Capita wins contract extension from Cabinet Office

Capita, the UK outsourcing group listed on the FTSE 100, has announced that the Cabinet Office has extended its contract to exclusively manage the provision of training across the Civil Service for a further two years from February 2014 to the end of March 2016.

Capita, the UK outsourcing group listed on the FTSE 100, has announced that the Cabinet Office has extended its contract to exclusively manage the provision of training across the Civil Service for a further two years from February 2014 to the end of March 2016.

Capita expects the deal to generate revenues of at least £30m per annum over the two year extension.

During the initial 11 months of the contract the group directly delivered 41% of training with the remaining 59% procured on the open market compared to the 49/51 contractual obligation.

Chief Executive of Capita, Paul Pindar, said: In the current contract's first 11 months it generated significant savings for Civil Service departments. More than half of all courses were procured on the open market, nearly three quarters from small and medium (SME) training providers.

"The extended contract will enable a wider range of public sector organisations to access quality learning and development services, which provide value for money and support the delivery of excellent public service, from June onwards.

"Combining innovative, blended learning solutions, including face to face, online and specialist courses, managed by Capita, the public sector can look forward to a substantially more efficient process for procuring learning services."

NR

Recommended

Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021
Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021

Most Popular

The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021