---
title: "Internal Audit Support - No Interest Loan Scheme"
ocid: "ocds-h6vhtk-03009e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03009e"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03009e.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03009e.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "FAIR4ALL FINANCE LIMITED"
published: "2021-12-13"
---

# Internal Audit Support - No Interest Loan Scheme

Buyer: FAIR4ALL FINANCE LIMITED  
Current stage: Tender  
OCID: ocds-h6vhtk-03009e

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## Summary

Fair4All Finance Limited is currently conducting a procurement process for internal audit support related to its No Interest Loan Scheme (NILS). This open tender, classified under CPV code 79212000 for Auditing services, is active and is set to close for submissions on 21st January 2022. The contract is valued at £73,000 and will cover a duration of 1800 days, with potential renewals depending on the future of the NILS. The successful partner will work closely with Fair4All Finance to ensure compliance with various funding agreements linked to the scheme, which will roll out across six locations in the UK, including parts of England, Wales, Northern Ireland, and Scotland, with operations expected to commence around September 2022.

This procurement presents an excellent opportunity for businesses in the auditing and financial compliance sector to expand their client base. Companies specialising in internal audit services, particularly those with experience working under similar funding arrangements or those familiar with governmental compliance protocols, would be well-suited to compete for this tender. Firms that can demonstrate their capability to manage multi-party funding agreements and adapt to the unique needs of Fair4All Finance will find this tender particularly beneficial for their growth strategy.

## Notice

Fair4All Finance is seeking a provider to deliver internal audit support to ensure that our delivery of the No Interest Loans Scheme (NILS) is compliant with the various funding agreements we enter into to finance the scheme. Fair4All Finance is procuring internal audit support to enable us to appoint a partner who can work with us to implement appropriate mechanisms to manage the funds we receive to deliver the NILS pilot in compliance with the various agreements. Our requirement for this work arises out of the multi-party funding arrangements for NILS, the principal contributor to which is Treasury (HMT) and where contributions are also expected from the Devolved Administrations, and, potentially, from other co-funders. We have commenced a market engagement on our plans for ahead of formally procuring this scheme from November 2021 with lending commencing in approximately September 2022 across six locations in England (three); Wales, Northern Ireland and Scotland. NILS product development is already underway and we have a small scale proof of concept (POC) also commencing delivery in December 2021 / January 2022. Further information is contained within the Procurement information available from the Fair4All Limited website.

### Lot Information

Lot 1

Please see tender documents

Renewal: Renewals will depend on the future of NILS

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/031015-2021 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Dec 2021 |
| Submission deadline | 21 Jan 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £73,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Active |
| 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

- 79212000 - Auditing services

## Release History

- 13 Dec 2021 at 17:23 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/031015-2021

## Notice URLs

- http://www.fair4allfinance.org.uk
- https://fair4allfinance.org.uk/invitations-to-tender/

## 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-h6vhtk-03009e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03009e.json.