Awarded contract

SBREC Business Dataset - Local Businesses

Details

Supplier(s)
IBISWorld Ltd
Value
£217,493
Duration
3 years
Topic
Database services
Published
28 April 2026

Tender description

IBISWorld is one of SBREC’s essential resources. It provides highly credible, analyst-produced data vital for members looking to start, develop, or scale their businesses. Its reports include in-depth industry and sector analysis across global regions, with additional insights on sustainability trends, ESG ratings, and five-year forecasts. This level of reliable and accurate information is not available for free, and lack of access places businesses at a competitive disadvantage—particularly when preparing business plans or seeking funding, where use of credible, citable data is essential. Given the breadth, depth, and exclusivity of IBISWorld’s content, the subscription cost represents strong value. Without this resource, SBREC’s service offering would be significantly reduced, limiting access to essential market intelligence for members. The absence of such data could undermine business planning, increase the risk of business failure, and negatively impact economic growth within the UK. ## Contract award

Timeline

  1. Completed: Award published28 April 2026
    Current notice
  2. Completed: Award date28 April 2026
  3. Next: Contract expiry date30 April 2029in 2 years

About the buyer

City of London Corporation buys as a local authority, and sets out its own procurement policies and requirements for suppliers. Its City Fund draws on rental and interest income from the Corporation's own property, alongside business rates and council tax. The Corporation also runs soft market testing to shape future procurements with suppliers.

A three-year Commercial Pipeline gives suppliers early visibility of larger opportunities.

Over the past 5 years, most of City of London Corporation's contract awards have been in architectural and engineering services, business services and construction work.

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