Lakehouse plc £55m Contract win with Welsh Government (0257O)
May 15 2018 - 2:00AM
UK Regulatory
TIDMLAKE
RNS Number : 0257O
Lakehouse plc
15 May 2018
PRESS RELEASE
15(th) May 2018
Lakehouse plc
("Lakehouse" or "the Group")
GBP55m Contract win with Welsh Government
Lakehouse, the asset and energy support services group, is
pleased to announce the award of the Arbed scheme of the Welsh
Government Warm Homes programme, referred to as "Arbed 3" ("the
Contract"). The Contract, worth up to GBP55m over an initial three
year term, will be delivered through the Arbed am Byth joint
venture between the Group's Everwarm subsidiary and the Energy
Saving Trust. The Contract will be mobilised during the remainder
of our year ending 30 September 2018 and will run for three years
to 2021, with the potential for a two year extension.
Arbed 3 is a programme of area-based schemes which will target
improvements to over 6,000 homes in areas throughout Wales where
households are more likely to be living in severe fuel poverty. In
addition to improving the energy efficiency of homes, the scheme
will also provide householders with a range of advice to help
reduce their energy usage and utility bills. The Contract will
involve a number of important aspects:
-- Independent Whole House Assessments, to ensure delivery
encompasses social, environmental and economic considerations;
-- Robust fuel poverty data to drive interventions in the households with greatest need; and
-- Stimulating the local economy via job creation and tradecraft
apprenticeships within the SME sector.
Everwarm will manage a range of services, including insulation
and central heating upgrades, working with local operators to
ensure we see the benefits in the local economy.
Michael McMahon, Chief Operating Officer, said:
"The successful award of the Arbed 3 contract builds on the
excellent work performed by Everwarm and Energy Saving Trust with
the Scottish Government's area based flagship Home Energy
Efficiency Programme for Scotland. The Contract was Everwarm's key
strategic target, taking the business into a new Country, whilst
capitalising on its existing expertise. We look forward to working
with Welsh Government in delivering the Arbed 3 programme and are
delighted in announcing another strategic landmark for the Group's
Energy division".
ENDS
Enquiries
Lakehouse Financial Public Relations
Bob Holt, Chairman, 07778 798816 Camarco
Michael McMahon, Chief Operating Ginny Pulbrook
Officer
Jeremy Simpson, Chief Financial Officer Tom Huddart
Telephone: 01708 758 800 Telephone: 020 3757
4992
Stockdale Securities
Andy Crossley
Antonio Bossi
Telephone: 020 7601 6100
Notes to editors
Lakehouse is an asset and energy support services group that
constructs, improves, maintains and provides services to homes,
schools, public and commercial buildings with a focus on clients in
the UK public sector and regulated markets. Services are delivered
through four divisions: Compliance, Energy Services, Property
Services and Construction.
The Group was founded in 1988 and is headquartered in Romford,
Essex. It currently employs some 2,300 staff from 29 offices across
the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
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