Award

News Aggregator

BANK OF ENGLAND

This public procurement record has 3 releases in its history.

Award

27 Nov 2025 at 15:37

Award

12 Nov 2025 at 12:41

Award

12 Nov 2025 at 12:13

Summary of the contracting process

The Bank of England, a central government public authority located in London, completed a direct procurement process titled "News Aggregator" to secure subscription services from Factiva Limited. The procurement falls under the services category and was executed through a direct award due to the supplier's exclusive intellectual property rights. The contract commenced on 26th November 2025 and will conclude on 31st October 2028, with a total value of £396,604.99 GBP. This was a significant tender focused on delivering services within the United Kingdom, achieved as part of a one-lot tender process with legal backing according to UKPGA legislation 2023/54.

This procurement presents business growth opportunities primarily for companies involved in the provision of specialised subscription-based services, particularly those with unique intellectual property rights. Large-scale enterprises familiar with delivering high-value service contracts in central government contexts would find such contracts well aligned with their capabilities. Factiva's exclusive rights and expertise in subscription services made them the preferred supplier, exemplifying the potential benefits for businesses that strategically position themselves in niche markets with limited competition.

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Notice Title

News Aggregator

Notice Description

To provide subscription services for Factiva

Procurement Information

Single supplier of exclusive rights and intellectual property.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05df7d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/077788-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
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

79980000 - Subscription services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£330,504 £100K-£500K
Contracts Value
£330,504 £100K-£500K

Notice Dates

Publication Date
27 Nov 20252 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
14 Oct 20254 months ago
Contract Period
26 Nov 2025 - 31 Oct 2028 2-3 years
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

FACTIVA

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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