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16/03/2015

Galliford Try Reaches Financial Close On Major Schools Project

Galliford Try has reached financial close on a £103m contract in north east England and north Wales.

The contracts are held with the Education Funding Agency (EFA) over the Priority School Building Programme (PSBP) batch for north east England and with Flintshire Council for the Holywell Learning Campus in north Wales.

The construction contract is worth over £103m, with a further £56.6m coming through a 25-year maintenance and lifecycle contract for Galliford Try's Facilities Management business.

The project will supply new, purpose-built facilities to benefit over 8,350 pupils across the region, as well as providing 188 nursery places. Six new secondary schools will be constructed along with six primary schools.

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The project is part of the wider PSBP, a centrally managed programme set up to address the needs of the schools most in need of urgent repair.

Galliford Try's Building business has signed contracts with Flintshire Council to build the Holywell Learning Campus in North Wales, as part of the Welsh Government's 21st Century Schools programme.

The £26m scheme was procured through the North Wales Schools and Public Buildings Contractor Framework and creates new primary and secondary schools. A single-storey primary school will provide 315 pupil places, replacing the current local infants and junior schools. The three-storey secondary school will offer 600 places and replace the existing High School on the site.

Galliford Try Executive Chairman Greg Fitzgerald said: "It is tremendous news for our business to have reached financial close on these two significant education contracts.

"Our ability to conclude the contract with the EFA successfully demonstrates the strength of our Investments business in offering innovative solutions to unlock projects, while the Holywell contract is proof of our excellent construction offering in education and our growing prominence in the North Wales market."

(IT/JP)

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