IT services: consulting, software development, Internet and support

Tender description

The British Business Bank delivers a product to the financial markets known as the Enterprise Finance Guarantee (EFG). This product is administered via a web portal which is currently built on code which is expensive to maintain and lacks flexibility for future development and growth. We are therefore seeking an experienced developer to initially build a new web portal with sufficient capacity and flexibility to support the planned EFG growth and allow the Bank to develop further guarantee products. The Enterprise Finance Guarantee (EFG) Programme administered by the British Business Bank has been enabling accredited lenders to provide additional debt finance to Small and Medium Sized Enterprises (SMEs) since 2009. It can be used where an SME has a sound borrowing proposal that is capable of repayment of the debt but has inadequate security to meet the lender's normal security requirements. In such a scenario a lender can use EFG to provide security which the SME unable to provide.