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British Growth Partnership (BGP) Valuation

British Business Bank

This public procurement record has 1 release in its history.

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16 Sep 2026 at 18:28

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Summary of the contracting process

British Business Bank plc procured evaluation consultancy services to provide independent assurance and expert guidance on the valuation framework for the British Growth Partnership and its implementation. The requirement covers specialist review and advice on how the valuation framework operates, supporting confidence in its application. The work is delivered for the bank in the United Kingdom. It falls within the broader category of independent assurance, including reviews and investigations, and is classified under CPV 79419000. This is a professional services requirement for firms with expertise in valuation, assurance and the assessment of financial or investment-related frameworks, rather than a goods supply or construction project.

The procurement has been completed and awarded following a further competition under the GCA Audit and Assurance Services Two Framework, Lot 4, for other independent assurance. It used a selective call-off procedure from the framework. The tender submission deadline was 27 March 2026, and the contract was awarded on 28 August 2026 to PricewaterhouseCoopers LLP. The awarded contract value is £480,000. The contract runs from 28 August 2026 to 27 August 2029. The requirement was evaluated as a professional services competition for independent assurance and valuation expertise. The contract is active and the selected supplier is PricewaterhouseCoopers LLP.

This procurement indicates demand from British Business Bank plc for established, independent advisers able to scrutinise a valuation framework and guide its practical implementation. Credible competitors would need strong valuation capability alongside assurance, review and investigation experience, with the authority to provide objective challenge and expert advice to a public financial institution. Experience assessing complex methodologies, controls, assumptions and their application would be relevant, as would the ability to produce clear, defensible findings for senior stakeholders. The route used was a framework call-off through a specialist independent-assurance lot, so suppliers seeking comparable work should be able to operate within, or build relationships through, public-sector assurance frameworks and demonstrate capacity for a substantial multi-year advisory engagement.

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Notice Information

Notice Title

British Growth Partnership (BGP) Valuation

Notice Description

For the provision of providing independent assurance and expert guidance on the valuation framework and its implementation. This procurement was done via a further competition conducted under is GCA Audit and Assurance Services Two Framework (RM6310). Lot 4: Other Independent Assurance (Independent assurance reviews including special purpose reviews and investigations)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-31193483-4ce2-4e42-854e-c961e32773eb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/32e49c6d-1649-4668-b760-6ca64f72fe52
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79419000 - Evaluation consultancy services

Notice Value(s)

Tender Value
£480,000 £100K-£500K
Lots Value
Not specified
Awards Value
£480,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Sep 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
28 Aug 20261 months ago
Contract Period
28 Aug 2026 - 27 Aug 2029 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
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

PricewaterhouseCoopers LLP

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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