VANL Van Elle Holdings Plc

19 August 2024

Van Elle Holdings plc

('Van Elle', the 'Company' or the 'Group')

Framework Delivery Partnership

Van Elle Holdings plc (AIM: VANL), the UK's largest ground engineering contractor, has been confirmed as one of the delivery partners in Southern Renewals Enterprise's £1.4bn 10-year building and civils minor works framework programme for Network Rail's Southern region.

The Company will be allocated reactive, planned maintenance and small renewals projects across the Kent, Sussex, and Wessex routes covering control periods 7 and 8.

Van Elle's award under the civils portfolio covers earthworks and drainage, with a specific emphasis on slope stability in response to climate change related infrastructure investment. Van Elle's involvement in the framework has the potential to run for the full 10 years, depending on performance.

Chief Executive Officer, Mark Cutler commented.  'We are delighted to be announced as one of the framework's specialist partners for CP7 and CP8 in the Southern region. This is an important milestone for Van Elle; we typically deliver our services through tier 1 principal contractors with whom we enjoy high levels of repeat business, but as part of the Southern Renewals Enterprise model in this framework for Network Rail, we will be involved earlier, with much greater workload visibility. This will enable us to collaborate with other framework partners and assist in the early development of efficient solutions using our breadth of specialist geotechnical and rail engineering capabilities."

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About Van Elle Holdings plc:

Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. Formed in 1984 and listed on AIM in 2016, the Company provides a wide range of ground engineering techniques and services including ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.

Van Elle operates through three divisions: General Piling, Specialist Piling and Rail, and Ground Engineering Services; and is focused on diverse end markets including residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.

About Southern Renewals Enterprise:

Southern Renewals Enterprise (SRE) is a new and innovative model introduced across Network Rail's Southern region at the beginning of Control Period 7 (CP7) in April 2024 to deliver the £9bn renewals portfolio between 2024 and 2034.

With SRE, the Southern region seeks to make transformational change in how renewals work is delivered by merging the capabilities of Network Rail and its Southern Integrated Delivery (SID) partners VolkerFitzpatrick, Octavius, AtkinsRéalis and VolkerRail to develop an integrated approach to delivery that will make the best use of resources, maximise efficiencies and collectively incentivise partners to deliver value to taxpayers and the right outcomes for passengers, freight and railway funders.