---
title: "Opening up the investment pipeline of the BBB"
ocid: "ocds-h6vhtk-043530"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-043530"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-043530.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-043530.json"
source: "Find A Tender Service"
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-h6vhtk-043530

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-043530)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-043530.json)

## Summary

The British Business Bank (BBB) recently completed a tender process for consultancy services via Lot 2 of the Crown Commercial Services Management Consultancy Framework Three. The tender aimed to develop a new investment vehicle/fund, with a total potential value of £2,000,000. The contract is active until June 2025. Ernst & Young LLP won the tender, creating opportunities for consultancy firms specializing in business and management services.

This procurement process, led by the British Business Bank, was conducted in an open procedure format. The tender, categorized under business and management consultancy services, was aimed at supporting the Bank in managing third-party capital. As the contract is now active, businesses with expertise in consultancy services and a focus on strategy development could benefit from future similar opportunities within the procurement stage of this specific industry category in the United Kingdom.

## 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

### Lot Information

Lot 1

Business and management consultancy services. 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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/002840-2024 |
| Notice type | Award Notice |
| Procurement type | Framework |
| 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 | Not specified |
| Future notice date | Not specified |
| Award date | 18 Dec 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £2,000,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## 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 19:05 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/002840-2024

## Notice URLs

- https://ted.europa.eu/udl?uri=TED:NOTICE:506346-2020:TEXT:EN:HTML
- https://www.british-business-bank.co.uk/
- https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=838590122

## 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-h6vhtk-043530. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-043530.json.