4 Apr 2007

The Interserve-led consortium Environments for Learning (E4L) and Leeds City Council have achieved financial close on the first phase of the Leeds Building Schools for the Future (BSF) programme. The contract forms a 10-year strategic partnership between the council, Education Leeds, the government's Partnership for Schools and E4L to deliver the Leeds BSF programme.  The initial wave of projects is worth £240m and will be delivered in a number of phases, the first of which is worth some £133m.

This is only the fourth project in the national BSF programme to reach financial close and is the largest in capital value.  It has progressed rapidly - achieving financial close in only 14 weeks from the appointment of preferred bidder.