Interserve success in £150m St Helens BSF

17 June 2010

The Interserve-led consortium, Environments for Learning (E4L), has been named preferred bidder to undertake a major schools development programme for St Helens Council worth provisionally £150m.

The programme will operate under the Building Schools for the Future (BSF) initiative. Interserve will construct two schools, with a capital cost of £47m, in the first phase: Rainford High Technology College and De La Salle School. Rainford will be financed using the private finance initiative (PFI) and Interserve will provide FM services worth £8m to the school over a 25-year period once complete.
Six further schools, worth an aggregate of over £100m in construction costs, have been identified for subsequent development. Two of these will be procured through PFI.
E4L and St Helens Council will, together with BSF Investments, become partners in St Helens’s Local Education Partnership (LEP).
Financial close on the contract is expect in the autumn this year; construction will begin immediately afterwards, leading to the first schools being ready to accept pupils for the start of the academic year in September 2012.
Interserve’s Chief Executive, Adrian Ringrose, commented, “St Helens Council has clearly shown its commitment to providing children in the area with the latest educational facilities, and we will play our part in ensuring that the schools we build will deliver the benefits the community needs. Interserve is one of the country’s most experienced and successful companies in creating schools through BSF. This is our third such development programme, alongside Sandwell in the West Midlands and our award-winning partnership at Leeds.”