# Opening up the investment pipeline of the BBB

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [British Business Bank](/buyers/british-business-bank/contract-awards)
- Contract winner: [Ernst & Young LLP](/contract-winners/ernst-young/public-sector-contract-awards)
- Award value: £2,000,000
- Tender value: £2,000,000
- Award date: 18 December 2023
- Published: 26 January 2024
- Contract start: 26 January 2024
- Contract end: 30 June 2025
- Stage: awarded
- Procurement category: services
- Notice ID: 1b1cab9e-2c31-4e0d-a1d9-f23c7b3ffa7a-717804
- OCID: ocds-b5fd17-bc73e039-88bb-4ce8-a017-da0fe9e1f01f

## Description

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 £2,000,000

## Related contract awards

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- [Executive Coaching 2026/27](/contracts/ocds-b5fd17-e0f7ca82-1144-41e8-a93d-1839116f14d1): National Audit Office
- [Records Management SMEs 26\+](/contracts/ocds-b5fd17-c0b24a73-bdcd-4a06-98a1-4705c50cdf30): FCA
- [Insurance File Review](/contracts/ocds-b5fd17-186945b9-32b4-4d7d-9e1c-3319a907c106): FCA

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/1b1cab9e-2c31-4e0d-a1d9-f23c7b3ffa7a-717804)