Design of a Temporary Partial Credit Guarantee Scheme
The Irish Government has decided to develop a targeted temporary partial credit guarantee scheme as announced in the Jobs Initiative launched in May 2011. The Scheme is intended to address specific market failures that prevent bank lending to some commercially viable businesses by providing a level of guarantee to banks against losses on qualifying loans to job-creating firms.
Target groups are commercially viable SME businesses, i.e. SME businesses that can demonstrate repayment capacity for the additional credit facilities, but that do not secure credit facilities due to the following two market failures:
1) Insufficient collateral for the additional facilities or,
2) Growth / expansionary SMEs which due to their sectors, markets or business model are perceived as a higher risk under current credit risk evaluation practices.
The successful tenderer(s) will be required to deliver an evidence-based proposal which outlines the design and establishment of a successful temporary partial credit guarantee scheme and to provide turnkey project support for full scheme design. The design of the scheme will draw from international experience to support new lending that would not otherwise have been extended by the banks. In this way, the scheme will complement, rather than be a substitute for, existing lending activities by the main financial institutions.
The project is envisaged to be completed by early October 2011, to allow for a scheme to be in operation by November 2011.
This is a voluntary OJEU notice as the estimated cost for this design phase is under the 125 000 EUR threshold. See also section V1.3 (5) below.
NOTE: To register your interest in this notice and obtain any additional information please visit the eTenders Web Site at
http://www.etenders.gov.ie/Search/Search_Switch.aspx?ID=248592.
Deadline
The time limit for receipt of tenders was 2011-07-07.
The procurement was published on 2011-06-15.
Suppliers
The following suppliers are mentioned in award decisions or other procurement documents:
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Procurement history
| Date |
Document |
| 2011-06-15
|
Contract notice
|
| 2011-09-09
|
Contract award notice
|