Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
The Start-Up Loans Company Ltd
71-75 Shelton Street, Covent Garden
London
WC2H 9JQ
UK
Contact person: Pete Binkiewicz
Telephone: +44 1142062134
E-mail: Procurement@British-business-bank.co.uk
NUTS: UK
Internet address(es)
Main address: www.british-business-bank.co.uk
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Agreements for the Start-Up Loans Compan y’s Finance Partner and Associated
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
The Start-Up Loans Company is conducting this procurement to establish agreements for finance partners for the Start Up Loans scheme as follows:
Lot 1: Issuing of New Loans, Loan Administration of New Loans, Debt Collection of New Loans;
Lot 2: Assignment of pre-existing Loans; Loan Administration of pre-existing Loans, Debt Collection of pre-existing Loans.
II.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
18 000 000.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
Issuing of New Loans, Loan Administration of New Loans, Debt Collection of New Loans
II.2.2) Additional CPV code(s)
66000000
66100000
66110000
66113000
66113100
66150000
66151000
66152000
66190000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UNITED KINGDOM.
II.2.4) Description of the procurement
Issuing of new personal Loans, Loan Administration and Debt Collection of the New Personal Loans
Eligibility for a Start Up Loan:
1) 18 years of age or older,
2) current UK resident,
3) new business or trading for up to 24 months,
4) business is or will be based in the UK,
5) business owners must have the right to live and work in the UK,
6) Loans are subject to personal credit checks.
Start Up Loans must satisfy the following conditions:
1) be a personal Loan in a range size from GBP 500 up to GBP 25 000,
2) only one Loan per individual, who must be an owner or partner in the business,
3) a maximum of GBP 100 000 of personal Loans per business,
4) all conditions in the finance partner agreement.
General requirements are set-out in the procurement documents.
II.2.5) Award criteria
Quality criterion: Criterion 1
/ Weighting: 45
Cost criterion: Criterion 1
/ Weighting: 55
II.2.11) Information about options
Options:
Yes
Description of options:
Back up service provider requirements are set-out in the procurement documents. The authority will assess any such proposals and determine whether, at its sole discretion, it will incorporate the proposals into the finance partner contracted services. Note the proposals will not form part of the tender evaluation.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2019/S 176-428773
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
09/03/2020
V.2.2) Information about tenders
Number of tenders received: 4
Number of tenders received from SMEs: 4
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 4
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
The Enterprise Fund Ltd
04460763
Lee House, 90 Great Bridgewater
Manchester
M1 5JW
UK
Telephone: +44 1612454977
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 18 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=483788053
Go reference: GO-2020324-PRO-16231206
VI.4) Procedures for review
VI.4.1) Review body
British Business Bank
Steel City House, West Street
Sheffied
S1 3GQ
UK
Telephone: +44 2039051462
E-mail: procurement@british-business-bank.co.uk
VI.5) Date of dispatch of this notice
24/03/2020