Award

GB-Sheffield: Standard Economic Forecasts and Scenarios

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Award

17 Jun 2025 at 13:05

Award Notice
Summary of the contracting process

The public procurement process conducted by the British Business Bank plc (BBB), headquartered in Sheffield, has culminated in the award of a contract titled "GB-Sheffield: Standard Economic Forecasts and Scenarios". This contract, identified by the CPV code 79311400, falls under the industry category of Economic Research Services. The procurement reached the award stage with the successful offeror being Oxford Economics Limited. The contract is valued at £46,169 and commenced on 7th May 2025, with a completion date of 6th May 2027. The services were required across a diverse geographical scope, including the UK, Europe, and other global locations. Although specific procurement methods were not detailed, the process accommodated a structured tender period that ended on 28th April 2025.

This tender presents lucrative opportunities for businesses specialising in economic analysis and forecasting, offering a substantial two-year engagement under the patronage of a government-owned financial institution. Companies with robust expertise in delivering economic research services, whether operating on a national or international scale, could find valuable growth potentials through such contracts. While BBB discourages SME and VCSE participation in this particular tender, large-scale firms with the capability to provide comprehensive economic scenarios would be well-positioned to compete in similar future opportunities by building a credible track record in this arena.

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Notice Information

Notice Title

GB-Sheffield: Standard Economic Forecasts and Scenarios

Notice Description

2 year contract for Standard Economic Forecasts and Scenarios at BBB. 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 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-a4ee4bcf-93e7-4c18-92b7-1dbc37f72884
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/862d3428-2f05-4eac-bc9d-520f4dedd888
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

79311400 - Economic research services

Notice Value(s)

Tender Value
£46,169 Under £100K
Lots Value
Not specified
Awards Value
£46,169 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jun 20258 months ago
Submission Deadline
27 Apr 2025Expired
Future Notice Date
Not specified
Award Date
27 Apr 202510 months ago
Contract Period
6 May 2025 - 6 May 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 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 2GC
Post Town
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Supplier Information

Number of Suppliers
1
Supplier Name

OXFORD ECONOMICS

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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