Published date: 9 July 2020
Last edited date: 24 July 2020
Closed early engagement
Contract summary
Industry
Financial and insurance services - 66000000
Other community, social and personal services - 98000000
Location of contract
EC1N 2TD
Procurement reference
20-91
Published date
9 July 2020
Closing date
28 July 2020
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
Yes
Description
Money and Pensions Service is an arm's-length body sponsored by the Department for Work and Pensions (DWP), and it has a joint commitment to provide access to the information and guidance people across the UK need, to make effective financial decisions over their lifetime.
Background
It is critical people have access to debt advice when they need it and the UK Strategy for Financial Wellbeing sets out a goal of 2 million more people receiving debt advice by 2030. The coronavirus pandemic has had a significant impact on the economy and people's personal finances and we expect demand for debt advice services to increase. To help combat this, in June MaPS secured an extra £38 million to help providers deliver advice to more people in England who may be experiencing financial problems due to coronavirus. The £38m has been broken into a number of funding streams; to support organisations to maintain their current capacity, and to increase capacity and help more people get the advice they need. Work has already been underway to allocate funding.
Increasing Debt Advice Capacity
Discussions with existing suppliers and pre-market engagement with debt advice providers not currently funded by MaPS has taken place to develop ideas on increasing the capacity of high-quality, free-to-customer debt advice by recruiting and training additional debt advisers. Further details related to this funding will be available through the MaPS website (see Links below)
Maintaining Debt Advice Capacity
We are pleased to announce the next phase of activity, funding to support debt advice providers who have seen a drop in income as a result of Covid-19 which is putting their vital work in helping overindebted clients at risk.
Following a webinar on 17 July (a recording will be available on this page) we will be inviting organisations that meet the eligibility criteria - including those not currently funded by MaPS-to participate in an early market engagement survey and supply information about reduced income linked to Covid-19 and the impact this is having on maintaining pre-pandemic capacity to provide debt advice.
The engagement is vital to give us a wider picture of sector capacity and to understand where high quality, free-to-customer debt is at risk. We will use this insight to inform any future formal application process.
Which organisations might be eligible for funding:
1. Hold the relevant FCA authorisations to provide debt advice and be an existing debt advice service.
2. Provide free to customer debt advice
3. Hold a MaPS accredited quality standard or hold the relevant FCA authorisations for handling client money.
4. Provide debt advice in England
What is out of scope:
1. Support for equipment to enable home or remote working
2. Lost income that has been mitigated through other support (eg furlough, other grants or support for third sector) would not be eligible
3. Lost income or funding not directly related to coronavirus
More information
Attachments
-
- Market Engagement Survey Questions - Maintaining Debt Advice Capacity (income loss).pdf
- Market studies
- Downloadable PDF document showing Full list of questions in the market engagement survey
-
- FAQs for Maintaining Debt Advice Capacity in England v2 22 July 2020.pdf
- Market studies
- FAQ Document
Links
-
- https://maps.app.jaggaer.com/web/login.html
- Market studies
- Please use this link to register your organisations details onto the MaPS e-sourcing portal.
-
- https://maps.org.uk/debt-advice-funding/
- Contract notice
- Link to access further details in relation to debt advice funding.
-
- https://moneyandpensionsservice.org.uk/
- Contract notice
- For further information visit the Money and Pensions Service website
-
- https://www.smartsurvey.co.uk/s/U4P4HE/
- Market studies
- Please use this link to access the Maintaining Capacity (income loss) Market Engagement Survey
-
- https://attendee.gotowebinar.com/recording/4139272459777176328
- Market studies
- Recording of the webinar hosted on Friday 17th July
Additional text
-
Want to find out more?
MaPS will be hosting a webinar for organisations wanting to know more about this funding stream and to outline the next steps in the process.
A link to a recording of the webinar hosted on Friday 17th July is now available in the attachment section.
MaPS will be pleased to respond to any questions received by 28th July 2020. Kindly email commercial@maps.org with ref 20-89G in the subject line.
About the buyer
Contact name
Patrick Theseira
Address
Holborn Centre, 120 Holbornholborn Centre, 120 Holborn
LONDON
EC1N2TD
England
Telephone
+44 208 1324929
Website
Share this notice
Closing date: 28 July 2020