---
title: "GB-Sheffield: Opening up the investment pipeline of the BBB"
ocid: "ocds-b5fd17-57e86250-0c4c-492a-b428-b24504d90452"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-57e86250-0c4c-492a-b428-b24504d90452"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-57e86250-0c4c-492a-b428-b24504d90452.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-57e86250-0c4c-492a-b428-b24504d90452.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BRITISH BUSINESS BANK"
published: "2024-01-26"
---

# GB-Sheffield: Opening up the investment pipeline of the BBB

Buyer: BRITISH BUSINESS BANK  
Current stage: Award  
OCID: ocds-b5fd17-57e86250-0c4c-492a-b428-b24504d90452

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-57e86250-0c4c-492a-b428-b24504d90452)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-57e86250-0c4c-492a-b428-b24504d90452.json)

## Summary

The British Business Bank awarded a contract to Ernst & Young LLP for the provision of consultancy services to support the development of a new investment vehicle/fund. The contract has a total potential value of £2,000,000 and runs from January 26, 2024, to June 30, 2025. The procurement stage for this award was a tender process, with the tender period ending on December 18, 2023. The procurement falls under the industry category of business and management consultancy services.

This public procurement contract from the British Business Bank offers opportunities for businesses in the consultancy services sector to engage in projects supporting financial investment. Companies with expertise in business and management consultancy services are well-suited to compete for this tender. The location for the provision of services covers various territories including the UK, Europe, and other international locations outside of the British Overseas Territories and Channel Islands.

## Notice

British Business Bank (BBB) undertook a mini competition exercise via Lot 2 (Stratgegy) of the Crown Commercial Services (CCS) RM6187 Management Consultancy Framework Three (MCF3) for the provision of consultancy services to support the development, design and implementation of a new investment vehicle/fund that would enable the Bank to take on and manage third party capital. This will be for an initial term of 11 months until 31st December 2024, with the option to extend for a further 6 months until 30th June 2025. The total potential value for the full term of the contract, incorporating the extension period, shall be PS2,000,000

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c606cc81-dce1-4f47-8b0e-94822449aeba |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Jan 2024 |
| Submission deadline | 18 Dec 2023 |
| Future notice date | Not specified |
| Award date | 18 Dec 2023 |
| Contract period | 26 Jan 2024 - 30 Jun 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,000,000 |
| Lots value | Not specified |
| Awards value | £2,000,000 |
| 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 | BRITISH BUSINESS BANK |
| Locality | SHEFFIELD |
| Post town | Sheffield |
| Postcode | S1 2GQ |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE3 South Yorkshire |
| ITL 3 | TLE32 Sheffield |
| Local authority | Sheffield |
| Electoral ward | City |
| Westminster constituency | Sheffield Central |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ERNST & YOUNG |

## CPV Codes

### Divisions

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

### Codes

- 79410000 - Business and management consultancy services

## Release History

- 26 Jan 2024 at 16:25 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/c606cc81-dce1-4f47-8b0e-94822449aeba

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/c606cc81-dce1-4f47-8b0e-94822449aeba
  26th January 2024 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=838585921
  Please follow this link to view the notice.

## 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-b5fd17-57e86250-0c4c-492a-b428-b24504d90452. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-57e86250-0c4c-492a-b428-b24504d90452.json.