Agreements for the Start-Up Loans Company’s National Business Support Partner services

Concepts

• loan brokerage
• national business support partners
• sheffield
• up loans company
• start-up loans company
• national business support partner contracts
• personal loans
• start up loans scheme
• credit broking services
• loans

Location

United Kingdom: UNITED KINGDOM

Description

The Start-Up Loans Company is conducting this procurement to establish agreements for National Business Support Partners for the Start Up Loans scheme. National Business Support Partners will be responsible for providing credit broking services for personal loans for applicants who are preparing to start-up or are an early-stage business. National Business Support Partners will cover the whole of the UK.

Total Quantity or Scope

Credit broking services across the whole of the UK for personal loans (Start Up Loans) for individuals to start or grow an early stage business. Target volumes of drawn down personal loans to be brokered under each of two available contracts can be found in the procurement documents - see procurement documents for further details. Additional information: There will be 2 National Business Support Partner contracts awarded to different suppliers under this procurement - further details can be found in the procurement documents. The estimated contract value is the estimated total for both contracts combined, including any periods of renewal.

Renewal Options

A maximum of two extensions of up to 12 months (i.e. a maximum extension period of up to 24-months). Further details in the contract documents.

CPV Codes

• 66190000 - Loan brokerage services

Indicators

• This is a one-off contract (no recurrence)
• Renewals are available.
• Professional qualifications are sought.
• Staff qualifications are relevant.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. The British Business Bank (“BBB”) is 100% Government owned, but independently managed. It brings expertise and Government money to the smaller business finance markets. BBB does not lend or invest directly, instead it works with over 130 partners such as banks, leasing companies, venture capital funds and web-based platforms. Businesses apply for finance through its partners who can lend and invest more, especially to younger and faster growing companies. BBB's mission is to help drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. BBB helps smaller businesses looking to grow and access the finance they need to succeed whatever the stage of their development. BBB increases the range of funding choices available to smaller businesses across the UK. BBB is the centre of expertise on smaller business finance in the UK, providing advice and support to the Government and equipping smaller businesses with independent and impartial information on their finance options. BBB is putting in place funds and programmes to support both supply of and demand for finance across the UK’s regions. The Start-Up Loans Company (the Authority) is a wholly owned subsidiary of BBB and its purpose is to make business ownership a viable career for individuals who struggle to raise finance, by providing Loans and support to help these individuals with new or early stage businesses. The Authority are purchasing National Business Support Partner services on behalf of: (a) itself; (b) British Business Bank Plc and any members of its group (within the meaning of the Companies Act 2006) (c) Department of Business, Energy and Industrial Strategy, and any entity owned or controlled by it. Prior to releasing the procurement documents, potential Tenderers are required to register on the delta e-sourcing platform and complete and submit a Confidentiality Agreement. https://www.delta-esourcing.com/respond/96U5ECXV7E The Authority may terminate or suspend the award process at any time without incurring any cost or liability. The Authority does not bind itself to enter into any contract arising out of the procedures envisaged by this notice. No contractual rights expressed or implied arise out of this notice or the procedures envisaged by it. The Authority will not be liable in any way to any candidate or tenderer for any costs incurred in connection with this procurement process. The Authority reserves the right to disqualify any candidate who provides information or confirmations which later prove to be untrue or incorrect; does not supply the information required by this notice or by the procurement documents or as otherwise directed by the Authority during the procurement process; or fulfils any 1 or more of the criteria stated in the procurement documents (including Regulation 57 of the Public Contracts Regulations 2015). A tenderer will be required to agree to be audited by the UK audit bodies along with the funders and their auditors. For more information about this opportunity, please visit the Delta eSourcing portal at: <a href="https://www.delta-esourcing.com/tenders/UK-UK-Sheffield:-Loan-brokerage-services./96U5ECXV7E" target="_blank">https://www.delta-esourcing.com/tenders/UK-UK-Sheffield:-Loan-brokerage-services./96U5ECXV7E To respond to this opportunity, please click here: <a href="https://www.delta-esourcing.com/respond/96U5ECXV7E" target="_blank">https://www.delta-esourcing.com/respond/96U5ECXV7E GO Reference: GO-2023123-PRO-21966143