Award

GB-Sheffield: Project Shield

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Award

04 Nov 2025 at 15:40

Award Notice
Summary of the contracting process

The British Business Bank PLC, wholly owned by HM Government and located in Sheffield, has completed a procurement process titled "GB-Sheffield: Project Shield" within the banking and investment services category. The process involved engaging Citibank N.A. as the Calculation Agent for a ENABLE Build Guarantee with a contract valued at £83,487.50. This procurement operates in the Yorkshire and the Humber region and entered the "Award" stage as of 30th October 2025. The contract period is scheduled to commence on 1st December 2025 and conclude on 31st May 2030. Although the specific procurement method was not detailed, the primary procurement category is services.

This contract presents significant growth opportunities for businesses capable of delivering banking and investment services. Though the procurement process was not strictly designed for SMEs or businesses from the voluntary, community and social enterprise (VCSE) sector, large-scale firms, particularly those in financial services, would have been best suited to participate. This engagement with Citibank N.A. highlights the demand for specialized financial and investment skills, positioning qualified companies to leverage similar future opportunities with government-backed institutions.

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Notice Information

Notice Title

GB-Sheffield: Project Shield

Notice Description

Engage Citibank N.A. ("Citi") as Calculation Agent for a ENABLE Build Guarantee 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-e7549521-54c4-4190-ade3-c69970ee026f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/30e5d733-176f-4c56-aaa3-9f35fc7e3af5
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

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£83,487 Under £100K
Lots Value
Not specified
Awards Value
£83,487 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Nov 20253 months ago
Submission Deadline
29 Oct 2025Expired
Future Notice Date
Not specified
Award Date
30 Oct 20253 months ago
Contract Period
1 Dec 2025 - 31 May 2030 4-5 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 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

CITIBANK N.A

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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