---
title: "Early Payment Scheme"
ocid: "ocds-h6vhtk-06b490"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06b490"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06b490.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06b490.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "SOUTH TYNESIDE BOROUGH COUNCIL"
published: "2026-06-15"
---

# Early Payment Scheme

Buyer: SOUTH TYNESIDE BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-06b490

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06b490)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-06b490.json)

## Summary

The procurement process initiated by South Tyneside Borough Council for an "Early Payment Scheme" in the financial and insurance services industry is at the award and contract stage. The scheme, which is classified under CPV code 66000000, intended for services, involves a direct award from the NEPO521 Early Payment Scheme Framework. The procurement location is UKC22, covering regions managed by South Tyneside Borough Council with contract signing completed on 11th June 2026. This tender employed a limited procurement method, specifically an award procedure without prior publication of a call for competition, as it falls outside the scope of the directive application.

This contract offers substantial opportunities for businesses specialising in financial and insurance services, especially small and medium-sized enterprises (SMEs) like Oxygen Finance Limited, the successful supplier. Companies with expertise in delivering early payment schemes can leverage this opportunity to enhance their market presence within the regional authority's operational area. Businesses in financial services seeking growth through regional authority contracts will find this tender a potential pathway to consolidating their operations by fulfilling public sector requirements effectively. The contract's award underscores the potential for businesses that can provide bespoke, efficient financial solutions across similar public procurement projects.

## Notice

Provision of an early payment scheme

### Procurement Information

Direct award from NEPO521 Early Payment Scheme Framework

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/055983-2026 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 15 Jun 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 10 Jun 2026 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,858,075 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SOUTH TYNESIDE BOROUGH COUNCIL |
| Locality | SOUTH SHIELDS |
| Post town | Newcastle upon Tyne |
| Postcode | NE33 2RL |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | South Tyneside |
| Electoral ward | Beacon and Bents |
| Westminster constituency | South Shields |
| Delivery location | TLC22 Tyneside |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | OXYGEN FINANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 15 Jun 2026 at 08:19 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/055983-2026

## Notice URLs

- http://www.southtyneside.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-h6vhtk-06b490. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06b490.json.