Published date: 14 May 2021
This notice was replaced on 3 June 2021
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Opportunity (published 3 June 2021)
Closed early engagement
Contract summary
Industry
Credit granting services - 66113000
Location of contract
London
Procurement reference
tender_273172/960789
Published date
14 May 2021
Closing date
27 May 2021
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
This PIN is for market pre-engagement only and is not a call for competition.
London Borough of Barking & Dagenham (LBBD) expects to run a tender for the implementation of a Community Banking offer and requires a Credit Union provider to underpin this offer. Credit Unions from across the UK are invited to apply.
Whilst the local authority will have to go through a formal procurement process to select a suitable Credit Union partner, this notice is intended to invite an open conversation between LBBD and potential providers.
We would like to invite interested partners to attend an open session being hosted on Microsoft Teams on Friday 28th May between 2-3pm. LBBD will share information on the opportunity and borough, and there will be time for questions both ways between LBBD and providers in attendance.
To register for the session and to receive the Teams invite, please email Katy.Brown@lbbd.gov.uk
More information
Additional text
-
LBBD are seeking a Credit Union partner who is up for the challenge of developing a Community Banking offer with us and partners. Our vision is that fair, affordable and appropriate financial products and services are available to everyone who lives or works in Barking and Dagenham. We are therefore looking to partner with an innovative, progressive and forward-thinking credit union to proactively work with us to develop and deliver local financial services for the borough.
Co-production is at the heart of everything we do and we want to work collaboratively with the right partner to ensure that this offer is locally tailored and reflects the needs of the borough's residents. We want to set ambitious targets for this service, to maximise its impact and value, and we are committed to providing council resource and investment to ensure these targets are successfully achieved.
Credit Unions from across the UK are invited to apply.
As a minimum, we are looking for a Credit Union that:
- Can provide a broad range of financial services and products, catering to different customer needs, including saving accounts, instant loans and other banking facilities.
- Has a strong digital offer and can provide full, remote access to Credit Union products and services via the web and/or mobile app.
- Has a willingness to work with ourselves and community partners to develop new products and services to meet local needs.
- Is regulatory compliant and financially healthy, with an ability to grow an impactful offer in Barking and Dagenham.
- Will invest in the community of Barking and Dagenham and creatively and meaningfully engage in creating Social Value for the borough.
We would like to invite interested partners to attend an open session being hosted on Microsoft Teams on Friday 28th May between 2-3pm. LBBD will share more information on the opportunity and borough, and there will be time for questions both ways between LBBD and providers in attendance.
To register for the session and to receive the Teams invite, please email Katy.Brown@lbbd.gov.uk
About the buyer
Address
Town Hall Square, 1 Clockhouse Ave
Barking
IG11 7LU
England
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