Following a procurement process two bids were received for this contract. Both were evaluated and the successful supplier agreed as the current incumbent, Clear Channel UK(CCUK).

The financial offer was broken down into a fixed annual income and percentage income from the advertising revenue generated. CCUK have offered a fixed annual income starting in Year One of £320,000 increasing by 3% RPI over the 15 to 20 year contract period and 20.5% of the advertising revenue starting in Year Two.

The Council will not incur any expenditure.