Bank of England signs deal with £45m IT partner

Written by Sam Trendall on 20 October 2022 in News

Tech company will provide central bank with a range of hardware, software and services

Credit: Steve Bulley/Pixabay

The Bank of England has signed a multimillion-pound deal with a tech provider that will deliver a comprehensive range of IT goods and services over the coming years.

The national central bank signed a three-year deal with IT reseller Softcat on 8 July, according to newly released procurement information. The engagement will be worth £45m to the Marlow-headquartered firm.

The contract-award notice indicates that the Bank of England was seeking to appoint a single “partner to bring together the capability of purchasing hardware, software and the provision of associated services including support services”.

“This includes the management of hardware such as extended product warranties; support; upgrade and maintenance services associated with goods purchased,” it added.

Related content

The bank indicated that, by signing a comprehensive deal to cover all its tech needs, it hoped to derive benefits including “improved margins [and a] competitively priced professional services rate card”.

The deal is also expected to ensure a “compliant route to market for product and services which can only be sourced with a reseller” – rather than directly from the product manufacturer.

Other advantages offered by the contract include ongoing management of supplier relationships, instead of making one-off reactive purchase. A “commercial contracts manager [will also be] provided to ease internal burden of call-off contract processing,” the notice said.

With annual sales of close to £2bn, Softcat is the UK’s largest IT reseller. It works with a huge range of public-sector entities, with big contract wins this year including a £10m software licensing deal with Guy’s and St Thomas’ NHS Foundation Trust, a £5m contract to provide laptops to the Ministry of Justice, and a £15m engagement to provide the Driver and Vehicle Standards Agency with all of its non-Microsoft software products. 


About the author

Sam Trendall is editor of PublicTechnology. He can be reached on


Share this page




Please login to post a comment or register for a free account.

Related Articles

Whitehall shared-services implementation requires funding and focus, MPs warn
9 May 2023

Public Accounts Committee warns that lack of support could imperil delivery

ONS seeks new data source on UK firms’ overseas owners
24 May 2023

Statistics agency looks to establish a single unified partnership

‘Extremely concerned and disappointed’ – more councils caught up in Capita breach
24 May 2023

Authorities have complained about the lack of time taken to be notified by IT firm and wrongly being told personal data was not put at risk 

Motorola removed from government strategic suppliers list following ESN exit
17 May 2023

Company claims excision from roster of Whitehall's most significant commercial partners is a ‘routine update’