Decision

That the Homeless Prevention contract be awarded via exemption from tendering to Lewisham Plus Credit Union Ltd for a term of 10 years (with the option to extend for two further periods of 5 years each) at an estimated annual value of £4,800 (whole life of £96,000 inclusive of extensions options).

That authority be delegated to the Chief Officer to apply the extensions options in due course, subject to agreement with the Assistant Director: Governance and Contracts, the Director of Corporate Services, the Director of Finance and the Portfolio Holder of Renewal, Recreation and Housing.

Reasons for the decision

The Local Authority has held a contract with Lewisham Plus Credit Union Ltd for the administration of homeless prevention funds since 1 June 2011, with the existing contract period due to end on 31 May 2024.  Lewisham Plus Credit Union Ltd offers low-cost loans to service users through the homeless prevention fund on terms specified by the Council.  These loans enable service users to pay rent deposits to secure alternative accommodation, pay off any accumulated rent arrears to avoid eviction and purchase white goods or flooring where there are no alternative provisions.  Lewisham Plus Credit Union Ltd is the only Credit Union authorised by the Bank of England to operate within Bromley.