Capita wins civil service training contract
By BFN News | 11:14 AM | Wednesday 22 February, 2012
Capita (LON:CPI) has announced that it has been selected by the Cabinet Office to exclusively manage the provision of training across the Civil Service.
Through the contract Capita will deliver just under half of the training directly and will be responsible for managing the balance of 51% through a network of specialist, small and medium sized (SME) training providers.
The contract is expected to make a significant contribution to the projected £90 million per annum savings which Civil Service Learning (CSL), the government's training agency, is tasked to deliver. Capita anticipates that it will generate revenues of at least £50m per annum over the next 2 years.
Paul Pindar, Capita plc chief executive said: "The training contract will enable public sector organisations to access quality learning and development services, which provide value for money and support the delivery of excellent public service. Combining innovative, blended learning solutions, managed by Capita and delivered both by Capita and a broad range of SMEs, the Civil Service can look forward to a common curriculum, reduced duplication and a far more efficient process for procuring learning services."
At 11:14am: (LON:CPI) Capita Group share price was +5.25p at 651.75p
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