Remploy Employment Services (Including Work Choice Contract)

Buyer: Department for Work and Pensions


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Description:
Description:
The Department for Work and Pensions wishes to help establish the existing Remploy Employment Services including its assets and infrastructure as a commercial business that continues to transform the lives of disabled people. The Department is seeking an innovative Partner / Investor to acquire a significant stake of the business and invest in the continued growth and development of Remploy Employment Services in the private sector. This includes the delivery of a national Work Choice contract from April 2015 that spans three years. This contract comprises two years of new referrals with an option to extend at the end of this period and one additional year of earning potential. The Partner / Investor will need to demonstrate the involvement of employees in the governance and strategic direction of the company (including the potential for shareholdings held on the employees’ behalf in an employee benefit trust). The Partner / Investor is also expected to demonstrate the capability to create and grow new business, support and drive innovation, develop effective growth strategies and financial strength including ability to provide / raise capital. The Department will have a contractual arrangement with the new company (in whatever legal form is agreed as part of this process) to continue the national delivery of Work Choice and other Departmental contracts and agreements which are expected to be transferred as part of this process. The Partner/ Investor will need to demonstrate a commitment to delivery with respects to the national Work Choice contract and any other business taken on as part of this process and will need to demonstrate the capacity and capability to do so.

Country:
Country:
United Kingdom

Published:
Published date:
Jun 04 2016

Deadline:
Deadline:
Sep 03 2014




OC ID:
Open Contracts ID:

Saved on:
Saved on:

Source ID:
Source ID:
22901


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