UKRI Loan Administration Services

UK Shared Business Services Ltd (UK SBS) on behalf of UK Research and Innovation (UKRI), wish to appoint a provider who can provide Loan Administration Services. Brief Description of Requirement In 2018 Innovate UK launched Innovation Loans to fund later stage R&D projects with a clear route to commercial success. To date, Innovate UK Loans have committed £156m (total committed facility) to 183 businesses, supporting 200 new innovation projects. UKRI - Innovate UK Loans Limited is seeking to procure a loan administrator to provide white label services to support the backend delivery of its Innovation Loans programme. The programme is expected to deliver up to 500 new loans/per year, supporting up to 500 new Innovative UK businesses. The aim of procurement is to: - Procure the delivery of reliable and responsive loan administration; - Ensure sufficient resource is dedicated to the administration of Innovation Loans; - The capacity to correctly process up to 500 loans a year A brief summary of the requirement has been provided above, please ensure you review the specification for full details of this requirement. All documents relating to this procurement can be found within the Stage One: Overview Section on the Delta eSourcing Portal. UK SBS is managing this procurement in accordance with the Public Contracts Regulations 2015 (as amended from time to time) (the "Regulations"). This is a Services Contract being procured under Open Procedure Regulations. See section I.3) for access to procurement documentation. UK SBS will be using the Delta eSourcing Portal for this procurement. The access code is AACKPR744U.