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PS23385 - Legal Services for Innovate UK Loans - RFP

Buyer: UK Research & Innovation (UKRI)

Published
23 October 2023
Submission deadline
27 November 2023
Estimated value
£500,000
Place of performance
UK
Procedure
Open procedure
Lots
1
Notice number
031270-2023
Reference
ocds-h6vhtk-040e68
Official source
Official source

CPV codes

Description

The final date and time for the submission of bids is Monday 27th November at 11:00 DO NOT APPLY DIRECTLY TO BUYER Introduction Innovation loans aim to provide flexible and patient capital to support business growth through innovation. These loans are delivered through Innovate UK Loans Ltd (IUKL), a wholly owned subsidiary of UK Research and Innovation. The loans are awarded through open competition and are available to micro, small and medium-sized businesses and can be used to fund the costs of a research & development project. A lending decision is made based on the quality of the project as well as on the suitability of the applicant for a loan. Innovation loans align with the mission of Innovate UK to broaden the range of innovation finance support available to businesses, so they can access funding at all stages of innovation. The amount of funding available to a business is dependent on the agreed parameters of the innovation loan competition however, in the most recent competitions, loans of between £100,000 and £2,000,000 have been offered to successful applicants IUKL portfolio is expanding year on year, we currently have over 200 companies on our portfolio. Due to the i…

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Frequently asked questions

What is the deadline to bid for this tender?
The submission deadline is 27 November 2023. Check the official source, as dates can be modified.
What is the estimated value of this tender?
The estimated value published by the buyer is £500,000.
Who is the buyer of this tender?
The contracting authority is UK Research & Innovation (UKRI) (United Kingdom).
How can I bid for public tenders in the United Kingdom?
Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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Data collected from official public procurement sources. Amounts as published by the buyer.