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Capita PLC Signs Contract With Staffordshire County Council

Thursday, 20 Dec 2012 05:00am EST 

Capita PLC announced that it has 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 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 GBP16billion per year, the JV is targeting total revenue of at least GBP2billion 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 April 1, 2013. Capita previously announced that it had been selected as preferred bidder by Staffordshire County Council on November 27, 2012. 

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