RCS - Hercules Site Svcs - Launch of Hercules Construction Academy

Hercules Site ServicesAnnouncement

31/01/2024 07:00

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RNS Number : 4289B  Hercules Site Services PLC  31 January 2024

Reach - Non-regulatory

 

31 January 2024

 

 Hercules Site Services plc

("Hercules" or "the Company")

 

Launch of Hercules Construction Academy

 

Hercules Site Services plc (AIM: HERC), a leading technology enabled labour
supply company for the UK infrastructure and construction sectors, is pleased
to announce the opening of the Hercules Construction Academy (the "Academy")
today.

 

The Academy, situated in the market town of Nuneaton, West Midlands, plans to
train up to 400 new entrants in its first year, going on to upskill and
educate thousands of workers over the coming years.

 

The Academy will initially employ eight members of staff and provide a range
of courses. Qualifications offered include health and safety courses, NVQs,
T-levels and degree-level apprenticeships, as well as specialist courses in
utility detection, working at height, overhead powerline awareness, highways,
and other bespoke industry courses.

 

The qualifications will be accredited by The Construction Industry Training
Board (CITB), the industry training board for the UK construction industry, as
well as the National Open College Network and the Energy & Utility Skills
Register.

 

The CITB, as part of its Construction Skills Network report, has forecasted
that an additional 225,000 workers will be needed by the industry by 2027 to
meet demand.

 

The Academy will help address this skills shortage and ultimately benefit
major infrastructure and construction projects across the UK, including the
likes of HS2, the planned AMP8 water sector infrastructure works, Highways
England projects and proposed mega-projects like the Lower Thames Crossing as
well as renewable energy and nuclear energy infrastructure.

 

The Hercules Construction Academy is situated next to Birmingham and Coventry,
where some of the region's major infrastructure and construction projects,
including HS2, are situated. The location also gives Hercules a base in the
heart of the middle of the UK.

 

Brusk Korkmaz, CEO of Hercules Site Services, said: "This landmark launch
represents an incredibly exciting time for Hercules and the wider industry. We
recognise the rapidly changing training and skills landscape and we believe we
can deliver the very best in construction training throughout the UK.

 

"Hercules prides itself in taking an innovative approach to providing labour
and support services to the infrastructure and construction industries,
something which we have been doing since 2008. And I am proud to support the
next generation of learners into our academy and beyond, where we plan to
recruit some of the learners into our Labour Supply and Construction Services
divisions.

 

"Attendees of the Hercules Construction Academy will learn from lecturers with
extensive hands-on and real-world experience of the industry, whilst our
location and connections throughout the sector mean learners will be extremely
well placed to secure employment and others will return to their employers
with enhanced skill sets."

 

Minister for Skills, Apprenticeships and Higher Education Robert Halfon
said:

 

"It's fantastic to see key employers like Hercules offering gold standard
T-Levels, alongside high-quality apprenticeships, and other qualifications.

 

"We are building a skills and apprenticeships nation, Hercules Construction
Academy will enable more people to gain the skills and experience they need to
build a successful career in the construction industry, while ensuring the
sector can continue to tap into the talent pipeline they need.

 

"I'm also delighted it will expand access to more Degree Level Apprenticeship
opportunities, allowing people of all backgrounds to earn while they learn
without the student debt and climb the ladder of opportunity."

 

Julie Venn Morton, HS2's Ltd's Senior Legacy Manager for the West Midlands
region said:

 

"We welcome the arrival of the Hercules Construction Academy, which will play
an important role in upskilling local people ready for work in the
construction sector.

 

"In the months ahead, construction of the two new HS2 stations and the network
control centre will really start to take shape, creating hundreds more local
job opportunities."

 

Rt Hon Marcus Jones MP, MP for Nuneaton, said:

 

"I am so pleased the Hercules Construction Academy is being launched in
Nuneaton.

 

"The Hercules Academy based here in Nuneaton offers a diverse range of
accredited courses to help aspiring professionals and equip industry roles.

 

"I have always advocated practical training experience and I know this purpose
built environment will enable that.

 

"I know this project will take on hundreds of entrants in the next few years
and train and upskill applicants who will go onto important careers in
construction and infrastructure.

 

"I wish Hercules and the Hercules Construction Academy every success."

 

Cllr Martin Watson, Warwickshire County Council Portfolio Holder for Economy,
said: "It's fantastic news for Warwickshire that the Hercules Construction
Academy is now accepting students significantly boosting the opportunities for
our residents to explore a career in construction.

 

"Hercules offer an impressive selection of courses which will complement the
needs of the industry and our local businesses."

 

-ENDS-

 

For further information and enquiries, please contact:

 

 Hercules Site Services plc                                                             c/o SEC Newgate

 Brusk Korkmaz (CEO)

 Paul Wheatcroft (CFO)

 SP Angel (Nominated Adviser and Joint Broker)                                     +44 (0) 20 3470 0470

 Matthew Johnson / Adam Cowl / Harry Davies-Ball (Corporate Finance)

 Grant Barker / Rob Rees (Sales and Broking)

 Cavendish Securities plc (Joint Broker)                                           +44 (0) 20 7397 8900

 Adrian Hadden / Charlie Combe / Dale Bellis (Sales and Broking)

 SEC Newgate (Financial Communications)                                           +44 (0) 20 3757 6882

 Elisabeth Cowell / Ian Silvera / Matthew Elliott                      Hercules@secnewgate.co.uk (mailto:Hercules@secnewgate.co.uk)

 

 

About Hercules Site Services plc

 

Hercules is a leading tech enabled labour supply company for the UK
infrastructure sector. Founded in 2008, Hercules has an established track
record of profitability and fast-growth and has built a blue-chip customer
base which includes Balfour Beatty, Costain, Kier, Skanska, Dyer & Butler
and Volker Fitzpatrick. The Company has been appointed to provide labour for a
range of high-profile infrastructure projects, such as HS2, due to its agile,
innovative, digital first approach and complete service offering. It is
well-placed to benefit from any government increase in infrastructure spending
and its experienced management team has identified multiple opportunities for
growth.

 

 

 

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