Award

Financial Times

BANK OF ENGLAND

This public procurement record has 3 releases in its history.

Award

27 Oct 2025 at 13:00

Award

14 Oct 2025 at 14:28

Award

14 Oct 2025 at 14:08

Summary of the contracting process

The Bank of England, located at Threadneedle Street, London, initiated a procurement process for acquiring subscription services for the Financial Times newspaper. This direct award contract, valuing GBP 317,515, falls under the procurement category of goods, specifically newspapers, journals, periodicals, and magazines. The procurement stage is complete, with the contract's active period running from 1st November 2025 to 31st October 2026. The procurement was executed under the legal basis stated in UKPGA 2023/54, with the rationale being the unique intellectual property and exclusive rights held by the Financial Times Limited, the sole supplier based in London, United Kingdom.

This procurement process presents notable opportunities for businesses that focus on providing exclusive content or specialised services that proprietary rights protect. Companies engaged in intellectual property-rich industries can see this as a growth model to establish similar partnerships with public sector entities, like the Bank of England, that require specialised products or services inaccessible through conventional competitive bidding. Such businesses, especially those that are either large or have the capability to secure exclusive content rights, would be well-suited to approach such opportunities and potentially secure contracts through direct award processes.

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Notice Title

Financial Times

Notice Description

To provide subscription services for the Financial Times newspaper.

Procurement Information

Financial Times - Single supplier of their intellectual property/exclusive rights.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05cc75
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/068543-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

22 - Printed matter and related products


CPV Codes

22200000 - Newspapers, journals, periodicals and magazines

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£317,515 £100K-£500K
Contracts Value
£317,515 £100K-£500K

Notice Dates

Publication Date
27 Oct 20253 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
14 Sep 20255 months ago
Contract Period
1 Nov 2025 - 31 Oct 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
askprocurement@bankofengland.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

FINANCIAL TIMES LIMITED(THE

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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