CAPITA PLC: Capita signs contract with Staffordshire County Council
CAPITA PLC: Capita signs contract with Staffordshire County Council 20 December 2012
Capita signs contract with Staffordshire County Council
Capita plc (`Capita') can confirm that it has now signed a contract to create an educational support services joint venture (`JV') with Staffordshire County Council. The JV, in which Capita holds a majority stake, will initially deliver a range of educational support services for schools and academies in the Staffordshire region. These services are expected to generate revenues of approximately £85m per annum over 20 years.
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. With the UK schools education support services market currently estimated to be worth around £16bn per year, the JV is targeting total revenue of at least £2bn over the first 10 years.
To support the delivery of these key services, around 3,800 Council employees will TUPE transfer to the JV from 1 April 2013.
Capita previously announced that it had been selected as preferred bidder by Staffordshire County Council on 27 November 2012.
For further information:
Tel: 020 7799 1525
Paul Pindar, Chief Executive Officer
Shona Nichols, Corporate Communications Director
Media enquiries only:
Capita press office
Tel: 020 7654 2152 or 020 7654 2399 (out of hours)
Notes to editors
Capita plc is the UK's leading provider of business process management (BPM) and integrated professional support service solutions. With 46,500 people at more than 350 sites, including 68 business centres across the UK, Europe and India, the Group uses its expertise, infrastructure and scale benefits to transform its clients' services, driving down costs and adding value. Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE 100 with 2011 turnover of £2.9 billion and profit before tax of £385 million. Further information on Capita plc can be found at: www.capita.co.uk.
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