Published date: 6 April 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 14 March 2023, 12am

Contract summary

Industry

  • Banking and investment services - 66100000

  • Banking services - 66110000

  • Investment banking services and related services - 66120000

Location of contract

Yorkshire and the Humber

Value of contract

£51,000

Procurement reference

BIP774065522

Published date

6 April 2023

Closing date

14 March 2023

Closing time

12am

Contract start date

15 March 2023

Contract end date

15 March 2028

Contract type

Service contract

Procedure type

Not specified

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

BEIS guarantee a portfolio of loans originated by
Cynergy Bank, in return for a fee. A
calculation agent, ensuring probity and confirming
amounts due to either party.

More information

Links

Additional text

The contract will run until the end of the Guarantee period expected to be five years

Award information

Awarded date

14 March 2023

Contract start date

15 March 2023

Contract end date

15 March 2028

Total value of contract

£51,000

This contract was awarded to 1 supplier.

Citibank NA

Address

25 Canada Square
Canary Wharf
London
E14 5LB

Reference

None

Supplier is SME?

No

About the buyer

Contact name

Procurement

Address

Steel City House
Steel House
Sheffield
S1 2GQ
UK

Telephone

02039051462

Email

Procurement@british-business-bank.co.uk