Tender

Loan Management System

BRITISH BUSINESS BANK

This public procurement record has 2 releases in its history.

TenderUpdate

10 Apr 2026 at 16:32

Tender

31 Mar 2026 at 14:57

Summary of the contracting process

The British Business Bank, a central government public authority based in Sheffield, has issued an active tender for a Loan Management System (LMS) aimed at supporting their direct lending operations. This procurement opportunity, under the competitive flexible procedure, falls within the banking and investment services industry category and is open to UK-based service providers. Interested suppliers should note that key dates include the submission deadline on 8th May 2026 at 23:55 and presentation assessments scheduled for the week commencing 1st June 2026. The tender process is in the 'Tender' stage and supports the Start Up Loans scheme, offering debt finance to early-stage UK businesses, with a contract start date from 15th September 2026, potentially extending until September 2033.

This tender presents a robust opportunity for businesses specialising in financial services technology, particularly those with experience in developing comprehensive loan management systems. The contract, valued at approximately GBP 4.9 million with a gross value of GBP 5.88 million, emphasises quality, affordability, and social value in its award criteria. Enterprises capable of providing a fully integrated LMS to replace the bank's current mixed-platform approach are well-suited to compete, especially those recognised as SMEs, as they demonstrate potential to enhance the operational efficiency and scalability of the British Business Bank's financial offerings.

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How relevant is this notice?

Notice Title

Loan Management System

Notice Description

The British Business Bank is the UK's economic development bank, with a mission to make finance markets work better for smaller businesses. BBB typically operates on a wholesale basis, partnering with lenders within the existing financial ecosystem to increase the supply, diversity, and regional reach of finance available to UK SMEs. The Start Up Loans scheme (SUL) provides debt finance in the form of a personal loan, to help individuals to start or grow their early stage businesses, driving sustainable growth and unlocking potential. Without SUL, many aspiring entrepreneurs would not be able to secure the finance and support to start and grow their businesses. The operating model utilises a mix of internal platforms and external service providers to support the full loan lifecycle - including disbursement, servicing, collections and recoveries. To support future growth, we are preparing to deliver direct lending operations. As part of this, we are seeking FCA approval for a subsidiary of the British Business Bank to become a direct lender and therefore need to procure a comprehensive Loan Management System (LMS) capable of fully supporting this operating model. Tenderers are also directed to the Specification for the Project Requirements, as set out in Appendix 6 (Specification) of the Invitation To Participate (ITP). To respond to this opportunity, please click here: To access the Procurement Specific Questionnaire: https://www.delta-esourcing.com/respond/825FNUH6AP To access the tender documentation: https://www.delta-esourcing.com/respond/V725K345VT

Lot Information

Lot 1

Renewal: The contract will be for 5 years with the option to extend for an additional period of up to 2 years

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0679c4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032999-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

66110000 - Banking services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£4,900,000 £1M-£10M
Lots Value
£4,900,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Apr 20261 months ago
Submission Deadline
8 May 2026Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 Sep 2026 - 15 Sep 2031 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK
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
Not specified

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Open Contracting Data Standard (OCDS)

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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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