Award

GB-Sheffield: Coronavirus Business Interruption

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

14 Jul 2020 at 12:30

Award Notice
Summary of the contracting process

The British Business Bank is seeking to provide financial consultancy services under the Coronavirus Business Interruption Loan Scheme (CBILS) to assist smaller businesses affected by the COVID-19 pandemic. This procurement process is complete, having reached the award stage with the contract being awarded to Deloitte LLP. The contract period is set to commence on 20th May 2020 and run until 31st July 2020, with a total value of £793,500. The procurement was initiated in Sheffield, UK, and the submission period ended on 6th May 2020.

This tender presents significant growth opportunities for financial consultancy firms and organisations specialising in business support services, particularly those experienced in navigating government schemes aimed at assisting SMEs. Companies that possess a strong background in accreditation services or financial advisory roles would be well-positioned to compete for similar future contracts. Engaging in these types of tenders can enhance a business's profile and expand its service offerings in response to public sector needs.

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Notice Information

Notice Title

GB-Sheffield: Coronavirus Business Interruption

Notice Description

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. The announcement and launch of the Coronavirus Business Interruption Scheme (CBILS) product created new operational challenges to accredit potential lenders to start lending under the scheme. The Supplier will assist the Customer by standing up an accreditation services team to review existing and new applications submitted by lenders to enable the Customer to complete approval stage

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ec7c629d-9568-4f4e-b6dd-342b33a06ee8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f5f61c3f-b3ff-459e-8ebf-787375e0e1fa
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

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£793,500 £500K-£1M
Lots Value
Not specified
Awards Value
£793,500 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jul 20205 years ago
Submission Deadline
6 May 2020Expired
Future Notice Date
Not specified
Award Date
5 May 20205 years ago
Contract Period
19 May 2020 - 31 Jul 2020 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
Contact Name
procurement
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
02039051462

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
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

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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