Source: https://tendernation.io/opportunities/01a13ba2-5506-71f4-b1e1-ad327507ebd7/ps23385-legal-services-for-innovate-uk-loans-rfp

closed GB open procedure

# PS23385 - Legal Services for Innovate UK Loans - RFP

[UK Research & Innovation (UKRI)](https://tendernation.io/buyers/uk-research-innovation-ukri)

Estimated value

£500,000

Published

23 Oct 2023

Deadline

Closed

27 Nov 2023

## Who can bid

- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

## About this tender

The final date and time for the submission of bids is Monday 27th November at 11:00

DO NOT APPLY DIRECTLY TO BUYER

### Introduction

Innovation loans aim to provide flexible and patient capital to support business growth through innovation. These loans are delivered through Innovate UK Loans Ltd (IUKL), a wholly owned subsidiary of UK Research and Innovation. The loans are awarded through open competition and are available to micro, small and medium-sized businesses and can be used to fund the costs of a research & development project. A lending decision is made based on the quality of the project as well as on the suitability of the applicant for a loan. Innovation loans align with the mission of Innovate UK to broaden the range of innovation finance support available to businesses, so they can access funding at all stages of innovation. The amount of funding available to a business is dependent on the agreed parameters of the innovation loan competition however, in the most recent competitions, loans of between £100,000 and £2,000,000 have been offered to successful applicants

IUKL portfolio is expanding year on year, we currently have over 200 companies on our portfolio. Due to the increase, there is the need to access specialist legal services to meet product demand. Research carried out shows on average within one year, it is estimated Innovate UK Loans may need to access legal services approximately 20+ times per year. In addition to accessing legal advice surrounding our portfolio, changes in the macro- economic climate have created the need to source legal guidance surrounding complex cases, in particular administration cases

Please ensure you review all attached information to ensure a full understanding of this requirement. All attachments can be found with the Supplier Attachments tab within the Jaggaer eSourcing Portal.

This contract will be awarded based on the evaluation criteria as set out in the RFP document.

### How to Apply

UK Shared Business Services Ltd (UK SBS) will be using the Jaggaer eSourcing Portal for this procurement.

To register on the Jaggaer eSourcing portal please use the link [beisgroup.ukp.app.jaggaer.com](https://beisgroup.ukp.app.jaggaer.com/) and follow the instructions to register as a supplier.

If you are already registered on the Jaggaer eSourcing Portal and wish to participate in this procurement, please use the link: [beisgroup.ukp.app.jaggaer.com](https://beisgroup.ukp.app.jaggaer.com/).

Once you are logged into the system you will be able to locate the Procurement you wish to leave a bid on by clicking the ITTs Open to All Suppliers and searching for the reference number PS23385 or ITT\_1207

Read full description

## CPV classification

Legal services

Source

Find a Tender (UK) · Notice ocds-h6vhtk-040e68-2023-10-23T21:50:18+01:00

[View official notice](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-040e68-2023-10-23T21:50:18+01:00)

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