ProcuraAxisBeta
Sign inCreate Free Account
Home / Opportunities / Opportunity
PROCUREMENT OPPORTUNITY

Special Purpose Vehicle and Implementation Support

FAIR4ALL FINANCE LIMITED · compiled

Tender information last checkedLast checked 29 Sept 2026, 18:52.

Opportunity overview

Fair4All Finance were seeking provider(s) who could create and support the design and implementation of appropriate special purpose vehicles where it works with providers to achieve its mission through the provision of capital for various activities.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

Dentons UK and Middle East LLP

Matched by number
Contract value
£30k
Awarded
Not supplied
Contract signed
30 Aug 2023
Award ID
033927-2025-1
Status
active
Identifier
GB-COH OC322045
Location
London, UK, United Kingdom

Dentons UK and Middle East LLP

Matched by number
Contract value
£25k
Awarded
Not supplied
Contract signed
30 Aug 2023
Award ID
033927-2025-2
Status
active
Identifier
GB-COH OC322045
Location
London, UK, United Kingdom

Classification

  • CPV66000000 — Financial and insurance services
  • CPV66113000 — Credit granting services
  • CPV79100000 — Legal services

Lots

  • Lot 1 - Blue printsValue not stated
  • Lot 2a - Implementation - Legal AdvisorValue not stated
  • Lot 2a - Implementation - Legal AdvisorValue not stated
  • Lot 2b - Implementation - Managing AgentValue not stated
  • Lot2b - Implementation - Managing AgentValue not stated
  • Lot 2c - Implementation - Fail over lender/providerValue not stated
  • Lot 1 - Blue printsValue not stated
  • Lot 2c - Implementation - Fail over lender/providerValue not stated

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
ocds-h6vhtk-03c744
Status
complete
Has Recurrence
Yes
Procurement Method
open
Main Procurement Category
services
Procurement Method Details
Open procedure

Bid Opening

Date
6 Jun 2023, 09:00

Legal basis

Id
32014L0024
Scheme
CELEX

Lot Details

Award Criteria Details
A tenderer may decide to apply for 1 or 2 lots (or a combination of) although the make up of lots requires specialist knowledge.
Maximum Lots Bid Per Supplier
9,999,999

Recurrence

Description
Not known at this stage.

Expected award period

Starts
6 Jun 2023, 09:00

Tender Period

Ends
5 Jun 2023, 09:00

Classification

Id
66000000
Scheme
CPV
Description
Financial and insurance services

Submission terms

Languages

en

Submission Method

electronicSubmission
written

Lots and requirements

Entry 1
Id
Lot 1
Title
Lot 1 - Blue prints
Status
active
Has Options
Yes
Has Renewal
Yes
Description
SPV strategic considerations - Our requirements set out below relate to how we use SPVs to support our delivery. When to use an SPV - To accompany the SPV blue print work below we need to see the high level rationale for where the use of this SPV is appropriate - what it achieves and what it cannot eg it may also be appropriate to consider what aspects of our social imperative can be achieved through the SPV and where wider obligations may be more appropriate, eg our Affordable Credit Code of Good Practice may be something we seek to have the entire organisation adopt, not just function within the SPV. This should address where not using an SPV but addressing the interplay between our capital and existing investors is aptly covered in an intercreditor agreement, and where this is not desirable Use of public funds - Our funding is deemed to be public funding and our investment principles therefore include compliance with subsidy / state aid constraints and considerations about private gain. • Where we are providing capital as part of an investment therefore, our requirement is to usually invest on similar terms to the rest of the market, unless a robust argument can be made for subsidy eg serving a portion of the population for whom risk is higher where there is a positive social impact, warranting a different return. • Where we procure a provider to deliver something for us, eg testing of a proposition, and we transparently compete that work setting out our intention to provide capital to enable the testing, this competition steps us outside of subsidy considerations • In both scenarios we would want to avoid undue private gain accruing to the counterparty and this should be considered in the advice set out against our requirements below for the blueprint Blueprint - simple special purpose vehicle We are seeking a simple blueprint, which we can use repeatedly, when we are providing capital to enable lending and wish to ring fence it for a specific purpose. Such a vehicle may also be used for other activities (eg other financial resilience and financial inclusion initiatives that may for example involve subsidy to support specific customers, underwriting etc). Blueprint - complex special purpose vehicle We also recognise the need for a more complex SPV where scale, complexity or risk warrant a more nuanced and granular approach. This may be more relevant when we are working with commercial providers or where we are working with not for profit providers where complexity in their existing capital stack warrants this delineation. We expect this blueprint to be suitable for additional protections are needed around our funds. In this model we would expect the following elements to be included in the blueprint: • managing agent being appointed to oversee the utilisation of the capital and flows of funds to and from the SPV and clarity about the capabilities and regulatory permissions they may need to deliver effectively for us • detailed contracting arrangements setting out the arrangements for the transfer of intellectual property, customer data, and the beneficial title to loans vs the loan note of record transferring from the originator to the SPV • facility to transfer the delivery arrangement to a fail over / standby provider / lender to act for us if needed and clarity about the capabilities and regulatory permissions they may need to deliver effectively for us; we also need to understand the full scope of protections that would need to be considered to effect this eg rights of assignment, fair processing notices, whatever else needs to be considered in these arrangements both in a customer facing and a back office setup. • means by which this vehicle could most optimally be reused as a blue print - eg how to template the arrangements as much as possible, and what elements would be varied each time • would want to understand the likely 3rd party setup costs and the running costs and how any variation in options would influence this • what structure and resourcing we'd need for the managing agent construct (inc what the implications are for our team re what we'd need to have in place our side) • what options are relevant to us ensuring that the way in which the way in which the SPV and services contracts associated reinforce and incentivise the approaches to customers that we are intent on delivering eg consistent with our Affordable Credit Code of Good Practice • how to approach and formalise pricing ensuring an appropriate balance between the interests of the SPV and those of the underlying organisation and to reflect the social purpose of Fair4All Finance.

Options

Description
The term may be extended where bidders can set out clear discounts for multiple year engagements and multiple SPV operations.

Renewal

Description
As required by Fair4All Finance.

Contract period

Starts
1 Jul 2023, 00:00

Submission terms

Variant Policy
allowed
Entry 2
Id
2a - Legal Advisor
Title
Lot 2a - Implementation - Legal Advisor
Status
active
Has Options
Yes
Has Renewal
Yes
Description
Fair4All Finance require the following implementation partners to put in place the complex special purpose vehicle arrangement set out in the blueprint(s) (Lot 1) which will also articulate the required permissions (if any) needed for each party: • Lot 2 a: Legal advisor to draft appropriate services contracts, set up the entity and articles etc and to incorporate the detailed arrangements to achieve Fair4All Finance's social purpose set out in the blueprint.

Options

Description
Contracts may be extended based on whether further appropriate special purpose vehicles are agreed. The term may be extended where bidders can set out clear discounts for multiple year engagements and multiple SPV operations.

Renewal

Description
Renewal will be based on future F4AF requirements.

Contract period

Starts
1 Jul 2023, 00:00

Submission terms

Variant Policy
allowed
Entry 3
Id
2b - Managing Agent
Title
Lot 2b - Implementation - Managing Agent
Status
active
Has Options
Yes
Has Renewal
Yes
Description
Fair4All Finance require the following implementation partners to put in place the complex special purpose vehicle arrangement set out in the blueprint(s) above which will also articulate the required permissions (if any) needed for each party: • Lot 2 b: Managing agent to oversee the operation of each instance of the SPV that is deployed. Other relevant CPV codes for Lot 2b include: 1. Corporate finance and venture capital services. 2. Financial consultancy, financial transaction processing and clearing-house services. 3. Investment banking services and related services. 4. Legal

Options

Description
The agreement can be extended at Fair4All Finance's discretion based on the special purpose vehicles being deployed, which are an unknown at this stage. The term may be extended where bidders can set out clear discounts for multiple year engagements and multiple SPV operations.

Renewal

Description
The requirement may be renewed based on Fair4All Finance requirements

Contract period

Starts
1 Jul 2023, 00:00

Submission terms

Variant Policy
allowed
Entry 4
Id
Lot 2c - Fail over lender/provider
Title
Lot 2c - Implementation - Fail over lender/provider
Status
active
Has Options
Yes
Has Renewal
Yes
Description
We require the following implementation partners to put in place the complex special purpose vehicle arrangement set out in the blueprint(s) above which will also articulate the required permissions (if any) needed for each party: • Lot 2 c: Fail over lender / provider - organisation ready to step in to operate the work covered under the SPV as and when needed. Other relevant CPV codes for Lot 2c include: 1. Financial and insurance services 2. Financial consultancy, financial transaction processing and clearing-house services.

Options

Description
The agreement can be extended dependent on whether a fail over/lender is required to step in to operate the work covered under an SPV as required. This is unknown at this stage. The term may be extended where bidders can set out clear discounts for multiple year engagements and multiple SPV operations.

Renewal

Description
Renewals will be based on Fair4All Finance future requirements which are unknown at this stage.

Contract period

Starts
1 Jul 2023, 00:00

Submission terms

Variant Policy
allowed
Entry 5
Id
1
Title
Lot 1 - Blue prints
Status
cancelled
Has Options
Yes
Description
SPV Strategic considerations. When to use an SPV - To accompany the SPV blue print work below we need to see the high level rationale for where the use of this SPV is appropriate - what it achieves and what it cannot eg it may also be appropriate to consider what aspects of our social imperative can be achieved through the SPV and where wider obligations may be more appropriate, eg our Affordable Credit Code of Good Practice may be something we seek to have the entire organisation adopt, not just function within the SPV. This should address where not using an SPV but addressing the interplay between our capital and existing investors is aptly covered in an inter creditor agreement, and where this is not desirable.

Options

Description
The term may be extended where bidders can set out clear discounts for multiple year engagements and multiple SPV operations.

Award criteria

Criteria

Criterion 1
Type
price
Entry 6
Id
2
Title
Lot 2a - Implementation - Legal Advisor
Status
cancelled
Has Options
Yes
Description
Fair4All Finance required the following implementation partners to put in place the complex special purpose vehicle arrangement set out in the blueprint(s) (Lot 1) which will also articulate the required permissions (if any) needed for each party: Lot 2 a: Legal advisor to draft appropriate services contracts, set up the entity and articles etc and to incorporate the detailed arrangements to achieve Fair4All Finance's social purpose set out in the blueprint.

Options

Description
Contracts may be extended based on whether further appropriate special purpose vehicles are agreed. The term may be extended where bidders can set out clear discounts for multiple year engagements and multiple SPV operations.

Award criteria

Criteria

Criterion 1
Type
price
Entry 7
Id
3
Title
Lot2b - Implementation - Managing Agent
Status
cancelled
Has Options
Yes
Description
Fair4All Finance required the following implementation partners to put in place the complex special purpose vehicle arrangement set out in the blueprint(s) above which will also articulate the required permissions (if any) needed for each party: • Lot 2 b: Managing agent to oversee the operation of each instance of the SPV that is deployed. Other relevant CPV codes for Lot 2b include: 1. Corporate finance and venture capital services. 2. Financial consultancy, financial transaction processing and clearing-house services. 3. Investment banking services and related services. 4. Legal

Options

Description
The agreement can be extended at Fair4All Finance's discretion based on the special purpose vehicles being deployed, which are an unknown at this stage. The term may be extended where bidders can set out clear discounts for multiple year engagements and multiple SPV operations.

Award criteria

Criteria

Criterion 1
Type
price
Entry 8
Id
4
Title
Lot 2c - Implementation - Fail over lender/provider
Status
cancelled
Has Options
Yes
Description
We require the following implementation partners to put in place the complex special purpose vehicle arrangement set out in the blueprint(s) above which will also articulate the required permissions (if any) needed for each party: • Lot 2 c: Fail over lender / provider - organisation ready to step in to operate the work covered under the SPV as and when needed. Other relevant CPV codes for Lot 2c include: 1. Financial and insurance services 2. Financial consultancy, financial transaction processing and clearing-house service

Options

Description
The agreement can be extended dependent on whether a fail over/lender is required to step in to operate the work covered under an SPV as required. This is unknown at this stage. The term may be extended where bidders can set out clear discounts for multiple year engagements and multiple SPV operations.

Award criteria

Criteria

Criterion 1
Type
price

Items and delivery

Item 1
Id
Lot 1
Related Lot
Lot 1

Delivery Location

Description
Other relevant CPV codes under Lot 1 include: 1. Corporate finance and venture capital services. 2. Financial consultancy, financial transaction processing and clearing-house services. 3. Investment banking services and related services. 4. Legal

Delivery locations

Entry 1
Region
UK
Entry 2
Region
UK

Additional Classifications

Entry 1
Id
66000000
Scheme
CPV
Description
Financial and insurance services
Item 2
Id
2a - Legal Advisor
Related Lot
2a - Legal Advisor

Delivery Location

Description
Other relevant CPV codes for Lot 2a include: 1. Corporate finance and venture capital services. 2. Financial consultancy, financial transaction processing and clearing-house services. 3. Investment banking services and related services. 4. Legal

Delivery locations

Entry 1
Region
UK
Entry 2
Region
UK

Additional Classifications

Entry 1
Id
79100000
Scheme
CPV
Description
Legal services
Item 3
Id
2b - Managing Agent
Related Lot
2b - Managing Agent

Delivery locations

Entry 1
Region
UK
Entry 2
Region
UK

Additional Classifications

Entry 1
Id
66000000
Scheme
CPV
Description
Financial and insurance services
Item 4
Id
Lot 2c - Fail over lender/provider
Related Lot
Lot 2c - Fail over lender/provider

Delivery locations

Entry 1
Region
UK
Entry 2
Region
UK

Additional Classifications

Entry 1
Id
66113000
Scheme
CPV
Description
Credit granting services
Item 5
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UK

Additional Classifications

Entry 1
Id
66000000
Scheme
CPV
Description
Financial and insurance services
Item 6
Id
2
Related Lot
2

Delivery locations

Entry 1
Region
UK

Additional Classifications

Entry 1
Id
79100000
Scheme
CPV
Description
Legal services
Item 7
Id
3
Related Lot
3

Delivery locations

Entry 1
Region
UK

Additional Classifications

Entry 1
Id
66000000
Scheme
CPV
Description
Financial and insurance services
Item 8
Id
4
Related Lot
4

Delivery locations

Entry 1
Region
UK

Additional Classifications

Entry 1
Id
66113000
Scheme
CPV
Description
Credit granting services

Published documents

Entry 1
Id
technical
Document Type
technicalSelectionCriteria

Buyer, suppliers and contacts

Organisation 1
Id
GB-COH-11810533
Name
FAIR4ALL FINANCE LIMITED

Roles

buyer

Address

Region
UKI42
Locality
London
Postal Code
E16LS
Country Name
United Kingdom
Street Address
2nd Floor 28 Commercial Street

Details

Classifications

Entry 1
Id
BODY_PUBLIC
Scheme
TED_CA_TYPE
Description
Body governed by public law
Entry 2
Id
04
Scheme
COFOG
Description
Economic affairs

Identifier

Id
11810533
Scheme
GB-COH
Legal Name
FAIR4ALL FINANCE LIMITED

Contact

Name
Gary Stephens
Telephone
+44 7940519544
Organisation 2
Id
GB-FTS-537
Name
Royal Courts of Justice

Roles

reviewBody

Address

Locality
London
Postal Code
WC2A 2LL
Country Name
United Kingdom
Street Address
The Strand

Identifier

Legal Name
Royal Courts of Justice
Organisation 3
Id
GB-COH-OC322045
Name
Dentons UK and Middle East LLP

Roles

supplier

Address

Region
UK
Locality
London
Country Name
United Kingdom

Details

Scale
large

Identifier

Id
OC322045
Scheme
GB-COH
Legal Name
Dentons UK and Middle East LLP
Organisation 4
Id
GB-FTS-4500
Name
Royal Courts of Justice

Roles

reviewBody

Address

Locality
London
Postal Code
WC2A 2LL
Country Name
United Kingdom

Identifier

Legal Name
Royal Courts of Justice

Award information

Award 1
Id
033927-2025-1
Title
Lot 1 - Blue prints 1
Status
active

Suppliers

Supplier 1
Id
GB-COH-OC322045
Name
Dentons UK and Middle East LLP

Related lots

1
Award 2
Id
033927-2025-2
Title
Lot 2a - Implementation - Legal Advisor
Status
active

Suppliers

Supplier 1
Id
GB-COH-OC322045
Name
Dentons UK and Middle East LLP

Contracts and changes

Entry 1
Id
033927-2025-1
Title
Lot 1 - Blue prints 1
Status
active
Award ID
033927-2025-1
Date Signed
31 Aug 2023, 00:00

Value

Amount
30,000
Currency
GBP
Entry 2
Id
033927-2025-2
Title
Lot 2a - Implementation - Legal Advisor
Status
active
Award ID
033927-2025-2
Date Signed
31 Aug 2023, 00:00

Value

Amount
25,000
Currency
GBP

Recorded locations

  • Buyer location · London · UKI42 · E16LS · United Kingdom
  • Delivery location · UK

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-03c744-2025-06-20T09:34:17+01:00compiled ·