--- title: "Own Art Scheme Credit Provider Contract" ocid: "ocds-h6vhtk-0314cf" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0314cf" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0314cf.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0314cf.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "CREATIVE SECTOR SERVICES C.I.C." published: "2022-02-08" --- # Own Art Scheme Credit Provider Contract Buyer: CREATIVE SECTOR SERVICES C.I.C. Current stage: Tender OCID: ocds-h6vhtk-0314cf [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0314cf) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0314cf.json) ## Summary The Creative Sector Services C.I.C. is actively seeking bids for the "Own Art Scheme Credit Provider Contract," which focuses on providing consumer credit services in the financial and insurance sector. This tender will facilitate interest-free loans for purchasing contemporary art and crafts, targeting a contract value of £1,000,000. The contract is set to start on 1 July 2022 and will last for 24 months, with the possibility of extending for three additional 12-month periods based on performance reviews. Interested bidders must submit their proposals by 14 March 2022. This opportunity is well-suited for financial service providers that specialise in consumer credit, particularly those with experience in managing loans for the arts sector. Businesses that can demonstrate a commitment to supporting first-time buyers and lower-income individuals will find this tender particularly relevant, as the Own Art Scheme aims to enhance accessibility to contemporary art. With the potential to extend services to a wider network of retailers across the UK, there are significant avenues for growth and collaboration within this contracting opportunity. ## Notice Provision of consumer credit services for the purchase of contemporary fine art and craft. ### Lot Information Lot 1 A tender opportunity is offered by Creative Sector Services CIC (trading as Creative United) for the provision of consumer credit services for the Own Art Scheme commencing 1 July 2022 for a period of 24 months, with provision for Creative United to extend the contract for three further periods of 12 months (subject to performance review in accordance with the terms and conditions of contract). The Own Art Scheme is a publicly funded initiative designed to make buying contemporary art and craft more accessible by providing interest free loans for the purchase of works of art by living artists. The public funding invested by Creative United in the delivery of the Scheme primarily focuses on stimulating and diversifying market demand for contemporary art and craft, with a particular focus on supporting first time buyers and those on lower incomes. The Scheme is open to all qualifying UK residents over the age of 18 (subject to status) and made available via a network of approved galleries, museums and other organisations in England, Scotland and Northern Ireland. The awarded contract would cover the provision of the Scheme through the network of retailers in England, Scotland and Northern Ireland. The opportunity may also exist for the Scheme to be extended to include a network of retailers in Wales subject to the agreement and financial support of their respective Arts Councils or other funders. Options: A maximum of three (3) 12 month extensions to the agreement are offered under this contract, at the discretion of the contracting authority and subject to performance review. Renewal: It is anticipated (but not guaranteed) that a new service contract will be procured following the expiry of the contract commencing 1 July 2022. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/003636-2022 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive procedure with negotiation | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 8 Feb 2022 | | Submission deadline | 14 Mar 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,000,000 | | 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 | CREATIVE SECTOR SERVICES C.I.C. | | Locality | LONDON | | Post town | Central London | | Postcode | WC2R 1LA | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | St James's | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 8 Feb 2022 at 21:35 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/003636-2022 ## Notice URLs - https://www.creativeunited.org.uk - https://www.creativeunited.org.uk/procurement-notice ## 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-0314cf. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0314cf.json.