--- title: "PS22384 - FCA Registration - ITQ" ocid: "ocds-b5fd17-a373d363-add5-463e-bff1-4368c9478a57" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a373d363-add5-463e-bff1-4368c9478a57" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a373d363-add5-463e-bff1-4368c9478a57.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-a373d363-add5-463e-bff1-4368c9478a57.json" source: "Contracts Finder" current_stage: "Tender" buyer: "DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY" published: "2022-10-27" --- # PS22384 - FCA Registration - ITQ Buyer: DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY Current stage: Tender OCID: ocds-b5fd17-a373d363-add5-463e-bff1-4368c9478a57 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-a373d363-add5-463e-bff1-4368c9478a57) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-a373d363-add5-463e-bff1-4368c9478a57.json) ## Summary The Department for Business, Energy & Industrial Strategy has initiated a tender process for legal advisory and representation services under the title "PS22384 - FCA Registration - ITQ". The procurement stage is currently active, and the final submission deadline for bids is set for Friday, 4th November 2022 at 11:00 GMT. The contract period is scheduled to start on 14th November 2022 and end on 31st March 2023. This opportunity falls under the services category and has a value of £75,000 GBP. This tender by the Department for Business, Energy & Industrial Strategy presents an opportunity for legal advisory and information service providers to bid for supplying advice and support related to the regulatory status and compliance functions of the Innovation Loans programme. Businesses in the legal advisory and representation services industry, particularly those with experience in providing financial regulatory advice, are well-suited to compete for this contract. Interested SMEs looking to expand their services in the public sector should consider participating in this tender process before the deadline on Friday, 4th November 2022. ## Notice The final date and time for the submission of bids is Friday 4th November 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/d3befd82-9b70-4618-86dc-a2b6e708612b | | 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 | 27 Oct 2022 | | Submission deadline | 4 Nov 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 14 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 - 27 Oct 2022 at 09:26 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/d3befd82-9b70-4618-86dc-a2b6e708612b - 26 Oct 2022 at 14:32 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/d3befd82-9b70-4618-86dc-a2b6e708612b ## Documents - https://www.contractsfinder.service.gov.uk/Notice/d3befd82-9b70-4618-86dc-a2b6e708612b 27th October 2022 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/ee727c65-9f69-481e-80e4-055cb8447c65 n/a - https://www.contractsfinder.service.gov.uk/Notice/Attachment/9904f8f3-17d9-4dc6-80d6-267aaefec3c9 n/a - https://www.contractsfinder.service.gov.uk/Notice/Attachment/92001fa6-d035-4454-9779-46da77799da8 n/a - https://www.contractsfinder.service.gov.uk/Notice/Attachment/ab2eeebd-87fe-479e-b15d-83474ca95d94 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-a373d363-add5-463e-bff1-4368c9478a57. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a373d363-add5-463e-bff1-4368c9478a57.json.