Source: https://tendernation.io/opportunities/01a13c9d-194c-70e0-8c7c-a30f98c330b6/ps22384-fca-registration-itq closed GB open procedure Suitable for SMEs # PS22384 - FCA Registration - ITQ [Department for Business, Energy & Industrial Strategy](https://tendernation.io/buyers/department-for-business-energy-industrial-strategy) Estimated value £75,000 Published 26 Oct 2022 Deadline Closed 4 Nov 2022 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Small contract value Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services. - 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 The final date and time for the submission of bids is Friday 4th November 2022 at 11:00 DO NOT apply directly to the buyer. All tender information MUST be submitted through the Jaggaer eSourcing Portal. ### Brief Description of Requirement Innovate UK Loans Limited (IUKL) is a special purpose vehicle established in February 2018 to deliver the Innovation Loans programme, a subsidised finance product aimed at single SMEs undertaking later stage research and development activities with a clear route to commercial success. IUKL is a wholly owned subsidiary or UK Research and Innovation, a non-departmental public body sponsored by the Department for Business, Energy and Industrial Strategy (BEIS). Functionally, IUKL sits within Innovate UK, a council of UKRI, making use of a mix of IUK's core systems and processes and its own bespoke solutions. From a regulatory perspective, IUKL has relied to date on a business lending exemption and the outsourcing of its lending administration (making and collecting payments, interest calculations, KYC and AML etc.) to a third party provider, regulated by the FCA. However, as Innovation Loans moves from pilot to BAU, it is exploring its evolving business model and seeking professional advice and support around its regulatory status and related compliance functions. This procurement seeks a provider to supply that advice and support. 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 ITQ 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 PS22311 Read full description ## CPV classification Legal advisory and representation services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/a373d363-add5-463e-bff1-4368c9478a57) 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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