Stockton-on-tees Borough Council · Awarded contract

Awarded

Early Payments Solution Call-Off from NEPO521 Framework by Stockton-on-Tees Borough Council

Awarded 02 Feb 2026

View live tenders

Awarded02 Feb 2026

Value£120,000.00

SupplierOxygen Finance Limited

AgencyStockton-on-tees Borough Council

RegionNorth East

CategoryFinance & Insurance

Expires in 4y 3mo4y 12mo term, 15% elapsed

Awarded 2 Feb 2026Expires 31 Jan 2031

About

Stockton-on-Tees Borough Council awarded a contract to Oxygen Finance Limited for an Early Payments Solution under the NEPO521 framework agreement.

The scheme allows discounts to be taken from supplier invoices in exchange for early payment, with the fee calculated dynamically as a percentage discount against the gross invoice value based on the number of days payment is accelerated.

The programme aims to generate new income for the council and inject liquidity into the supply chain, particularly the local economy.

Stockton will work with Darlington Council through Xentrall Shared Services for invoice processing, with mobilisation expected to take circa 6 months.

Each council will have a separate contract with the supplier.

The contract value is AUD 120,000.

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