News archive - 2010
Saving Gateway – important information
22 June 2010
The Government has announced that the Saving Gateway is not affordable given the need to reduce the deficit.
The launch of the Saving Gateway - which was planned for July 2010 – has been cancelled.
HMRC and HM Treasury are grateful to all organisations and their representative bodies for their interest in the Saving Gateway, and for contributing their views on the proposed scheme. We would like to thank in particular all those organisations that signed up as partners to advise and publicise Saving Gateway to customers.
If you have any questions in relation to this message, please contact saving.gateway@hmrc.gsi.gov.uk
Growth Fund Opportunity – Glasgow
22 March 2010
As previously announced in May 2009, the Department for Work and Pensions (DWP) will be advertising new Growth Fund delivery opportunities within specified locations. DWP are now seeking a suitable provider(s) for Growth Fund delivery across Glasgow City.
Supplier Selection
Selection criteria will be a combination of both financial and non-financial factors and will consider:
- Supplier acceptability – in relation to the Authority’s definition of an eligible lender;
- Economic and financial standing – the supplier must be in a sound financial position to participate in a procurement of this size. This may entail independent financial checks;
- Technical or professional ability – the supplier must be able to demonstrate that they meet any minimum standards of technical or professional ability required of them by the Authority, including relevant experience in instant capacity based lending.
Failure to provide a satisfactory response to any of the questions may result in the Authority not proceeding further with the supplier. The information supplied will be checked for completeness and compliance before responses are evaluated.
Eligibility
Eligible organisations must either be regulated by the Financial Services Authority (FSA), or constituted as not for profit third sector organisations, licensed by the Office of Fair Trading (OFT) to provide credit services.
Organisations must have an average annual turnover (before tax) of less than EUR€100 million during the last two financial years. Also, DWP will not contract with any of the above unless they are registered under the Data Protection Act. You must already have, or be willing to name, DWP or Central Government as a Data Processor.
How to express an interest:
If you are an eligible lender and wish to be considered please complete the attached document and e-mail to Alex Joseph at the address below. Please clearly state "Growth Fund – Expression of Interest" in the subject field. You must also send a hard copy of this letter and enclose a copy of the audited accounts for your organisation for the last two complete financial years and your latest set of management accounts. New organisations which do not yet have two full accounting years to report may contact Alex Joseph to discuss.
- Pre qualification questionnaire (220KB) (rtf)
Please note that all Expressions of Interest must be received at the DWP address by close of business on Friday 2 April 2010. Organisations who submit a successful Expression of Interest will be notified during w/c 5 April 2010 and be provided with the necessary documents to submit a full bid.
Tenders must be returned for evaluation by Friday 7 May 2010. Evaluation will commence 10 May 2010 with the intention of appointing a successful supplier w/c 17 May 2010.
Contact details and address for response
Alex Joseph
CD Business & Financial Services
Room BP5101, Benton Park View
Longbenton
Newcastle upon Tyne
NE98 1YX
