Construction firm and city council form joint venture company to maintain 20,000 council houses
Kier has signed a £400m contract with Stoke-on-Trent City Council for repairs and maintenance on the city’s 20,000 council houses.
The construction group has formed a joint venture company called Kier Stoke to carry out the work. Stoke-on-Trent City Council has a 20% stake in the new firm.
The contract is for 10 years with an option to extend for a further five.
John Dodds, Kier Group chief executive, said: "We are looking forward to working in partnership with the council, tenants, other service users and staff to improve services and deliver the aspirations of all involved.
"This will be achieved by creating a successful business that contributes to the wider regeneration of the Stoke area."
Over 500 council employees have moved to Kier Stoke. As well as ongoing work on the housing stock, the company will be complete all works on the government’s Decent Homes programme.