--- title: "Innovate UK PS17179 Loans Administration Service" ocid: "ocds-b5fd17-89b4575f-033f-4fe8-bbfb-8ce94eb43dce" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-89b4575f-033f-4fe8-bbfb-8ce94eb43dce" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-89b4575f-033f-4fe8-bbfb-8ce94eb43dce.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-89b4575f-033f-4fe8-bbfb-8ce94eb43dce.json" source: "Contracts Finder" current_stage: "Tender" buyer: "UK SHARED BUSINESS SERVICES LIMITED" published: "2018-04-04" --- # Innovate UK PS17179 Loans Administration Service Buyer: UK SHARED BUSINESS SERVICES LIMITED Current stage: Tender OCID: ocds-b5fd17-89b4575f-033f-4fe8-bbfb-8ce94eb43dce [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-89b4575f-033f-4fe8-bbfb-8ce94eb43dce) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-89b4575f-033f-4fe8-bbfb-8ce94eb43dce.json) ## Summary Innovate UK, through UK Shared Business Services Limited, is conducting a tender for the "Innovate UK PS17179 Loans Administration Service" aimed at providing loan administration support for its new Innovation Loans programme. The procurement process is currently in the planning stage, with a deadline for submissions set for 18 October 2017. The contract period is expected to commence on 8 November 2017 and last until 30 April 2023. This procurement falls under the category of administration services within the public sector and utilizes an open procedure method suitable for below-threshold contracts. The location for services delivery is in Swindon, England. This tender presents significant opportunities for businesses specialising in loan administration services, particularly those with experience in managing third-party portfolios and regulatory compliance. Companies that can demonstrate robust systems for loan processing, repayment collection, and performance reporting will be well-positioned to compete. The programme is anticipated to facilitate lending of up to £50 million to between 100 and 200 innovative enterprises in the UK, making this a substantial opportunity for SMEs and voluntary, community, and social enterprises that can bring innovative solutions to loan management and secure data sharing. ## Notice '*** This tender requirement was abandoned prior to a Contract award decision. ***' *Please do not respond directly to the buyer. All communications and bids should be submitted through the CCS E-Sourcing portal* Innovate UK is seeking to procure a loan administrator to provide white label services to support the backend delivery of its new Innovation Loans programme during the pilot deployment phase (24 months from 1 April 2018). The programme is expected to deliver up to PS50m lending to around 100-200 innovative UK businesses in this period. The aim of the procurement is to: * Procure the delivery of reliable and responsive loan administration; * Ensure sufficient resource is dedicated to the administration of Innovation Loans in the pilot period Innovation Loans expects to make the first loan commitments in February/March 2018 in advance of first drawdowns after 1 April 2018. In advance of this, the Lending Administrator will be expected to: * Negotiate contractual arrangements and establish SLAs; * Support the development of processes that ensure the proper management and protection of public money; and * Establish systems and processes (tested in BETA) ahead of go-live (1st April 2018) * Administration to facilitate the issuing of loans (Phase One: 1st April 2018 to 30th April 2020) * Administration for the collection of repayments on loans (Phase two: 1st May 2020 to 30th April 2020 The Requirement: Innovate UK is seeking to appoint a Loan Administrator to support the deployment period of its Innovation Loans pilot. Proposals are invited from institutions that can demonstrate: * The ability to administer a portfolio of loans on behalf of a third party; * All appropriate regulatory approvals for administering a third-party portfolio (off balance sheet); * Suitable and established systems for making and recovering loans, fees and interest and for reconciling payments received; and * The ability to generate and securely maintain and share current portfolio data with Innovate UK on portfolio performance at regular intervals and/or in response to ad hoc requests Providers able to provide a secure, shared environment that allows for live (or overnight) updating of loan performance, accessible by the Innovation Loans team, are also likely to be welcomed. Additional information: UK Shared Business Services eSourcing As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements. If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so. Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing expressionofinterest@crowncommercial.gov.uk Your email must clearly state: the name and reference for the procurement you wish to register for; the name of the registered Bidder; and the name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite. The registered user will receive a notification email to alert them once this has been done. The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the Specification documents within Contracts Finder. As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information. For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk : Telephone: 0345 010 3503 Training documents to support Bidders utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7733f8e2-917e-41ab-9100-c50f9a770ee4 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 4 Apr 2018 | | Submission deadline | 18 Oct 2017 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 8 Nov 2017 - 30 Apr 2023 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | 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 | UK SHARED BUSINESS SERVICES LIMITED | | 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 - 75 - Administration, defence and social security services ### Codes - 75100000 - Administration services ## Release History - 4 Apr 2018 at 09:24 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/7733f8e2-917e-41ab-9100-c50f9a770ee4 - 5 Oct 2017 at 14:53 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/7733f8e2-917e-41ab-9100-c50f9a770ee4 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/7733f8e2-917e-41ab-9100-c50f9a770ee4 4th April 2018 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/91bb941d-0319-47a9-9872-c14ebe65993c PS17179 ITQ Invitation to Quote questions - https://www.contractsfinder.service.gov.uk/Notice/Attachment/65f71ded-5fbd-40a0-9d6e-73f13c0ef269 PS17179 ITQ Invitation to Quote - https://www.contractsfinder.service.gov.uk/Notice/Attachment/a6530b8a-9da3-43f2-83f3-1783afc8cdb6 PS17179 AW5.2 Pricing Schedule - https://www.contractsfinder.service.gov.uk/Notice/Attachment/5ed1f5c3-a2d7-4da3-a043-ffb8ef552be6 PS17179 S1 - Services purchasing contract ## Notice URLs - https://gpsesourcing.cabinetoffice.gov.uk ## 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-b5fd17-89b4575f-033f-4fe8-bbfb-8ce94eb43dce. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-89b4575f-033f-4fe8-bbfb-8ce94eb43dce.json.