---
title: "CA10568 - Revolving Credit Facility"
ocid: "ocds-b5fd17-d9705df1-e5d6-4770-9269-615cee853817"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-d9705df1-e5d6-4770-9269-615cee853817"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-d9705df1-e5d6-4770-9269-615cee853817.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-d9705df1-e5d6-4770-9269-615cee853817.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NEW CITY COLLEGE"
published: "2022-08-25"
---

# CA10568 - Revolving Credit Facility

Buyer: NEW CITY COLLEGE  
Current stage: Award  
OCID: ocds-b5fd17-d9705df1-e5d6-4770-9269-615cee853817

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## Summary

New City College has awarded a contract for the provision of Credit granting services to SANTANDER CORPORATE & INVESTMENT BANKING. The tender titled "CA10568 - Revolving Credit Facility" aimed to set up a short term lending facility in the value range of £5M to £10M. The procurement process was an Open procedure initiated on 2022-08-25, with tender closing on 2022-06-10. The contract period is set to start on 2022-11-01 and end on 2025-10-31. The location for this tender is in Tower Hamlets, E14 0AF, England.

This tender opportunity can be beneficial for businesses in the financial and insurance services sector, specifically those providing credit granting services. Small and medium-sized enterprises (SMEs) are well-suited to compete, given the suitability preference indicated in the tender documentation. New City College's requirement opens doors for businesses looking to engage in short term lending facilities, making it an opportunity for strategic growth and partnership with an educational institution.

## Notice

NCC wishes to set up a short term lending facility in the form of a revolving credit facility In the range PS5M to PS10M, to provide cash cover to support NCC's working capital and Short term investment requirements. The facility is required for a period of up to five years. To access this competition: Registered: Login to https://suppliers.multiquote.com and view the opportunity CA10568. Not registered: Visit https://suppliers.multiquote.com then register and quote CA10568 as the reason for registration. Any queries please contact MultiQuote on 0151 482 9230.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9107832f-461c-4d57-bfa9-9b54f6c2c34e |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Aug 2022 |
| Submission deadline | 10 Jun 2022 |
| Future notice date | Not specified |
| Award date | 24 Aug 2022 |
| Contract period | 1 Nov 2022 - 31 Oct 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £300,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NEW CITY COLLEGE |
| Locality | TOWER HAMLETS |
| Post town | East London |
| Postcode | E14 0AF |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Poplar |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | SANTANDER CORPORATE & INVESTMENT BANKING |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66113000 - Credit granting services
- 66113100 - Micro-credit granting services

## Release History

- 25 Aug 2022 at 10:36 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9107832f-461c-4d57-bfa9-9b54f6c2c34e

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9107832f-461c-4d57-bfa9-9b54f6c2c34e
  25th August 2022 - Awarded contract notice on Contracts Finder

## Notice URLs

- https://suppliers.multiquote.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-d9705df1-e5d6-4770-9269-615cee853817. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-d9705df1-e5d6-4770-9269-615cee853817.json.