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Home > News archive - 2005 News archive - 2005
Equion announces £71 million school development project in SwindonMonday, April 04, 2005 Equion, a division of John Laing plc has reached financial close on a £71 million PFI contract to design, build, finance and operate seven new schools in the North Swindon area. The project, which comprises of two secondary schools, three primary schools and two special schools for pupils with severe learning difficulties, will provide over 3,685 school places.Four of the schools will be built on a pioneering new Learning Campus in the North Swindon area. This campus will also include sports facilities, physiotherapy and speech therapy unit and a hydrotherapy pool – which will be available for use by the wider community as well as local health and social service professionals. Construction will be carried out by Laing O’Rourke and will begin immediately, with early works having already begun. On completion of construction, the contract will run for 25 years and will include hard and soft facilities management services provided by Equion FM. Richard Weston, managing director of Equion commented on the project saying; “This is an exciting initiative for both Equion and Swindon Borough council and we are very much looking forward to beginning work on the project. Not only will it improve educational facilities in the Swindon area, it also provides a vision of how school facilities could change in the future, to harness the diverse needs of young learners and the wider community.” The North Swindon schools project is being developed by a consortium that comprises of Equion Ltd as the equity investor, Equion FM as facilities management provider, the Architects Co-Partnership (ACP), contractor Laing O’Rourke and funder Dresdner Kleinwort Wasserstein.
Notes to Editors 1) Four existing schools in North Swindon are being replaced; Hreod Parkway Secondary School, Brimble Hill Special School, Uplands Special School and Moredon Primary School (which replaces Moredon Infants and Junior Schools). The three new schools are yet to be named.
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