MATLAB Open Access Enterprise Software Licences 2026 - 2029

Official notice

Authority: BANK OF ENGLAND

ServicesDirect award

Sectors: IT Services & Software (72) Delivery: UKLondon (UKI4)

Contract value (direct award)£1,600,000≈ £533k / year · £2,000,000 inc. VAT

Award in standstill 24 Jul 2026no call for competition

Award (standstill) to The MathWorks Ltd.

Contract term 3 yrsends 30 Sept 2029 · starts 1 Oct 2026

What is being bought

Published requirement description

The services are for Open Access Enterprise

license for MATLAB analytics.

CPV: IT services: consulting, software development, Internet and support

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded 3 yrs

Contract period: 1 Oct 2026 – 30 Sept 2029 (3 yrs)

Delivery: London

72000000 IT services: consulting, software development, Internet and support

Procedure terms & legal framework

From the official record

Procedure method: Direct award
Legal basis: UKPGA · 2023/54 Procurement Act 2023
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 22 May 2025, 17:51 BST
Last source update: 29 Jul 2026, 23:09 BST
Authority reference: CD-1725
FTS notice number: 2026/S 000-071941
Latest notice: Contract award notice (UK6)
Classification (CPV): IT services: consulting, software development, Internet and support
Delivery area: UKLondon (UKI4)
Official registry OCID: ocds-h6vhtk-051f63 Find a Tender

Why no open competition: Single Suppliers Technical Reasons
Published justification: Section 41: Direct award in special cases (Schedule 5) - allows for
direct award to a supplier where one of the direct award justifications in Schedule 5 of the Act applies.

How it was run

Official notice

Submission deadline: —

Timeline

22 May 2025 → 1 Oct 2026 · 5 dates

Planning notice published
22 May 2025, 17:51 BST
Next notice expected291 days ago
1 Jan 2026, 23:59 GMT
Latest notice published82 days ago
29 Jul 2026, 23:09 BST
Standstill ends70 days ago
10 Aug 2026, 23:59 BST
Contract starts19 days ago
1 Oct 2026, 00:00 BST

Notice history

6 events · 3 releases on Find a Tender · since 22 May 2025

Pipeline notice published
22 May 2025, 17:51 BST
UK1
Transparency notice published
29 Jul 2026, 08:43 BST
UK5
Status changed to complete
29 Jul 2026, 08:43 BST
Procurement method changed
29 Jul 2026, 08:43 BST
Contract award notice published
29 Jul 2026, 23:09 BST
UK6
Contract signature expected
11 Sept 2026, 23:59 BST
scheduled

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £1,950,0001 award exc. VAT

Awarded to	Value	Date	Status
The MathWorks Ltd.1 Oct 2026 – 30 Sept 2029	£1,950,000	24 Jul 2026standstill to 10 Aug 2026	Standstill

Contracting authority & participating public bodies

BANK OF ENGLAND

Contracting authorityPublic authority - central government GB-COH: RC000042 · GB-PPON: PRDB-1113-HPPT Threadneedle Street, London, London, EC2R 8AHContact email

Bidders & participating suppliers

1 commercial party on the notice

THE MATHWORKS LIMITEDAwarded supplierGB-COH: 03444214GB-PPON: PJYZ-5451-VPWJ 1 Cambridge Science Park, Cambridge, East of England, CB4 0JLContact email

Official documents & specifications (3)

Official links; attachments are not copied

Notices published for this procedure

Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender29 Jul 2026, 23:09 BST
Transparency notice awardTransparency noticeUK5Transparency notice on Find a Tender29 Jul 2026, 08:43 BST
Pipeline notice planningPipeline noticeUK1Pipeline notice on Find a Tender22 May 2025, 17:51 BST