Tender

BBB Structured Finance Legal Services Panel

BRITISH BUSINESS BANK

  • Contract Timeline

    Publication Date

    8th September 2023 10:20:03 AM

    Tender Deadline

    12th October 2023 23:00:00 PM   Expired

  • Contract Summary

    Overview Prior Information Notice to inform the market of the intention to undertake a procurement exercise by which to create a framework (the "Framework") for the appointment of a BBB Structured Finance Legal Services Panel. Introduction The British Business Bank plc ("BBB") is an economic development bank which is 100% owned and funded by the UK Government. Established on 1 November 2014, the BBB's mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses. BBB brings together expertise and funding to support economic growth by improving the UK's business finance markets. BBB invests or administers Government funding alongside or through private sector partners and uses targeted guarantees and funding options to encourage more private sector lending and investment. British Business Financial Services Ltd ("BBFSL") administers certain programmes on behalf of HM Government. British Business Investments Limited ("BBI") is part of the BBB's commercial arm. BBFSL and BBI are both wholly owned subsidiaries of BBB. In support of the delivery of its programmes, BBB are issuing this Prior Information Notice ("PIN") to inform the market of their intention to undertake a procurement exercise for the appointment of a BBB Structured Finance Legal Services Panel for provision of legal advice services in relation to structured finance transactions pursuant to programmes administered by BBB, BBFSL, BBI or their respective subsidiaries. Pursuant to the Framework, the Panel will provide advice to the Buyers relating to the following programmes (the "Programmes"): (a)ENABLE Guarantees with bank counterparties; (b)ENABLE Guarantees with non-bank financial institution counterparties; (c)ENABLE Funding warehouse facilities; (d)ENABLE Funding securitisation transactions; (e)the Recovery Loan Scheme (and its predecessor direct guarantee schemes); (f)regulatory capital transactions with UK challenger banks; (g)amendment, restatement or termination of existing transactions; and (h)other financial transactions under programmes that may be introduced in the future. Further details about the BBB and the Programmes is available at https://www.british-business-bank.co.uk/. Framework Overview BBB will use the Framework for the majority of their external legal needs that specifically relate to the Programmes but will continue to use other procurement routes in parallel for other areas of business. Nature of Services (i)BBB welcome Suppliers with the requisite skills to provide legal services relevant to the Programmes, including but not limited to: (i)advice relating to finance, debt capital markets, guarantees, trusts, bank lending, structured finance, derivatives and/or securitisation as required; (ii)corporate and contract law advice; (iii)financial and non-financial regulatory advice; (iv)consumer credit and real estate finance advice; (v)where applicable,

  • Contract Details

    Open Contracting ID

    ocds-b5fd17-2568a2a8-d189-44cc-94c7-20e73653f593

    Publication Source

    Contracts Finder

    Procurement Stage

    Tender

    Procurement Method

    N/A

    Procurement Method Details

    Procurement Category

    Services

    Tender Suitability

    SME

    Framework / DPS

  • Contract Classification

    CPV Code(s)

    79100000

    CPV Division(s)

    79 - Business services: law, marketing, consulting, recruitment, printing and security

  • Awarding Authority

    BRITISH BUSINESS BANK

    Buyer Name

    Buyer Email

    procurement@british-business-bank.co.uk

    Buyer Phone

    +441142062134

    Buyer Address

    Steel City House, West Street

    Sheffield

    S1 2GQ

    UK