Galliford Try reach milestone on government school projects

Financial close reached on £48.5M batch of schools.

Housebuilding and construction group, Galliford Try, has announced that financial close has been reached on its latest Priority School Building Programme (PSBP) batch.

The batch consists of eight schools – two secondary and six primary – at a total cost of £48.5M.

Described as a “significant milestone,” this latest news represents an agreement with the Education Funding Agency (EFA) for schools based in North and North East Lincolnshire.

Galliford Try, a member of the FTSE 250, carries out building and infrastructure work across the UK and has clients including government departments, regulated utilities and private sector companies.

Its revue at the end of the last financial year was £1.8Bn and today’s news underlines that success.

The Company was appointed as a selected panel member for these schools last September and this batch of schools is Galliford Try’s second success under the EFA main contractor framework for a batch under the PBSP; the first was for the Hull and East Riding batch one.

Established in 2011, the PSBP will address the needs of schools in most need of replacement throughout the country.

The six primary schools in Galliford Try’s latest batch are Brumby Junior School, Burton-upon-Stather Primary School, Oasis Academy Henderson Avenue, Crosby Primary School, The Grange Primary School and Great Coates Primary School.

Baysgarth School and The Vale Academy are the secondary schools in the batch, and the latter has already started, paving the way for a building that provides for the needs of all students.

Work will be completed at The Vale Academy in December 2016 and will open a month later.

Executive Chairman of Galliford Try, Greg Fitzgerald, is happy with the “considerable progress” being made in the sector.

He said: “Reaching this agreement with the EFA marks another significant milestone for our business as we continue to make considerable progress in the education sector.

“We look forward to working with all the stakeholders involved to ensure these school buildings help provide a first class educational environment for the students of the region.”

The post Galliford Try reach milestone on government school projects appeared first on UK Construction Online.