---
title: "Opening up the investment pipeline of the BBB"
ocid: "ocds-b5fd17-bc73e039-88bb-4ce8-a017-da0fe9e1f01f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-bc73e039-88bb-4ce8-a017-da0fe9e1f01f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-bc73e039-88bb-4ce8-a017-da0fe9e1f01f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-bc73e039-88bb-4ce8-a017-da0fe9e1f01f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BRITISH BUSINESS BANK"
published: "2024-01-26"
---

# Opening up the investment pipeline of the BBB

Buyer: BRITISH BUSINESS BANK  
Current stage: Award  
OCID: ocds-b5fd17-bc73e039-88bb-4ce8-a017-da0fe9e1f01f

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-bc73e039-88bb-4ce8-a017-da0fe9e1f01f)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-bc73e039-88bb-4ce8-a017-da0fe9e1f01f.json)

## Summary

The British Business Bank awarded a contract to Ernst & Young LLP for consultancy services to support the development of a new investment vehicle. The contract, valued at £2,000,000, has a duration from January 26, 2024, to June 30, 2025. The procurement process was an open procedure, with the tender period ending on December 18, 2023.

This tender presents an opportunity for businesses in the business and management consultancy services sector to engage with the British Business Bank. Companies with expertise in strategy consulting and financial services could compete for this contract. The project location includes various regions such as the United Kingdom, British Oversea Territories, Europe, and others, offering a wide scope for participation.

## 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/1b1cab9e-2c31-4e0d-a1d9-f23c7b3ffa7a |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| 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 | LEEDS |
| Post town | Leeds |
| Postcode | LS15 8NU |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE4 West Yorkshire |
| ITL 3 | TLE42 Leeds |
| Local authority | Leeds |
| Electoral ward | Temple Newsam |
| Westminster constituency | Leeds East |
| 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 16:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1b1cab9e-2c31-4e0d-a1d9-f23c7b3ffa7a

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/1b1cab9e-2c31-4e0d-a1d9-f23c7b3ffa7a
  26th January 2024 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=838590122
  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-bc73e039-88bb-4ce8-a017-da0fe9e1f01f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-bc73e039-88bb-4ce8-a017-da0fe9e1f01f.json.