Capita has signed a contract with Staffordshire County Council to provide educational support services to schools and academics in England's West Midlands region.
The FTSE 100 business process outsourcing company has joined forces with the council to offer education faculties in Staffordshire a range of services including course materials, catering, maintenance and venues for sporting events and music lessons.
The joint venture is expected to generate revenues of £85m per annum over 20 years. The operation is targeting total revenue of at least £2bn over the first 10 years.
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The market in UK schools education support services is estimated to be worth £16bn per year.
The London-based firm and the council will also focus on achieving growth through securing new local authority, school, academy and further and higher education clients across the UK.
The council is transferring about 3,800 employees to the operation from next April.
The agreement comes after Capita announced that Staffordshire County Council had selected the company as a preferred bidder last month.
RD
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