Carillion, advised by Newbridge (then trading as Centrus Capital), signed a contract on 12 November 2012 with the Birmingham Energy Savers (BES) scheme to deliver energy services as part of the Green Deal.
Under the BES scheme, Carillion will work with Birmingham City Council as its exclusive delivery partner to improve the energy and carbon efficiency of up to 60,000 households across the city, together with schools and other non-domestic council properties.
The scheme will give households affordable ways of improving their properties by fitting energy efficiency measures, such as insulation and new boilers, under the Government’s Green Deal.
As part of the partnership, Carillion has committed to create and sustain at least 360 jobs and to help 600 people from priority groups into placements, training and jobs, many through its own investment and skills training but also by encouraging its business partners to invest locally in a range of new green energy facilities.
The eight-year contract is estimated to be initially worth up to £600 million, but has the potential to be extended to the wider West Midlands area under a framework agreement worth up to £1.5 billion over eight years.