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Banknote Supply and Services Agreement

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

Tender

19 Jan 2026 at 08:52

UK4 - Tender Notice
Planning

15 Dec 2025 at 16:42

UK1 - Pipeline Notice
Summary of the contracting process

The procurement process for the "Banknote Supply and Services Agreement" is being conducted by the Bank of England, a central government authority based in London, UK. The tender falls under the services category, specifically banknote supply and printing services (CPV codes: 22430000 and 79812000). The Bank aims to secure a contract that supports its core responsibility of issuing secure banknotes from its printing facility in Debden, UKH3 region. Key dates include an expression of interest deadline on 20th February 2026, with the procurement process currently in the Tender stage under a selective competitive flexible procedure. The estimated contract value is £750,000,000 (excluding VAT) with a contract period from 1st March 2028 to 28th February 2038, and potential extensions up to 2041.

This procurement process provides significant opportunities for businesses that are capable of supplying high-quality, secure banknotes and associated services. Companies with expertise in banknote manufacturing, printing services, and the ability to meet stringent security and quality standards would be well-positioned to compete. The Bank has outlined a comprehensive selection criterion focusing on technical ability, financial capacity, and compliance with regulatory standards, making it ideal for well-established suppliers in the banking and financial services sectors. There is an emphasis on innovation and the potential for service modifications, meaning dynamic companies could further leverage opportunities for business growth through long-term collaboration with the Bank of England.

How relevant is this notice?

Notice Information

Notice Title

Banknote Supply and Services Agreement

Notice Description

This tender notice is for the award of a public contract through a competitive flexible procedure in accordance with section 20(1) and (2)(b) of the PA 2023 . The contract will provide for the future supply of Banknotes, supporting the Bank of England (the Bank) in fulfilling its core responsibility of issuing secure Banknotes from Debden, the Bank's secure printing facility. Further details in relation to the services are set out in the associated tender documents. The Total Value of the opportunity is an estimate inclusive of all extensions available under the contract. The actual value will be dependent on demand for Banknotes as well as future Banknote designs under this contract.

Lot Information

Lot 1

Options: The Bank intends to (and reserves the right to) directly award additional or repeat services that are similar to the services supplied under the contract, which is the subject matter of this Tender Notice, in accordance with Schedule 5, paragraph 8 of PA 2023. The Bank reserves the right to modify this contract in accordance with Schedule 8, paragraph 1 of PA 2023.

Renewal: The Bank has the ability to extend the contract for any such duration in any number of combinations providing that the total number of extensions do need exceed three years in total.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05f615
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/004172-2026
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

22 - Printed matter and related products

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

22430000 - Banknotes

79812000 - Banknote printing services

Notice Value(s)

Tender Value
£750,000,000 £100M-£1B
Lots Value
£750,000,000 £100M-£1B
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
19 Jan 20267 months ago
Submission Deadline
6 Feb 2026Expired
Future Notice Date
19 Jan 2026Expired
Award Date
Not specified
Contract Period
1 Mar 2028 - 28 Feb 2038 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Postcode Area
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
TLH3 Essex
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

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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