Panoply Holdings PLC (The) Contract as part of major UK Government project
17 Giugno 2020 - 8:00AM
RNS Non-Regulatory
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Panoply Holdings PLC (The)
17 June 2020
17 June 2020
RNS Reach
The Panoply Holdings PLC
("The Panoply", the "Group", and the "Company")
New contract as part of major UK Government project
The Panoply (AIM: TPX), the technology-enabled services group
focused on digital transformation, announces that it is now able to
disclose that its subsidiary FutureGov has won a strategically
significant contract with the Ministry of Housing, Communities and
Local Government (MHCLG), as part of the GBP9.5 million of new
business wins in the first 8 weeks of the current year that the
Group announced on 26 May 2020. The project will enable local
authorities across England to access the GBP3.6 billion 'Towns
Fund', a fund that will be invested into 100 towns as part of the
government's plan to level up the UK's regions.
FutureGov will be working as part of a multidisciplinary
consortium to deliver this project, alongside other leading
organisations led by Arup and including Copper Consultancy, Grant
Thornton UK LLP and The Nichols Group. FutureGov's role as town
partner will be to harness the passion of the public and support
the 100 towns to create better links, build a long-term, collective
vision for sustainable change and better shape the future of their
places.
The contract signed between the consortium and MHCLG is for a
12-month period. FutureGov's share of this contract further
underpins the Group's confidence in achieving its expectations for
the current year.
The creation and delivery of the Towns Fund is a key part of the
Government's 'levelling up' program, designed to support the
regeneration of communities that have not benefited equally from UK
growth. For FutureGov, supporting the Towns Fund means delivering
on the company's mission to help organisations and communities
build places fit for the internet, whilst contributing to the
reduction of carbon emissions. This is in line with The Panoply
Vision to deliver genuine change within our world to maximise the
opportunities of the 21st century.
Neal Gandhi, CEO of The Panoply commented:
"FutureGov's inclusion in the Towns Fund programme demonstrates
the reputation that the company has for delivering strategically
important initiatives that go to the heart of the Government's
policy agenda. We are seeing growing signs across the Group of the
market rapidly moving towards the recovery phase and this contract
is an example of the return to a more "business as usual" state of
affairs."
Dominic Campbell, CEO of FutureGov commented:
"Joining this consortium to support over 100 towns across
England is testament of our commitment to supporting public sector
organisations and the communities they serve. Working with these
towns we have an opportunity to focus on collaboration and working
together in uncertainty, harnessing the passion of the public to
shape the future of their places."
Enquiries:
The Panoply Holdings Via Alma PR
Neal Gandhi (CEO)
Oliver Rigby (CFO)
Stifel
(Nomad and Broker)
Fred Walsh
Alex Price +44 (0)207 710 7600
Alma PR panoply@almapr.co.uk
(Financial PR) +44(0)203 405 0206
Josh Royston 07780 901979
Susie Hudson
About The Panoply
The Panoply is a digitally native technology-enabled services
group, built to service clients' digital transformation needs.
Founded in 2016, with the aim of identifying and acquiring
best-of-breed specialist information technology, design and
innovation consulting businesses across Europe, the Group
collaborates with its clients to deliver the technology outcomes
they're looking for at the pace that they expect and demand.
More information is available at www.thepanoply.com
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END
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