📑New enterprise allowance loan service.
Procurement process summary
This process is to purchase New enterprise allowance loan service.
This contract was awarded by 🇪🇸 Ministerio de Defensa. Reino de España for an amount of EUR 21,000,000 to 1 supplier. It was published on 2011-09-07 through open
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
Buying entity🇪🇸 Ministerio de Defensa. Reino de España Buying unitnot reported Publication date2011-09-07 Contest statusnot reported DescriptionThe Government is committed to introducing a programme of support to promote self employment as a route off benefits. This commitment was first set out in the Conservative Party policy paper Get Britain Working and was included in the coalition's Programme for Government (under the title of Work for Yourself).The New Enterprise Allowance was first announced on 5.10.2010, as part of a package of targeted measures to Get Britain Working in areas most likely to benefit from an increase in private sector employment. There was a further Ministerial announcement on 5.1.2011 which made clear NEA would be available nationally to support up to 40 000 unemployed people start up a business as part of the Government's plans to promote growth and enterprise.The New Enterprise Allowance will help unemployed people who want to start their own business. It will be available to people who have been claiming Jobseekers Allowance for six months or more. It will provide access to business mentoring and offer financial support. In order to become eligible to receive the financial support, the applicant will have to demonstrate that their business idea is viable and has growth potential. The financial support will consist of a weekly allowance broadly equivalent to their Jobseekers Allowance payments for the first 3 months and half of that amount for the subsequent three-month period - worth up to 1 275 GBP - allowing them to establish their business and its cash flow. If they need start-up capital they may also get a loan of up to 1 000 GBP to help them with start-up costs such as buying their initial equipment.The contract with the Department for Work and Pensions is required to support delivery of this programme by providing a low cost loans service to customers who meet the eligibility criteria, and who have received support through the associated mentoring service to produce a robust business plan. Customers with an approved business plan will be referred to the delivery organisation/loans service provider who will be responsible for the decision to make the loan.Awards
This award was granted to The Five lamps Organisation by Ministerio de Defensa. Reino de España for an amount of EUR 21,000,000. The procurement process was conducted through open for the category of services. The award was granted on 2011-07-21. This is award number 6.
This contract has multiple awards. This is award number 6. View other awards for this contract
| Supplier | Amount | Award date | Award number |
|---|---|---|---|
| 🇬🇧 The Five lamps Organisation | EUR 21,000,000 | 2011-07-21 | 6 |
Market context and opportunities
The execution of this contract allows the entity Ministerio de Defensa. Reino de España to fulfill its public service objectives efficiently.
The open purchase modality ensures that the process is transparent and compliant with regulations.
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
This transparency in public procurement promotes fair competition, prevents corruption, and ensures that public resources are used efficiently for the benefit of citizens.
Additional data
Contract NumberES_ocds-70d2nz-07f64a13-5f67-4b0e-be1c-a177edf8f7b5-award-6Publication date2011-09-07Contract datenot reportedAward date2011-07-21CategoriesservicesPurchase modalityopenMethod detailspt_openStatusnot reportedData sources
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