Capita preferred bidder to council

Support services firm Capita said yesterday it had been recommended as the preferred bidder to deliver Staffordshire Council’s educational support services. The contract has an initial value of £85m a year over 20 years to a joint venture (JV) of Capita and the county council. Capita will make an initial investment of £24.9m to take a majority stake in the JV, then and a further £6.6m over three years.