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GB-Sheffield: Legal services for BBFSL

British Business Financial Services Limited

This public procurement record has 1 release in its history.

Award

27 Jul 2026 at 08:40

Award Notice
Summary of the contracting process

British Business Financial Services Limited, part of the British Business Bank group, commissioned legal services to review an investment agreement and provide a report on it. The requirement falls within legal services, covering finance and high-risk or innovation-related investment work. The buyer is based at Steel City House on West Street in Sheffield, and delivery is identified in Yorkshire and the Humber. The wider group is a UK Government-owned development bank, although the procurement is specifically for British Business Financial Services Limited. The work concerns legal review and advice rather than general banking, lending or financial services operations. It would suit law firms with experience advising on investment agreements and related finance transactions for public-sector or development-bank organisations.

This procurement is complete and has been awarded. British Business Financial Services Limited used the Crown Commercial Services Legal Panel RM6360, Lot 3, covering finance and high-risk or innovation work. The tender submission deadline was 16 April 2026, and the award was made on 17 April 2026. Ashurst LLP was selected for an awarded value of £32,000. The contract runs from 26 May 2026 to 31 March 2027. The procurement is for services and was evaluated through the panel route; the available record does not state a separate quality or price weighting. The stated requirement was to review the investment agreement and provide a report, within a contract period of just over ten months.

This award indicates a requirement for specialist legal advice on investment agreements involving finance, high-risk matters and innovation. A credible future competitor would need strong transactional and advisory capability in these areas, with experience reviewing complex investment documentation and producing clear, decision-ready reports. Understanding the needs of a government-owned development-bank group and its subsidiary structure would be relevant, as would the ability to advise an organisation whose activities are distinct from regulated banking. The route used here also shows the importance of access to the Crown Commercial Services Legal Panel, specifically its finance and high-risk or innovation provision. Firms seeking comparable work would therefore need the relevant panel standing, appropriately experienced lawyers and capacity to support a focused review through to written advice.

How relevant is this notice?

Notice Information

Notice Title

GB-Sheffield: Legal services for BBFSL

Notice Description

Reviewing and providing a report on the investment agreement, BBB have utilised the Crown Commercial Services (CCS) Legal Panel RM6360 Lot 3 Finance and High Risk / Innovation 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-b5fd17-5b0ec250-6641-40ef-a062-06f451452129
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d180fcdc-6f8a-4d1b-ba28-f7407bc269bc
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

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

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£32,000 Under £100K
Lots Value
Not specified
Awards Value
£32,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
17 Apr 20265 months ago
Contract Period
26 May 2026 - 31 Mar 2027 6-12 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 Financial Services 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
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

Ashurst 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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