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GB-Sheffield: Project Glastonbury 3

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Award

20 Jul 2026 at 08:30

Award Notice
Summary of the contracting process

The public procurement process for "GB-Sheffield: Project Glastonbury 3" was conducted by the British Business Bank PLC, a development bank wholly owned by HM Government. This contract falls under the "Financial and insurance services" category, specifically requiring a Calculation Agent for an ENABLE Build Guarantee. The procurement was completed with Citibank N.A. as the awarded supplier. The project is situated in Yorkshire and the Humber, UK, with the contract period commencing on 1st June 2026 and ending on 31st January 2030. The total contract value is £78,828. The procurement process's award stage was completed on 24th April 2026.

This tender presents a significant opportunity for large financial institutions experienced in acting as calculation agents or providing similar financial services. Companies with a robust understanding of financial guarantees and the capability to operate within government frameworks would be well-suited to engage in this type of procurement. While the process is already completed, similar future opportunities could provide substantial growth for businesses able to furnish highly specialised financial services to government-supporting financial entities. Additionally, it’s important to note the British Business Bank's unique role which might imply future procurements in innovative financial projects.

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Notice Information

Notice Title

GB-Sheffield: Project Glastonbury 3

Notice Description

Engage Citibank N.A. ("Citi") as Calculation Agent for a ENABLE Build Guarantee Additional information: British Business Bank Plc, registered in England and Wales, registration number 08616013, registered office Steel City House, West Street, Sheffield, S1 2GQ, a development bank wholly owned by the HM Government. It and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at www.british-business-bank.co.uk.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-30cacc1c-8899-445b-aae5-33b757c507fb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/71d744fd-b312-4bbe-854c-d3b7b98d085f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£78,828 Under £100K
Lots Value
Not specified
Awards Value
£78,828 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jul 20262 weeks ago
Submission Deadline
22 Apr 2026Expired
Future Notice Date
Not specified
Award Date
23 Apr 20263 months ago
Contract Period
31 May 2026 - 31 Jan 2030 3-4 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
BRITISH BUSINESS BANK PLC
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
Post Town
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
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

CITIBANK N.A

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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