Contract for the Administration of a Business Loan Fund In Staffordshire
Staffordshire County Council · West Midlands
Key facts
- Contract value
- £700,000
- Awarded
- 09 Nov 2015
- Contract starts
- 01 Dec 2015
- Contract ends
- 31 Dec 2018
- Procedure
- Open procedure
- Buyer type
- Local government
Awarded to
| Supplier | Value |
|---|---|
| Black Country Reinvestment Society Ltd | £700,000 |
Description
The County Council working in partnership with the City Council, is seeking a Fund Manager to deliver loans to small businesses that have been unable to access finance from mainstream sources such as banks.
The Fund Manager will offer loans of £10,000 to £50,000 across Staffordshire and Stoke-on-Trent. The loan capital will total approximately £1,500,000 with £750,000 from the Fund Manager £600,000 from the County Council, and approximately £150,000 from the legacy fund of the NSRCF). The City Council may also contribute up to £150,000.
Additional information: The County Council is running this as an electronic tender. A user guide is attached to help you register on the SCC etendering portal
Categories (CPV)
- 66190000 Loan brokerage services
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