A ground-breaking joint venture has been signed by Staffordshire County Council with Capita as financial partner, creating a new major player in the UK’s education services industry.
The new joint venture company will support Staffordshire’s young people to have the best education possible by safeguarding Staffordshire’s school support services and 1000’s of jobs for the future. Based in Staffordshire the company will provide an extensive package of services, including school improvement, catering, grounds maintenance, outdoor education and performing arts. Taking the county’s expertise and combining it with the private sector’s commercial acumen, the deal will see over £50 million of investment brought to Staffordshire in the first three years.
The legal work behind this new partnership was led by Jean Evans, Head of Legal Services, Staffordshire County Council, in collaboration with a team from Anthony Collins Solicitors comprising Sarah Lines, Gayle Monk, Natalie Singh, Doug Mullen and Mark Cook. Gary Delderfield of Eversheds advised the superannuation authority. Capita’s legal work was led by Hamil Stevenson. KPMG were the council’s financial advisers.
Anthony Collins partner Mark Cook said: “We are delighted to have worked throughout the procurement process with so many skilled officers in the council and with KPMG. Together we were able to deliver the resources and expertise needed to find and then strike the deal with an investment partner for the council.”
Jean Evans said: “This was truly a team effort. Every one pulled together to deliver a project that had multiple legal agreements and many layers of complexity.”
Project sponsor John Tradewell said: “I am absolutely delighted that the council has been able to achieve contract signature less than a year from when the procurement was commenced. We can now focus on getting the project delivered and the joint venture up and running.”
For more details about the joint venture see the links below: