Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

GB-Sheffield: Advising BBI on its participation on a Fund

British Business Investments Ltd

This public procurement record has 2 releases in its history.

AwardUpdate

27 Jul 2026 at 12:00

Award Notice
Award

24 Apr 2026 at 08:40

Award Notice
Summary of the contracting process

British Business Investments Ltd, part of the British Business Bank group, procured legal advisory services to support its participation in a fund. The requirement concerns advice on the investment and participation arrangements associated with that fund. The buying organisation is based at Steel City House in Sheffield, and delivery is in Yorkshire and the Humber, United Kingdom. The procurement is categorised as legal services, under CPV 79100000. The buyer is a government-owned development-bank group company. The work is therefore suited to legal practices advising institutional investors, financial institutions or public-sector investment bodies on fund structures, investment transactions and related governance or regulatory matters.

This procurement has been awarded and the tender is complete. The contract was awarded to Simmons & Simmons LLP on 18 February 2026. Its value is £35,000, with the scope subsequently increased by £15,000 on 27 July 2026 for additional work; the published tender value is £35,000. The contract period runs from 19 February 2026 to 31 March 2027. It was procured in line with the bank’s standard financial instructions. The award was made for legal services, with the requirement treated as unsuitable for SMEs and voluntary, community or social enterprises. The recorded tender deadline was 18 February 2026.

For firms assessing future work from this buyer, the award demonstrates demand for specialist legal advice connected with participation in investment funds. A credible competitor would need demonstrable experience advising institutional or public-sector investors on fund participation, investment structures and associated legal documentation. The selected supplier is a large law firm, indicating that the requirement was handled by an organisation with substantial specialist capacity and the ability to support a regulated, financially sophisticated client. Relevant strengths would include a strong financial-services or investment-funds practice, experience of complex transactions, and capacity to provide responsive advice through the life of an investment arrangement. Firms outside the SME category may be better aligned with the buyer’s recorded suitability position.

How relevant is this notice?

Notice Information

Notice Title

GB-Sheffield: Advising BBI on its participation on a Fund

Notice Description

NOTE: This notice was updated on 27 July 2026 for the following reason: PS15,000 added for additional scope(Advising BBI on its participation on a Fund this has been procured inline with the banks standard financial instruction) 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-b5fd17-62447382-cbf0-48cc-9f84-2c855fa0b9e8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/17f47029-7b51-4340-9775-efd7d3202f8c
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
£35,000 Under £100K
Lots Value
Not specified
Awards Value
£35,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jul 20261 months ago
Submission Deadline
18 Feb 2026Expired
Future Notice Date
Not specified
Award Date
18 Feb 20266 months ago
Contract Period
19 Feb 2026 - 31 Mar 2027 1-2 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 Investments Ltd
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
S
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

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.

Loading OCDS record...