Ps25037 - Appointment Of Administrators For Innovate Uk Loans

  Address - United Kingdom

  Contact details - 565656565

  Tender notice no. - 76454545

  GT Ref Id - 104816659

  Document Type - Tender Notices

Description - Description: ***This is a Planned Procurement Notice, Not a Call for Competition***This notice is to inform the market of intention to Procure the Appointment of Administrators for Innovate UK Loans.At present the Innovate UK loan portfolio consists of around 260 businesses with an overall exposure of £219m. Due to the early-stage nature of the businesses in the portfolio the expectation is that a considerable number will not be successful in achieving their objectives and will ultimately be unable to repay their innovation loan as planned. If a company is in debt and cannot pay the money that it owes it will typically be placed into administration. To facilitate this process there will be

Gt Ref Id - 104816659

Deadline - Mar 11, 2026