British Business Bank · Awarded contract
Awarded

Consultancy Services for Development of New Investment Vehicle at British Business Bank

Awarded 26 Jan 2024

View live tenders
Awarded26 Jan 2024
Value£2,000,000.00
RegionUnited Kingdom
CategoryConsultancy & Legal
Ended 1y 4mo ago1y 5mo term
Awarded 26 Jan 2024Expired 29 June 2025

British Business Bank awarded a contract to Ernst & Young LLP for 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.

The contract was procured via a mini competition under Lot 2 (Strategy) of the Crown Commercial Services (CCS) RM6187 Management Consultancy Framework Three (MCF3).

The initial term is 11 months until 31st December 2024, with an option to extend for a further 6 months until 30th June 2025.

The total potential value for the full term, incorporating the extension period, is £2,000,000.

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