Award

GB-Sheffield: Finance Innovation Lab - horizon scanning

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Award

01 Apr 2025 at 14:00

Award Notice
Summary of the contracting process

The British Business Bank PLC has awarded a contract titled "GB-Sheffield: Finance Innovation Lab - horizon scanning" to Finance Innovation Lab, focusing on business and management consultancy services. The contract involves conducting a horizon-scanning baseline exercise of sustainability-related factors relevant to the Bank's strategic objectives and financial performance. The contract period commenced on 14 February 2025 and concluded on 31 March 2025, with the procurement status marked as complete. The procurement stage is the award, and the process falls under the services category. The primary location for the delivery of services is Yorkshire and the Humber, United Kingdom, with a total contract value of £25,000.

This tender presents significant opportunities for growth for businesses specialising in financial consultancy, sustainability, and strategic analysis. Companies capable of providing bespoke reports and insights into the UK financial sector policy, particularly those catering to smaller businesses, start-ups, and venture-backed growth companies, would be well-positioned to compete. While the British Business Bank is seeking expertise in evaluating the extent and likelihood of impacts on financial institutions, businesses that excel in such analysis could leverage the insights gained to enhance their service offerings and capture more market share.

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Notice Information

Notice Title

GB-Sheffield: Finance Innovation Lab - horizon scanning

Notice Description

We need to carry out a horizon-scanning baselining exercise of sustainability-related factors that may be relevant to the Bank's achievement of its strategic objectives and to its financial performance. The Financial Innovation Lab produces a report on UK financial sector policy that is updated monthly. In producing the report, the Lab monitors a wide range of sources of information and analysis. We would be commissioning a bespoke one-off report, based on the FSP Forward Look, that: * Allows BBB to make use of the contents for commercial purposes * Identifies issues that: * may impact directly on BBB * are most relevant to BBB's customers, namely UK smaller businesses, start-ups and venturebacked growth companies * may impact on the ability of non-deposit-taking small and medium sized financial institutions (SME FIs) to provide finance to the Bank's customers * Evaluates the identified issues in terms of the potential extent and likelihood of impacts Additional information: This has been procured in line with the banks financial instruction

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4db64d04-f983-440e-b70c-15dda47c8d9d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/93724ae8-f90f-4e45-9f43-506344a42e39
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£25,000 Under £100K
Lots Value
Not specified
Awards Value
£25,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Apr 202510 months ago
Submission Deadline
12 Feb 2025Expired
Future Notice Date
Not specified
Award Date
12 Feb 20251 years ago
Contract Period
14 Feb 2025 - 31 Mar 2025 1-6 months
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

FINANCE INNOVATION LAB

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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