Internal Audit Support - No Interest Loan Scheme

Tender description

Fair4All Finance is seeking a provider to deliver internal audit support to ensure that our delivery of the No Interest Loans Scheme (NILS) is compliant with the various funding agreements we enter into to finance the scheme. Fair4All Finance is procuring internal audit support to enable us to appoint a partner who can work with us to implement appropriate mechanisms to manage the funds we receive to deliver the NILS pilot in compliance with the various agreements. Our requirement for this work arises out of the multi-party funding arrangements for NILS, the principal contributor to which is Treasury (HMT) and where contributions are also expected from the Devolved Administrations, and, potentially, from other co-funders. We have commenced a market engagement on our plans for ahead of formally procuring this scheme from November 2021 with lending commencing in approximately September 2022 across six locations in England (three); Wales, Northern Ireland and Scotland. NILS product development is already underway and we have a small scale proof of concept (POC) also commencing delivery in December 2021 / January 2022. Further information is contained within the Procurement information available from the Fair4All Limited website. Lot 1: Please see tender documents