Source: https://tendernation.io/opportunities/01a13c27-ff6e-70a4-851b-43847d5a677a/innovate-uk-ps17179-loans-administration-service closed GB open procedure Suitable for SMEs # Innovate UK PS17179 Loans Administration Service [UK Shared Business Services Limited](https://tendernation.io/buyers/uk-shared-business-services-limited) Estimated value Not stated Published 5 Oct 2017 Deadline Closed 18 Oct 2017 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Buyer says suitable for VCSEs The buyer ticked “suitable for voluntary, community and social enterprises” on the notice. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender '\*\*\* This tender requirement was abandoned prior to a Contract award decision. \*\*\*' \*Please do not respond directly to the buyer. All communications and bids should be submitted through the CCS E-Sourcing portal\* Innovate UK is seeking to procure a loan administrator to provide white label services to support the backend delivery of its new Innovation Loans programme during the pilot deployment phase (24 months from 1 April 2018). The programme is expected to deliver up to £50m lending to around 100-200 innovative UK businesses in this period. The aim of the procurement is to: • Procure the delivery of reliable and responsive loan administration; • Ensure sufficient resource is dedicated to the administration of Innovation Loans in the pilot period Innovation Loans expects to make the first loan commitments in February/March 2018 in advance of first drawdowns after 1 April 2018. In advance of this, the Lending Administrator will be expected to: • Negotiate contractual arrangements and establish SLAs; • Support the development of processes that ensure the proper management and protection of public money; and • Establish systems and processes (tested in BETA) ahead of go-live (1st April 2018) • Administration to facilitate the issuing of loans (Phase One: 1st April 2018 to 30th April 2020) • Administration for the collection of repayments on loans (Phase two: 1st May 2020 to 30th April 2020 The Requirement: Innovate UK is seeking to appoint a Loan Administrator to support the deployment period of its Innovation Loans pilot. Proposals are invited from institutions that can demonstrate: • The ability to administer a portfolio of loans on behalf of a third party; • All appropriate regulatory approvals for administering a third-party portfolio (off balance sheet); • Suitable and established systems for making and recovering loans, fees and interest and for reconciling payments received; and • The ability to generate and securely maintain and share current portfolio data with Innovate UK on portfolio performance at regular intervals and/or in response to ad hoc requests Providers able to provide a secure, shared environment that allows for live (or overnight) updating of loan performance, accessible by the Innovation Loans team, are also likely to be welcomed. Additional information: UK Shared Business Services eSourcing As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements. If you have not yet registered on the eSourcing Suite, this can be done online at [gpsesourcing.cabinetoffice.gov.uk](https://gpsesourcing.cabinetoffice.gov.uk) by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so. Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing Your email must clearly state: the name and reference for the procurement you wish to register for; the name of the registered Bidder; and the name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite. The registered user will receive a notification email to alert them once this has been done. The Sourcing documents can then be accessed on the eSourcing Suite at: [gpsesourcing.cabinetoffice.gov.uk](https://gpsesourcing.cabinetoffice.gov.uk) using the instructions detailed in the Specification documents within Contracts Finder. As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information. For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk : Telephone: 0345 010 3503 Training documents to support Bidders utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section. Read full description ## CPV classification Administration services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/89b4575f-033f-4fe8-bbfb-8ce94eb43dce) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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