Financial Independence Support Services for Vulnerable Adults

Cardiff Council has commissioned a project titled "Financial Independence Support Services for Vulnerable Adults," aimed at providing vital financial guidance services in the health and social work sector. This initiative is directed towards vulnerable adults over 18 with care and support needs, intending to assist them in managing their financial matters. The procurement process is in the 'Award' stage, having been through a direct procurement method due to specific technical reasons, and is scheduled to begin on 23rd June 2025, with an end date projected for 31st March 2026.

The awarded contract, with potential renewal for an additional year, has been allocated a gross amount of £824,838 under the services category. The service delivery is situated in Cardiff, within the UK region UKL22, abiding by relevant Welsh devolved regulations. This contract presents significant opportunities for business growth for companies specialising in health and social work services, particularly SMEs experienced in financial advisory roles.

As the supplier, The Friendly Trust, a Cardiff-based SME, exemplifies the type of organisation suitable for this opportunity. Businesses capable of delivering comprehensive, end-to-end support services and fostering partnerships with local councils can find substantial growth and development potential in fulfilling such targeted community needs. Engaging in these service contracts can strengthen reputation and expertise in delivering public-sector services, opening avenues for additional procurement opportunities in public health and welfare sectors.