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GB-Sheffield: Legal services

British Business Investments Ltd

This public procurement record has 2 releases in its history.

AwardUpdate

27 Jul 2026 at 09:30

Award Notice
Award

22 Apr 2026 at 14:20

Award Notice
Summary of the contracting process

British Business Investments Ltd, part of the British Business Bank group, procured legal services to advise on its participation in a fund. The work was for the buyer’s investment and financial activities and included additional scope relating to that fund participation. The buyer is based at Steel City House in Sheffield. Delivery was in Yorkshire and the Humber. The procurement was for services rather than goods or construction works, and the relevant classification is legal services (CPV 79100000). The requirement would suit a legal practice advising development banks, investment institutions or other financial organisations on fund participation and related matters. The buyer is a government-owned development banking group, although British Business Investments Ltd is the contracting organisation named for this requirement.

The procurement is complete and was awarded to Simmons & Simmons LLP. The award was made on 17 February 2026 for £35,000 including the later £15,000 increase for additional scope. The contract ran from 18 February 2026 to 31 March 2026. Bids closed on 17 February 2026. The procurement used a tender process for legal services; the available record does not set out a separate procedure label or evaluation weighting. The award is active. The requirement was treated as a single service package rather than separate lots. The published update states that the additional advice on participation in the Fund was procured in line with the bank’s standard financial instruction. Simmons & Simmons LLP was the sole named awarded supplier.

This award shows demand from British Business Investments Ltd for specialist legal advice connected with participation in an investment fund. A credible future competitor would need a strong financial-services and investment practice, with experience advising institutional or development-bank clients on fund structures, participation arrangements and associated legal risk. Relevant teams would need to handle focused, time-sensitive advice and work within a public-sector development bank’s standard financial instructions. The successful supplier was a large law firm, indicating that the buyer accepted a provider with the capacity to supply established specialist expertise and manage additional scope as the requirement developed. Firms seeking similar work should be able to demonstrate comparable fund and financial-services experience, reliable delivery and the organisational capacity to support a government-owned investment institution.

How relevant is this notice?

Notice Information

Notice Title

GB-Sheffield: Legal services

Notice Description

NOTE: This notice was updated on 27 July 2026 for the following reason: Increased by PS15,000 to cover additional scope of work(Advising BBI on its participation in the 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-e4e06238-bd84-4301-b0e9-64bd5c640fca
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/20e7ed1c-cfc6-447f-9fbb-766417890a24
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
17 Feb 2026Expired
Future Notice Date
Not specified
Award Date
17 Feb 20266 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 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
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

Simmons & Simmons Llp

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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