Published date: 7 February 2023

This notice was replaced on 15 May 2023

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 15 May 2023, last edited 28 December 2023)

Closed future opportunity - This means that a potential contract has passed its approach to market date. A buyer can choose to consider any supplier interest or convert this notice into an opportunity ready for live procurement.


Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

m1 2wd

Value of contract

£100,000

Procurement reference

project_7881

Published date

7 February 2023

Approach to market date

7 February 2023

Contract start date

1 April 2023

Contract end date

1 October 2023

Procedure type

Single tender action (below threshold)

A direct contract with a single supplier, without competition.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

EXPRESSION OF INTEREST

Background:

In April 2014, the DfE launched a consultation on a Sharia-compliant alternative student finance (ASF) product. Through the consultation views were obtained on the acceptability of an ASF product based on a 'Takaful' model and, following a positive response to the proposal, the Government committed to the introduction of ASF.

The Government has since legislated to make a system of ASF possible, when the power for this was taken in the Higher Education and Research Act 2017, and has worked with specialist advisers on the development of an ASF model.

Alongside this, the Government has been reforming the student finance system to put it on a sustainable footing for the long term and is introducing the Lifelong Loan Entitlement (LLE), that will significantly change the ways students can access learning and financial support.

We require information on your capability and capacity to provide the specialist advice detailed on the attachment.

Through this Expression of Interest (EOI), suppliers are required to confirm whether they can meet the criteria and timescales to deliver the requirements set out at sections 3 and 4 of the attachment. The objective of the EOI is to understand the market capability to deliver this requirement and it will inform a future procurement activity planned for Q4 FY 2022/23.

Please see the attachment for further information needed in order to reply to this EOI.

More information

Spend profile

This table displays the spend profile of the notice
Financial year Budget
2023/2024 £100,000

Attachments

About the buyer

Contact name

Jonathan Townend

Address

Piccadilly Gate,Store Street
MANCHESTER
M12WD
England

Email

jonathan.townend@education.gov.uk