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GB-Sheffield: Legal services advising BPC on its participation with a Fund

British Patient Capital Limited

This public procurement record has 2 releases in its history.

AwardUpdate

17 Sep 2026 at 10:20

Award Notice
Award

22 Apr 2026 at 14:40

Award Notice
Summary of the contracting process

British Patient Capital Limited procured legal advisory services for its participation in a fund. The requirement covers specialist legal support connected with the buyer’s investment activity and fund participation. It is a professional services contract, classified under CPV 79100000 (legal services), rather than a goods supply or construction project. The buying organisation is British Patient Capital Limited, based at Steel City House in Sheffield. Delivery is associated with Yorkshire and the Humber, United Kingdom. The work is relevant to law firms and legal practices advising institutional investors, development finance organisations or comparable public-sector investment bodies on fund structures, participation arrangements and related legal matters. The buyer is part of the British Business Bank group, a government-owned development banking organisation.

This procurement has been completed and awarded. Ashurst was selected as supplier for £40,000, with the award made on 17 February 2026. The contract ran from 18 February 2026 to 31 March 2026. The tender submission deadline was 17 February 2026. The procurement was for services and followed a tender process; the published data does not identify a specific procurement method or award-scoring basis. The original scope was subsequently increased by £25,000 because the work expanded, although the recorded award value is £40,000. The opportunity was not identified as suitable for small or medium-sized enterprises or voluntary, community and social enterprises. It was a single requirement rather than a set of separately described lots.

This award demonstrates demand from British Patient Capital Limited for external legal advice on participating in a fund. A credible competitor for comparable work would need a strong financial-services and investment-funds practice, with lawyers able to advise an institutional or public-sector investment organisation on fund participation, transaction structures and associated legal risk. Experience of advising development finance bodies, investment funds or similar regulated financial stakeholders would be commercially relevant. The selected supplier was recorded as a large organisation, indicating that the buyer placed the work with a firm able to provide specialist capability and sufficient corporate capacity. Firms considering future comparable requirements should be able to show coordinated senior legal expertise, relevant fund experience and the resources to support a time-sensitive investment mandate.

How relevant is this notice?

Notice Information

Notice Title

GB-Sheffield: Legal services advising BPC on its participation with a Fund

Notice Description

NOTE: This notice was updated on 17 September 2026 for the following reason: Additional PS25,000 added due to increase scope of work(Legal services advising BPC on its participation with 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-d47971b3-9a8a-4579-af9b-aef6b7641b20
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/dfb4c024-c3f5-4344-bf5c-63ec331aa9ef
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
£40,000 Under £100K
Lots Value
Not specified
Awards Value
£40,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Sep 20261 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
17 Feb 20268 months ago
Contract Period
18 Feb 2026 - 31 Mar 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 Patient Capital 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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