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II.1.1) Title
Affordable financial services products: No Interest Loan Scheme (NILS) and innovative affordable finance solutions
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
We are seeking partners to co-design, pilot and then scale up innovative affordable finance products targeted at people in vulnerable circumstances.
The first pilot is a no interest loans scheme to be delivered in six locations across England, NI, Scotland and Wales.
The Treasury backed NILS pilot is an opportunity to improve credit provision for customers who don't currently have access to a fair credit option who are excluded from credit because of they cannot afford the interest and the principal, but could afford principal repayments; or who do not meet lending criteria for other reasons but where there is a societal benefit to lending to them responsibly.
Equivalent services have been in place internationally for a long time but no scaled provision exists in the UK.
We hope that the pilot results in a positive set of outcomes for customers, and also for the partners who help to deliver the programme. One of our objectives for the pilot is that it strengthens overall affordable credit provision in the UK. Bid opportunities are divided into geographic lots with options to bid for more than one lot or all lots.
We are also seeking partners to work with us on wider innovative product development initiatives leading to pilot implementation and scaled up delivery. This is covered in a separate lot, initially focussed on England, but with the option to be extended beyond. This may encompass the development, piloting and scaling of:
Solutions tackling problem debt
Solutions tackling appliance poverty
Insurance products specifically designed for low income households
Savings products and credit builder products
Alternative and fair versions of buy now, pay later (BNPL) lending
Revolving credit products or ethical overdraft products
Car financing and other products to enable economic livelihood to improve
Hire purchase or conditional sale products
Fair and accessible credit cards
Other lending products which may also be coupled with complementary products eg savings, credit builder products, insurance offerings and more.
Therefore, we are seeking partner organisations who share the vision of a credit market which can provide a fair and affordable option for all customers. Stringent tests are included in our procurement about bidders track record with the customers we are targeting and their commitment to delivering these contracts within the interests of the customer coming first.
The contracts are set up to be capable of being extended for a further 5 years after the initial development and piloting period and these extensions are dependent on our funding partners contributing beyond the initial term and would be entered into by mutual consent.
II.1.5) Estimated total value
Value excluding VAT:
90 000 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
Yes
Tenders may be submitted for all lots
The contracting authority reserves the right to award contracts combining the following lots or groups of lots:
Please see details contained within the procurement documents.
Lot No: 1
II.2.1) Title
Lot 1. Wales
II.2.2) Additional CPV code(s)
66000000
II.2.3) Place of performance
NUTS code:
UKL
II.2.4) Description of the procurement
Please see details contained within the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 108
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
Yes
II.2.11) Information about options
Options:
Yes
Description of options:
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 2
II.2.1) Title
Lot 2 - Scotland
II.2.2) Additional CPV code(s)
66000000
II.2.3) Place of performance
NUTS code:
UKM
Main site or place of performance:
Please see details contained within the procurement documents.
II.2.4) Description of the procurement
Please see details contained within the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 108
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
Yes
II.2.11) Information about options
Options:
Yes
Description of options:
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 3
II.2.1) Title
Lot 3 - Northern Ireland
II.2.2) Additional CPV code(s)
66000000
II.2.3) Place of performance
NUTS code:
UKN
Main site or place of performance:
Please see details contained within the procurement documents.
II.2.4) Description of the procurement
Please see details contained within the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 108
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
Yes
II.2.11) Information about options
Options:
Yes
Description of options:
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
Please see details contained within the procurement documents.
Lot No: 4
II.2.1) Title
Lot 4 - England - London (A)
II.2.2) Additional CPV code(s)
66000000
II.2.3) Place of performance
NUTS code:
UKI
Main site or place of performance:
Please see details contained within the procurement documents.
II.2.4) Description of the procurement
Please see details contained within the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 108
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
Yes
II.2.11) Information about options
Options:
Yes
Description of options:
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
Please see details contained within the procurement documents.
Lot No: 5
II.2.1) Title
Lot 5 - England (Any location) (B)
II.2.2) Additional CPV code(s)
66000000
II.2.3) Place of performance
NUTS code:
UKC
UKD
UKE
UKF
UKG
UKH
UKJ
UKK
Main site or place of performance:
Please see details contained within the procurement documents.
II.2.4) Description of the procurement
Please see details contained within the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 108
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
Yes
II.2.11) Information about options
Options:
Yes
Description of options:
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
Please see details contained within the procurement documents.
Lot No: 6
II.2.1) Title
Lot 6 - England (Any location) (C)
II.2.2) Additional CPV code(s)
66000000
II.2.3) Place of performance
NUTS code:
UKC
UKD
UKE
UKF
UKG
UKH
UKJ
UKK
Main site or place of performance:
Please see details contained within the procurement documents.
II.2.4) Description of the procurement
Please see details contained within the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 108
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
Yes
II.2.11) Information about options
Options:
Yes
Description of options:
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
Please see details contained within the procurement documents.
Lot No: 7
II.2.1) Title
Lot 7 - All three English Locations (A-C) (should include London)
II.2.2) Additional CPV code(s)
66000000
II.2.3) Place of performance
NUTS code:
UKC
UKD
UKE
UKF
UKG
UKH
UKI
UKJ
UKK
Main site or place of performance:
Please see details contained within the procurement documents.
II.2.4) Description of the procurement
Please see details contained within the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 108
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
Yes
II.2.11) Information about options
Options:
Yes
Description of options:
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
Please see details contained within the procurement documents.
Lot No: 8
II.2.1) Title
Lot 8 - All geographic lots 1-6 covering all four locations and smaller loans delivered nationally
II.2.2) Additional CPV code(s)
66000000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
Please see details contained within the procurement documents.
II.2.4) Description of the procurement
Please see details contained within the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 108
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
Yes
II.2.11) Information about options
Options:
Yes
Description of options:
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
Please see details contained within the procurement documents.
Lot No: 9
II.2.1) Title
Lot 9 - Future innovative affordable finance solutions
II.2.2) Additional CPV code(s)
66000000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
Please see details contained within the procurement documents.
II.2.4) Description of the procurement
Please see details contained within the procurement documents.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 108
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
Yes
II.2.11) Information about options
Options:
Yes
Description of options:
Initial development and pilot period expected to be maximum of four years including evaluation. Contracts can then be extended for up to five years in one year increments by mutual consent where further funds become available to enable the pilots to be scaled.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
Please see details contained within the procurement documents.