---
title: "Banking Services"
ocid: "ocds-b5fd17-2d611f29-9f94-45d0-9997-b071ceaf89a0"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2d611f29-9f94-45d0-9997-b071ceaf89a0"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2d611f29-9f94-45d0-9997-b071ceaf89a0.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-2d611f29-9f94-45d0-9997-b071ceaf89a0.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "ISLE OF WIGHT COUNCIL"
published: "2024-10-08"
---

# Banking Services

Buyer: ISLE OF WIGHT COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-2d611f29-9f94-45d0-9997-b071ceaf89a0

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-2d611f29-9f94-45d0-9997-b071ceaf89a0)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-2d611f29-9f94-45d0-9997-b071ceaf89a0.json)

## Summary

Isle of Wight Council has completed the procurement process for banking services under the TPA/CPRAS Banking and Finance Framework. This contract, valued at £268,799, runs from 1 June 2024 to 31 May 2031, with an optional extension of up to three years. The procurement was conducted through a direct award method, and the awarded supplier is Lloyds Banking Group. The services will be delivered in the South East region of the United Kingdom. The procurement falls under the industry category of banking services (CPV 66110000), with the tender award dated 31 May 2024 and officially published on 8 October 2024.

This tender presents substantial opportunities for businesses involved in comprehensive banking services. While the primary supplier for this tender is a large entity like Lloyds Banking Group, firms specialising in niche financial services or those offering technological banking solutions might find future opportunities in similar tenders. Businesses looking to expand their portfolio in public sector contracts might benefit by considering sub-contracting or partnership arrangements with larger organisations. Given the long-term nature of the contract, firms offering innovative or value-added banking services should keep an eye on potential extension opportunities or related tenders from other councils or public bodies.

## Notice

Call off from TPA/CPRAS Banking and Finance Framework for the provision of banking services (the authority bank accounts). The contract term is from 1 June 2024 until 31 May 2031 with the option of up to 36 months extension period at the sole discretion of the Authority.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b6873653-3121-4dc8-8c8c-d99d2d429bcb |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Oct 2024 |
| Submission deadline | 30 May 2024 |
| Future notice date | Not specified |
| Award date | 30 May 2024 |
| Contract period | 31 May 2024 - 31 May 2031 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £268,799 |
| Lots value | Not specified |
| Awards value | £268,799 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | ISLE OF WIGHT COUNCIL |
| Locality | NEWPORT |
| Post town | Portsmouth |
| Postcode | PO30 1UD |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ34 Isle of Wight |
| Local authority | Isle of Wight |
| Electoral ward | Newport Central |
| Westminster constituency | Isle of Wight West |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LLOYDS BANKING GROUP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 8 Oct 2024 at 13:46 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b6873653-3121-4dc8-8c8c-d99d2d429bcb

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b6873653-3121-4dc8-8c8c-d99d2d429bcb
  8th October 2024 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.iow.gov.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-2d611f29-9f94-45d0-9997-b071ceaf89a0. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2d611f29-9f94-45d0-9997-b071ceaf89a0.json.