Loading page content…
Loading page content…
Loading contract search results…
Loading contract details…
| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | Department for Education |
| Main Category: | Services |
| Procurement Method: | Open procedure (above threshold) |
| Tender Status: | Closed |
Pipeline status
Not addedImports the contract into your BidWriter pipeline · Qualify before you commit to bid
Application Deadline
5 April 2024
Closed
Estimated Value
£174,000
Need help writing this bid?
Our specialists write winning tender responses. Free consultation, no obligation.
Book a free consultation →| Estimated Value (ex. VAT): |
| £174,000 |
| Release Date: | 31 October 2024 |
| Application Deadline: | 5 April 2024 |
| Contract Start Date: | 29 September 2024 |
| Contract End Date: | 28 September 2026 |
| Contract Duration: | 2.0 years |
| Procurement ID (OCID): | ocds-b5fd17-c9b5efa8-7966-4825-ad56-05509b3a8717 |
| Notice Reference: | e362a0ee-31d6-4171-9304-74ca8bfa00e4-798928 |
View Original Notice
Access the full notice on the official portal
Awarded to
| Award value: | £174,000 |
| Award decision date: | 29 September 2024 |
| Award status: | Active |
In April 2014, the DfE launched a consultation which sought views on the acceptability of a Sharia-compliant alternative student finance (ASF) product. Following a positive response to the proposal, the Government committed to the introduction of an ASF product, using the Islamic finance principle of 'Takaful' to provide a form of group-based mutual support. The Government has since legislated to make a system of ASF possible, when the power for this was taken in the Higher Education and Research Act 2017 and has worked with specialist advisers on the development of an ASF model. Alongside this, the Government has been reforming the student finance system to put it on a sustainable footing for the long term and is introducing the Lifelong Learning Entitlement (LLE), that will significantly change the ways students can access learning and financial support. In March 2023, as part of the LLE consultation response, the DfE committed to delivering ASF as soon as possible after the introduction of the LLE. In August 2023, the Student Loans Company (SLC) started work on understanding the timescales for delivering an ASF product and, to support this, are being provided with specialist advice by Islamic finance experts.
Published contracts in the last 12 months
971
total contracts
£14655.8m
total value
£23,116,398
average contract size
Special Educational Needs and Disabilities (SEND) and Inclusion Continuing Professional Development (CPD) Framework
Department for Education · WAC-640581
Kinship Support Service for Kinship Carers in England
Department for Education · WAC-640389
Schools Gigabit Broadband
Department for Education · WAC-639366