Award

PAN3214 - Banking Services

LEICESTER CITY COUNCIL

This public procurement record has 1 release in its history.

Award

11 Mar 2026 at 12:28

Summary of the contracting process

Leicester City Council has awarded a contract to Barclays Bank PLC for the provision of banking services, a process initiated through a direct award under the NEPO531 Framework Agreement for General Banking Services. This contract, with a total value of £600,000, commences on 1st April 2026 and spans eight years, including an initial term of four years with the possibility of extension for an additional four years. The services are classified under 'Financial and Insurance Services' and are delivered in the region of England, UK. Although the tender stage is complete, businesses interested in similar opportunities should note the significance of direct award processes in financial services within this geographical area.

This award reflects strategic growth potential for large-scale financial institutions looking to solidify relationships with public sector entities like local councils, as it demonstrates the trust and reliance placed upon established financial service providers. While this contract isn't suitable for SMEs or VCSEs, enterprises with robust capabilities in handling public sector banking services could find lucrative prospects by exploring participation in similar frameworks and direct award contracts. Successful engagement in such procurement processes can foster long-term partnerships and bolster business credentials within the public sector services market.

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Notice Title

PAN3214 - Banking Services

Notice Description

Leicester City Council has entered into a contract for the provision of their banking services. For a term of 4 years with an option to extend for a further 4 years. The award is in accordance with the NEPO531 Framework Agreement for the provision of General Banking Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6d58c205-279f-4fdf-9306-da89c499092d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e9b7ec66-ad7c-40ca-bb15-4522d7652a52
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
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
£600,000 £500K-£1M
Lots Value
Not specified
Awards Value
£600,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
11 Mar 20263 days ago
Submission Deadline
1 Dec 2025Expired
Future Notice Date
Not specified
Award Date
11 Mar 20264 days ago
Contract Period
31 Mar 2026 - 31 Mar 2034 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
LEICESTER CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEICESTER
Postcode
LE1 1FZ
Post Town
Leicester
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF21 Leicester
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Leicester
Electoral Ward
Castle
Westminster Constituency
Leicester South

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS BANK

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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