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C1235 - Legal Contract - Ashurst LLP

UK INFRASTRUCTURE BANK LIMITED

This public procurement record has 2 releases in its history.

AwardUpdate

25 Sep 2026 at 11:01

Award Notice
Award

19 Feb 2026 at 10:12

Award Notice
Summary of the contracting process

The National Wealth Fund Limited procured legal services from Ashurst LLP, with the requirement described as finance and high-risk or innovation legal work. The services support the Fund’s legal needs in these specialist areas. The buyer is based in Leeds, while the procurement describes delivery in the United Kingdom. The work was arranged through the Crown Commercial Service Legal Panel for Government framework, under its finance and high-risk/innovation lot. This is a services requirement, rather than a purchase of goods or construction work. The contract description records a zero expenditure commitment, so the stated contract value should not be read as a guaranteed level of spend.

The procurement is complete and awarded: Ashurst LLP was selected on 11 February 2026 through a direct framework call-off under the Crown Commercial Service Legal Panel for Government. The award value is £450,000, on a zero expenditure commitment basis. The contract period runs from 13 February 2026 to 12 February 2028, and the contract has been extended to that end date; an optional extension was also described. The procurement was divided by framework lot, with the relevant lot covering finance and high-risk/innovation work. Small and medium-sized businesses were identified as suitable. The award record does not set out a scored evaluation basis or specific eligibility tests beyond the framework call-off route.

This award shows that the National Wealth Fund buys specialist legal advice in finance and high-risk or innovation matters through a government legal-services framework. A credible competitor for a future requirement of this kind would need demonstrable expertise in financing and complex, high-risk or innovative work, together with the capacity to advise a public investment fund. The successful supplier was a large law firm, indicating that substantial legal capability is suited to the requirement, while the buyer also marked the opportunity as suitable for SMEs. Firms with relevant specialist teams and the ability to deliver through the applicable framework route are therefore the closest fit. The procurement provides evidence of demand for this specific combination of finance and innovation-related legal services, rather than general legal support.

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Notice Information

Notice Title

C1235 - Legal Contract - Ashurst LLP

Notice Description

Direct award under Crown Commercial Services Framework RM6360 Legal Panel for Government under Lot 3 - Finance and High Risk/Innovation The contract value is provided on the basis of a zero expenditure commitment. There is an optional extension till 12 February 2028. The contract has been extended to 12 February 2028.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2a642ae5-adeb-4d61-881c-7dd49f707a09
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/13a490a7-869f-48bc-9336-b348d722555d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£450,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Sep 20261 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
11 Feb 20268 months ago
Contract Period
13 Feb 2026 - 12 Feb 2028 1-2 years
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
UK INFRASTRUCTURE BANK LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Postcode Area
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

Ashurst LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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