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Mon October 26 2020

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BAM reaches close on three Somerset schools worth £50m

28 Sep 10 BAM has reached financial close on three Somerset school projects – the only schemes that will reach site through the county's Building Schools for the Future programme.

BAM has reached financial close on three Somerset school projects – the only schemes that will reach site through the county's Building Schools for the Future (BSF) programme.

The construction value of the three new-build replacement schools is estimated at £50m.

BAM had originally been named preferred bidder for the £600m Somerset BSF in February, but all other schools projects earmarked for delivery through the contract have been cancelled, following Education Secretary Michael Gove's decision to scrap the programme.

Construction work will start this month on the three remaining schools: the 1,050-pupil Chilton Trinity Technology College; the 900-pupil Robert Blake Science College; and the 60-pupil Elmwood School, which will be co-located with Robert Blake Science College.

Financing has been arranged by BAM PPP, which is also providing an £8m equity investment.

BAM Construction will build the schools, with BAM Facilities Management running the facilities throughout the 25-year operational concession period. ICT managed services for the schools will be provided by RM Education.

Somerset County Council and BAM have formed a Local Education Partnership to deliver the new schools and related services. This organisation will be responsible for improving educational facilities and to leverage opportunities for wider regeneration, socio-economic, community and leisure benefits.

The new schools are scheduled to open in October 2012.

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