Scope
Reference
C3794
Description
BigSpark will provide the FCA with a synthetic cross-sectoral dataset for the digital sandbox environment. This will enable the FCA to support firms innovating in the open finance and smart data area, and generate invaluable input into policy making. This is instrumental to successfully draft a regulatory framework for open finance, as stated in the FCA Strategy. The previous contract with the provider was centred on a much smaller dataset.
Contract 1. FCA Aizle Data Licence Agreement
Supplier
Contract value
- £117,000 excluding VAT
- £140,400 including VAT
Below the relevant threshold
Date signed
11 November 2025
Contract dates
- 12 November 2025 to 9 November 2026
- Possible extension to 10 November 2028
- 2 years, 11 months, 29 days
Description of possible extension:
Annual extensions up to to a maximum of 2 such annual extensions
Main procurement category
Services
Options
The right to additional purchases while the contract is valid.
Annual extensions up to to a maximum of 2 such annual extensions
CPV classifications
- 72000000 - IT services: consulting, software development, Internet and support
- 72261000 - Software support services
Contract locations
- UK - United Kingdom
Key performance indicators
| Name | Description | Reporting frequency |
|---|---|---|
| Response Times | Supplier to respond within 3 working days to any queries sent to the contact email address |
3 days |
| Resolution of critical data issues | Where the dataset is agreed by the Parties to be critically non-functional, the Supplier undertakes to use best endeavours to remedy within 10 working days of the cause being established and solution... |
10 days |
Procedure
Procedure type
Below threshold - without competition
Supplier
BIGSPARK
- Companies House: 12227607
2 Lace Market Square, Nottingham, England, NG1 1PB
Nottingham
NG1 1PB
United Kingdom
Email: david.tracy@bigspark.dev
Website: https://www.bigspark.ai/
Region: UKF14 - Nottingham
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Contract 1. FCA Aizle Data Licence Agreement
Contracting authority
FCA
- Public Procurement Organisation Number: PTYH-4442-XPRH
12 Endeavour Square
London
E20 1JN
United Kingdom
Region: UKI41 - Hackney and Newham
Organisation type: Public authority - central government