Interserve closes £135m PF2 schools deal

Aaron Morby 9 years ago
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Interserve’s joint venture with Kajima has reached financial close on the PF2 scheme to build seven secondary schools across Hertfordshire, Luton and Reading.

It is the second major win for the pairing after bagging the £33m contract to build and maintain a national blood centre for Scotland.

Interserve/Kajima will be responsible for the design and construction of the schools and maintenance for 25 years.

Hertfordshire, Luton and Reading schools

  • Bishop’s Hatfield Girls’ School, Hatfield, Hertfordshire (Academy)
  • Goffs School, near Cheshunt, Hertfordshire (Academy)
  • Kings Langley School, Kings Langley, Hertfordshire (Academy)
  • Longdean School, Hemel Hempstead, Hertfordshire (Academy)
  • Reading Girls’ School, Reading, Berkshire (Foundation)
  • Stopsley High School, Luton, Bedfordshire (Foundation)
  • Westfield Academy, Watford, Hertfordshire (Academy)

Dougie Sutherland, Executive Director at Interserve said: “This is the 20th privately-financed education project in which the group has invested and underlines our support for the Government’s investment in education.

“As well as providing some 900 new schools places for students in Hertfordshire, Luton and Reading, we will commit to take on more than 50 young people to work on the projects under NVQs, apprenticeships and work placements.”

Construction started on all the schemes last month with the first due for completion in August 2016.

All of the new schools will be open by November 2016.

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