Planned procurement · Notice 095831-2026
Data Collection Services (Re procurement of the Bank of England's Electronic Data System, BEEDS)
- Value
- £20m
- Stage
- Early notice
- Where
- UK-wide
- Lots
- 1
- Suitable for SMEs
- Not stated
- Contract
- 1 May 2027 – 30 Apr 2034
In plain English
The Bank of England is re-procuring its BEEDS electronic data collection system, which gathers regulatory and statistical data from firms it regulates, including a new data collection platform, data modelling tools, XBRL validation processing and migration of existing data. The contract would run from 1 May 2027 to 30 April 2034, with an estimated value of £20,000,000.
Good fit for: Specialist data-collection software providers and IT/technical consultancies experienced in regulatory data systems and XBRL validation.
Written with AI from the official notice. Check the notice before relying on it.
What the buyer says
BEEDS is the Bank's current strategic data collection system and is the primary digital gateway for collecting regulatory and statistical data from our firms. The system underpins a very large number of critical data collections and is relied on daily by firms and teams across the Bank. The Bank plans to update and modernise our data collection capabilities with the new data collection platform and associated data modelling and toolsets. The Bank will also require XBRL validation processing services and professional services to deploy the new Data Collection System and to migrate some existing data. Note an earlier RFI was published and earlier engagement on BEEDS took place in 2024. Operational reasons then delayed further procurement activity until this year.
Procedure: not stated. Published 9 Oct 2026.
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