Guidance on Appraisal of Access to Finance Schemes
The aim of this project is to critically assess existing Value for Money methodology and develop guidance on an alternative approach to the Business Bank for the appraisal of access to finance schemes.
Reference number: P2140017
This deadline is for… UKSBS to receive final tender submissions (by 11am)
Contract value:£0 – £40,000
Location where the contract is to be carried out: London
Is this suitable for smaller suppliers? Yes
Is this contract suitable for a voluntary, community and social enterprise organisations? No
Name of the buying organisation: UK Shared Business Services Ltd.
Description of the contract
The British Business Bank is being set up as a state-backed economic development bank and will be bringing together a number of access to finance schemes and introducing new wholesale schemes. In order for the Business Bank to make informed decisions about the direction of policy it will need to rely on ex-ante and ex-post assessment of the effectiveness of schemes in meeting the BB’s objectives. We have undergone internal work to improve and make consistent the appraisal of access to finance schemes. The analytical foundations of the appraisal approach contained in the Green Book does not provide sufficient guidance on how access to finance schemes should be treated for appraisal purposes. This is given finance is an intermediate good whereby the opportunity cost of its provision arises not from moving finance but from how it affects the allocation of resources in an economy. To build on internal work conducted by BIS analysts, externally commissioned experts specialise in appraisal of policy should be well placed to develop guidance in this area which can feed into our VFM assessments and improve the robustness analysis. The aim of this project is to critically assess existing Value for Money methodology and develop guidance on an alternative approach to the Business Bank for the appraisal of access to finance schemes. This should be practical guidance that takes into account the available data.
Classification of the contract
66171000 Financial consultancy services
Contract type: Services – Unspecified
Is it a framework agreement? No
Is this contract related to a programme of funding? No
Contract will be awarded based on: Most economically advantageous tender in terms of: The criteria stated in the contract documents
Estimated length of contract: 40 Days
Who to contact
Contact name Al Staunton-Lambert
Organisation name UK Shared Business Services Ltd.
Address North Star House, North Star Avenue, Swindon, Wiltshire, SN2 1FF
Web address http://www.ssc.rcuk.ac.uk/