Decision - Corporate Banking Services

Brighton and Hove Policy & Resources Committee Decided 10 Feb 2022 for determination GET /api/coverage

Decision maker

Policy & Resources Committee

Report author

Jane Strudwick

Published

11 Feb 2022

Reference

6526

As published

the council's own words, unedited

This report requests approval to extend the banking contract splitting into 3 elements: Transactional Banking, Merchant Services and Commercial Cards

106.1 RESOLVED: 2.1 That Policy & Resources Committee approves the extension of the council's current contract with Lloyds Banking Group as set out in paragraph 3.3.

Parsed from the document

gpt-5.6-luna-2026-07-09 · 11280/2349 tokens · 15216ms · parsed 9 Sep 2026 11:45

Everything below was read out of a PDF by a model It is useful and it is not authoritative. The document it came from is linked in the rail, and where the two disagree the document is right.

The report proposed extending Brighton & Hove City Council’s corporate banking contract with Lloyds Banking Group for transactional banking, merchant services and commercial cards. The extensions would run for different periods to maintain services while the Council investigates future procurement options and value-for-money opportunities.

Recommendation

Approve the extension of the Council’s current contract with Lloyds Banking Group from 1 April 2022: transactional banking to 31 March 2026, merchant services to 31 March 2024, and commercial cards to 31 March 2023.

Financial impact

The total estimated value of the extensions is £685,000. Current annual service costs are £304,000; Year 1 extension costs are estimated at £300,000 and are within budget.

Ward affected

city-wide

Decision maker

Policy & Resources Committee

Date in document

10 Feb 2022

Stakeholders named

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Brighton & Hove City CouncilLloyds Banking GroupBrighton & Hove City Council services and local authority schoolsExternal organisations procuring managed services from the CouncilParking serviceCouncil customers and residents

Next steps

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Extend the three elements of the Lloyds Banking Group contract from 1 April 2022.
Explore procurement routes and conduct future procurement processes for separate banking, merchant services and commercial card contracts.
Investigate options for the separate parking merchant arrangements involving AIB Merchant Services and Till Payments.
Assess whether the commercial card arrangements can move to the Crown Commercial Services framework earlier than the end of the extension.

Precedents

not built

"Decided elsewhere" is not built Finding the same decision in other councils needs semantic matching over decision text, which is part of the search rewrite. Until then, the council's own decisions list is the way through.