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Health Cash Plan

British Business Bank

This public procurement record has 1 release in its history.

Award

17 Sep 2026 at 10:43

Award Notice
Summary of the contracting process

British Business Bank PLC procured a health care cash plan renewal for its workforce. The requirement is a health insurance service, covering the provision and administration of benefits under a health cash plan rather than medical treatment or construction works. Delivery is across the United Kingdom. The buying organisation is based at Steel City House in Sheffield. This is a service opportunity suited to providers of employee health cash plans, health insurance products and associated member administration. The procurement is classified under CPV 66512200, health insurance services. The stated requirement is a renewal, indicating an established employee benefit arrangement that the buyer needs a supplier to continue providing and managing.

The procurement is complete and has been awarded following a limited competitive quotation procedure below the threshold. The tender submission deadline was 1 April 2026, and the contract was awarded on that date. Health Shield Insurance Services Limited was selected for the contract at an awarded value of £163,464. The contract runs from 1 July 2026 to 30 June 2027. The overall estimated procurement value is also £163,464. The process was a single health cash plan requirement, with no separate lots identified. The opportunity was marked as suitable for small and medium-sized enterprises, while the evaluation basis recorded is the competitive quotation process itself. The award is active and the tender status is complete.

This award demonstrates demand from British Business Bank PLC for a managed employee health cash plan delivered nationally in the UK. It is relevant to insurers, health cash plan providers and specialist employee-benefits administrators that can support an established corporate scheme and provide reliable ongoing member service. A credible future competitor would need the operational capability to administer health insurance benefits at organisational scale, manage enrolment and claims-related processes, and maintain consistent service for employees throughout the arrangement. The requirement is identified as suitable for SMEs, so a smaller specialist provider with a robust delivery model may be able to compete alongside larger insurers. The selected supplier’s profile shows that the buyer accepted a large established provider for this service.

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Notice Information

Notice Title

Health Cash Plan

Notice Description

Health Care Cash Plan renewal

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-18faa529-5125-431c-86dd-2414c2ff3475
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f43c518a-85a7-40bd-b3a5-e709836adaf0
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66512200 - Health insurance services

Notice Value(s)

Tender Value
£163,464 £100K-£500K
Lots Value
Not specified
Awards Value
£163,464 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Sep 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Apr 20266 months ago
Contract Period
1 Jul 2026 - 30 Jun 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
British Business Bank
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Postcode Area
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

Health Shield Insurance Services Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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