Galliford Try and Kier seal £600m Scottish hub deal
A consortium comprising Galliford Try Investments, Kier Projects Investments, Equitix Holdings and John Graham Holdings has finalised a 10-year partnership for the South West Scotland hub.
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The Alliance Community Partnerships group is set to unlock £600m of public sector infrastructure work, in the last of five Scottish hubCos worth a combined £1.5 billion.
The £600 million hub will cover Ayrshire, Dumfries & Galloway and Lanarkshire, with several infrastructure and community projects to be delivered through a joint venture between 16 public sector bodies and Alliance.
Galliford Try said the hub allows private partners to work with public bodies from strategic planning through funding and project delivery to facilities management via an integrated supply chain.
Each hub project is committed to providing Scottish business opportunities and benefits for the local supply chain, it added.
The deal was struck between six local authorities, three health boards, emergency services and other public bodies in the area.
Galliford Try chief executive Greg Fitzgerald called the partnership “significant” and said it was won through “the combined skills of Galliford Try’s construction, facilities management and investments teams”.
“These skills enable us to develop, deliver, fund and manage major public sector schemes in a collaborative manner,” he added.
“We recognise the important economic benefits the hub will bring and we look forward to working with our partners on their exciting pipeline of projects.”
Scottish Futures Trust accommodation director John Hope said that creating the South-West hubCo “marks a significant milestone in the Scotland-wide hub initiative, led by SFT, as it concludes the formation of all five Scottish hubCos”.
“Over the next 10 years more than £1.5bn of investment will be made in community-based infrastructure across Scotland,” he added.
“And in the forthcoming financial year more than £300m of projects, including primary and secondary schools, health and medical centres and community projects will move into the construction or development stage, which will be welcome news for the construction industry.”