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GB-Sheffield: Project Glastonbury 3

British Business Bank

This public procurement record has 1 release in its history.

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20 Jul 2026 at 09:30

Award Notice
Summary of the contracting process

British Business Bank PLC procured financial and insurance services for Project Glastonbury 3. The requirement is to appoint Citibank N.A. as calculation agent for an ENABLE Build Guarantee. The calculation agent role involves providing the specialist financial administration and calculation services required under the guarantee arrangement. The buying organisation is British Business Bank PLC, a development bank wholly owned by the UK Government, with its registered office in Sheffield. Delivery is identified as Yorkshire and the Humber, United Kingdom. This is a focused financial-services requirement rather than a general banking, construction or facilities-management contract. Businesses should therefore have a clear interest in guarantee administration, structured finance, calculation-agent services or related financial and insurance operations to regard the procurement as relevant.

The procurement has been completed and the tender status is complete. British Business Bank PLC awarded the contract to Citibank N.A. on 24 April 2026. The award is active and is valued at £78,828. The contract period runs from 1 June 2026 to 31 January 2030. The tender submission deadline was 23 April 2026. The procurement used a tender process for services, with the requirement described as engaging Citi as calculation agent for an ENABLE Build Guarantee. The award covers one requirement and one supplier; the awarded value is therefore presented as the value for this contract, not as a combined figure across multiple lots or awards. The procurement was assessed as unsuitable for SMEs and voluntary, community or social enterprises.

This award demonstrates demand from British Business Bank PLC for a specialist calculation-agent function within an ENABLE Build Guarantee. A credible future competitor would need strong institutional financial-services capability, experience handling guarantee or structured-finance arrangements, and the systems and controls needed to perform accurate, reliable calculations over a multi-year engagement. Relevant suppliers are likely to be established banks, financial institutions or specialist firms with sufficient operational resilience, governance, compliance expertise and capacity to support a public development bank. The recorded SME and VCSE suitability settings indicate that the requirement is aimed at larger, well-resourced organisations rather than smaller or community-based providers. Competitors should be able to evidence comparable calculation-agent or transaction-administration work, robust risk management and the ability to work within formal guarantee documentation and reporting requirements.

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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 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 Apr 20265 months ago
Contract Period
1 Jun 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
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
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)

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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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