Award

GB-Sheffield: Project Swift

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Award

17 Dec 2025 at 07:30

Award Notice
Summary of the contracting process

The British Business Bank Plc, a development bank owned by HM Government, has completed the procurement process under the title 'GB-Sheffield: Project Swift', aimed at enhancing digital capabilities and replacing its Enable Funding solution. This procurement falls under software consultancy services and covers the industry category classified by CPV code 72266000. The contract's scope encompasses service delivery in Yorkshire and the Humber, UK. The award stage was concluded with the contract awarded to 8th Light on the 22nd of October 2025, which commenced on 16th December 2025 and is set to end on 28th February 2026. The tender process involved considerations for build versus buy options, with no specific procurement method details provided.

Project Swift presents substantial opportunities for businesses involved in software consultancy to collaborate with the British Business Bank Plc. The procurement process offers unique prospects for companies experienced in software solutions for financial services to enhance system efficiency through innovative digital capabilities. Although the tender suitability is not explicitly aimed at SMEs or VCSEs, large-scale enterprises like 8th Light have been involved, showing viability for established organisations with robust software and consultancy capabilities to compete successfully. Engaging in such a contract can aid businesses in expanding their footprint in government-related sectors, promoting growth through strategic partnerships.

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Notice Information

Notice Title

GB-Sheffield: Project Swift

Notice Description

The Customer aims to enhance digital capabilities and internal software delivery by replacing its Enable Funding solution. The Customer is evaluating build vs. buy options for a new system of record. 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-b5fd17-96cfb051-b187-4b22-abb2-d1e076e2dcaa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d5fdae42-3985-4619-8cb9-cf95381986dc
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

72 - IT services: consulting, software development, Internet and support

CPV Codes

72266000 - Software consultancy services

Notice Value(s)

Tender Value
£55,400 Under £100K
Lots Value
Not specified
Awards Value
£55,400 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Dec 20252 months ago
Submission Deadline
20 Oct 2025Expired
Future Notice Date
Not specified
Award Date
21 Oct 20254 months ago
Contract Period
16 Dec 2025 - 28 Feb 2026 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
Procurement
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
01142062134

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

8TH LIGHT

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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