Galliford Try closes first PF2 schools deal for £160m

Aaron Morby 7 years ago

Galliford Try has reached financial close on the first major schools project to be funded using the PF2 model.

The deal will see a total of six new secondary schools and six primary schools built in North East England.

At the same time, Galliford Try has also signed a contract with Flintshire Council for the Holywell Learning Campus in North Wales.

The construction contract for the North East schools batch is worth over £103m, with a further £57m coming through a 25-year maintenance and lifecycle contract for the firm’s FM business.

Miller Construction was named preferred bidder for the PF2 batch last May, before it was bought by Galliford Try, which will now retain an equity stake in the project.

The programme will provide new, purpose-built facilities which will benefit more than 8,350 pupils across the region, as well as providing 188 nursery places.

North East PF2 schools batch

Secondary schools

  • Bedlingtonshire Community High School, Northumberland
  • The Duchess’s Community High School, Northumberland
  • Laurence Jackson School, Redcar and Cleveland
  • Longbenton Community College, North Tyneside
  • Hetton School, Sunderland
  • Seaham School of Technology, County Durham

Primary schools

  • Front Street Primary School, Gateshead
  • Hylton Castle Primary School, Sunderland
  • Lingey House Primary School, Gateshead
  • Mandale Mill Primary School, Stockton on Tees
  • Roman Road Primary School, Gateshead
  • Shiney Row Primary School, Sunderland

Galliford Try’s building business has also signed a £26m contract to build the Holywell Learning Campus in North Wales, as part of the Welsh Government’s 21st Century Schools programme.

This will include building a new primary and secondary schools, with the single storey primary school offering 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: “Our ability to conclude the contract with the Education Funding Agency successfully demonstrates the strength of our investments business in offering innovative solutions to unlock projects, while the Holywell contract is proof of our growing prominence in the North Wales market.”

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