse range of expertise necessary for delivering the comprehensive assessment of the NILS programme's efficacy and sustainability. ## Notice The procurement documents will be available on Friday 29th July (or early w/c 1 August, subject to sign off).Fair4All Finance is looking to appoint a provider (or a prime contractor with consortium partners - i.e. two or more organisations working together) to deliver a process and impact evaluation of the core No Interest Loan Scheme (NILS) pilot which is aimed at supporting people in vulnerable circumstances who are financially excluded or underserved- please refer to the additional information pack for background which can be obtained from Georgia Kewley at email address: georgia@fair4allfinance.org.uk There may also be additional budget available to cover a subsequent evaluation of the ramping up of scale for NILS and the piloting of other products in response to the cost of living crisis, and /or additional evaluations required for other unrelated Fair4All Finance programmes and so we are also seeking some flexibility during this procurement to commission additional work through the appointed partner(s) in a framework type model. The budget range for this tender could therefore be between PS200k to PS880k. Our experience would suggest that delivering the three core NILS core pilot evaluation components (1. Process, 2. Social impact & 3. Economic impact including the cost / benefit analysis of distinct delivery models) will require a wide range of experience and expertise, and therefore that a consortium approach may be the most likely outcome of this tender. We envisage that the three evaluation components will collate into an overall assessment of the effectiveness of the NILS delivery. This assessment will balance the cost and efficiency elements - per the process evaluation - with the social impact and economic impact elements, to assess the overall viability of the no-interest loan construct. Our core hypothesis is that the positive impact exceeds the cost element; we would like the overall evaluation to robustly test this. The evaluations should also assess whether NILS works for, and what its value and impacts are on the key audiences: the borrowers (people in vulnerable circumstances some of whom are underserved or financially excluded, lenders (community lenders including Credit Unions and Community Development Finance Institutions (CDFIs) as well as commercial lenders, funders (including HMT, devolved administrations and JP Morgan), referral partners (including local authorities and Housing Associations) and wider society. We are open to providers proposing the methodology they plan to use to meet the aims and objectives of this work, but we anticipate that it will comprise the following principles: Continued under: Additional Text Section Additional information: We are open to providers proposing the methodology they plan to use to meet the aims and objectives of this work, but we anticipate that it will comprise the following principles: Process evaluation The process evaluation should analyse the efficiency, effectiveness and suitability of the NILS pilot processes (including design, set up, delivery, referrals and performance) in order to identify improvements that can be made during the pilot, and test whether there is way to build a long-term, sustainable, permanent solution. Financial services evaluation work specific on loan or other relevant financial services products will be essential. Borrower perspectives on the NILS experience will be crucial and therefore bidders will need to demonstrate strong qualitative techniques engaging with people in vulnerable circumstances. Impact evaluation We expect the impact evaluation to have two key elements - a social impact review and an economic impact review. Social impact evaluation The social impact evaluation should assess if there are positive customer benefits resulting from the NILS loans, as delivered by the 5-7 lenders involved in the pilot. We would expect this to consider both qualitative and quantitative evidence and seek to answer at least the following questions: What impact - if any - does access to a NILS product have on financial wellbeing and resilience for low-income households currently excluded from access to mainstream or affordable credit? What is the short and long term impact? What are customers able to do having accessed a NILS loan which they wouldn't otherwise be able to; has it enabled them to access more mainstream financial products and services? What are the impacts outside of a customer's initial financial position - on their wider life, mental health, physical health, their children's wellbeing, their employment/education/training situation, their housing situation? Economic impact evaluation The economic impact evaluation should assess whether there are wider societal benefits generated as a result of the NILS scheme, such as changes in employability and economic activity, income, physical and mental health, and ability to engage in society, eg avoiding benefit uptake, and may result in findings that the NILS scheme generated a PSX cost saving for society. To support this evaluation we will have data about the actual cost of delivery through the open book accounting arrangements we have with lenders and require a cost benefit analysis to examine the optimal delivery model reflecting on the range of models we are testing in this pilot with varying degrees of automation and borrower support. NILS core pilot evaluation timelines The evaluation will run alongside three proposed waves of lending. The pauses between each wave will allow for a review of learnings through an interim report, which will inform any changes to the pilot ahead of the subsequent wave. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c83db01b-446d-47a9-b3ea-d70dbb179ee2 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Restricted procedure (above threshold) | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 25 Jul 2022 | | Submission deadline | 12 Sep 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Nov 2022 - 30 Apr 2026 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £880,000 | | 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 - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79419000 - Evaluation consultancy services ## Release History - 25 Jul 2022 at 11:28 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/c83db01b-446d-47a9-b3ea-d70dbb179ee2 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/c83db01b-446d-47a9-b3ea-d70dbb179ee2 25th July 2022 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/33ca21bd-f947-4200-b1df-6be92e7bfc72 Full published Contract Notice for this project ## 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-b5fd17-30a89321-d348-4bea-869c-d4f494cecc7e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-30a89321-d348-4bea-869c-d4f494cecc7e.json.