By continuing to use the site you agree to our Privacy & Cookies policy

Your browser seems to have cookies disabled. For the best experience of this website, please enable cookies in your browser.

Close

Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Close

Capita beats Carillion to multi-billion pound Staffordshire deal

Capita has beaten Carillion to multi-billion partnership to manage education support services for Staffordshire County Council.

Headlines as they happen Sign up for Construction News' free newsletters and get breaking news, headlines in your region/sector and daily news direct to your inbox.

Choose my newsletters >>

CNinsight

All the latest contract wins, market trends and information on the CNinsight 100 contractors in one interactive database.

Capita was approved as preferred bidder to create an educational support services joint venture by the council cabinet last week, with plans to rol services out across the country.

The JV, in which Capita will hold a majority stake, will initially deliver a range of educational support services for schools and academies in the Staffordshire region.

The services are expected to generate revenues of around £85m per annum over 20 years.

Capita said the JV “will additionally focus on achieving significant growth through securing new local authority, school, academy and further and higher education clients across the UK”.

Over the first 10 years, it is targeting total revenue of at least £2bn.

As part of the agreement, Capita will acquire its stake in the joint venture with an initial investment of £24.9m in the first year and a further £6.6m over the following 3 years.

Some 3,800 staff are expected to transfer to the newly formed organisation.

Capita has also been selected as preferred bidder to deliver the London Borough of Barnet’s new support and customer service organisation (NSCSO) in a £320m deal over 10 years.

Have your say

You must sign in to make a comment.

Related Jobs

Sign in to see the latest jobs relevant to you!

Sign up for a Corporate subscription to Construction News

Visit CNinsight - the construction industry data service from Construction News
« »