REG - Serco Group PLC - Serco wins new £350m contract

SercoAnnouncement

17/10/2023 07:00

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RNS Number : 3028Q  Serco Group PLC  17 October 2023

Serco wins contract for DWP Functional Assessment Services in south-west of UK
with value of £350m

 

17 October 2023

 

Serco brings together the right people, the right technology and the right
partners to create innovative solutions that make a positive impact and
address some of the most urgent and complex challenges facing governments.

 

Building on our platform in Citizen Services, we are pleased to announce today
that Serco has been selected by the Department for Work and Pensions (DWP),
following a competitive process, to deliver the new Functional Assessment
Services (FAS) in the south-west of England.  The five-year contract starts
in September 2024 and, subject to workload volumes, is expected to have a
value of around £350m.

 

Serco will be responsible for delivering functional health assessments for the
DWP to determine disability benefits and support.  The new FAS contracts will
be based around a single assessment provider for all services in a
geographical area, replacing the current multi-provider model that has
separate contracts to undertake assessments for Personal Independent Payment
(PIP) and Health and Disability Assessment Services (HDAS).

 

To deliver these services, Serco will make use of our knowledge and
capabilities supporting the DWP and partner with existing supply chain
providers in the region.  We will also draw on our international expertise in
this area of work, including managing a large workforce of health
professionals in support of the Australian Defence Force, delivering the
National Disability Enquiry Service in Australia, and supporting eligibility
determinations for citizens in the US under the country's Affordable Care Act.

 

Mark Irwin, Serco Group Chief Executive said: "We are pleased the DWP has
selected Serco to deliver these important services under one of the FAS
regional contracts.  We will focus on ensuring all claimants are treated with
care and respect and our employees are fully supported and trained to provide
high quality and consistent health assessments.  To deliver this new area of
work for Serco, we will draw on our extensive experience supporting and
delivering important health programmes around the world and build on our
value-based relationship with the DWP to ensure we become a true Impact
Partner to the department".

 

Serco - Impact a better future.

 

 

Ends

 

For further information please contact:

Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or
email: paul.checketts@serco.com (mailto:paul.checketts@serco.com)

Marcus De Ville, Head of Media Relations, tel: +44 (0) 7738 898 550 or email:
marcus.deville@serco.com (mailto:marcus.deville@serco.com)

 

 

About Serco

Serco is a leading provider of public services.  Our customers are
governments or others operating in the public sector.  We gain scale,
expertise and diversification by operating internationally across five sectors
and four geographies: Defence, Justice & Immigration, Transport, Health
and Citizen Services, delivered in UK & Europe, North America, Asia
Pacific and the Middle East. More information can be found at www.serco.com
(http://www.serco.com)

 

 

Forward looking statements

This announcement contains statements which are, or may be deemed to be,
"forward-looking statements" which are prospective in nature.  All statements
other than statements of historical fact are forward-looking statements.
Generally, words such as "expect", "anticipate", "may", "could", "should",
"will", "aspire", "aim", "plan", "target", "goal", "ambition", "intend" and
similar expressions identify forward-looking statements.  By their nature,
these forward-looking statements are subject to a number of known and unknown
risks, uncertainties and contingencies, and actual results and events could
differ materially from those currently being anticipated as reflected in such
statements.  Factors which may cause future outcomes to differ from those
foreseen or implied in forward-looking statements include, but are not limited
to: general economic conditions and business conditions in Serco's markets;
contracts awarded to Serco; customers' acceptance of Serco's products and
services; operational problems; the actions of competitors, trading partners,
creditors, rating agencies and others; the success or otherwise of partnering;
changes in laws and governmental regulations; regulatory or legal actions,
including the types of enforcement action pursued and the nature of remedies
sought or imposed; the receipt of relevant third party and/or regulatory
approvals; exchange rate fluctuations; the development and use of new
technology; changes in public expectations and other changes to business
conditions; wars and acts of terrorism; cyber-attacks; and pandemics,
epidemics or natural disasters.  Many of these factors are beyond Serco's
control or influence.  These forward-looking statements speak only as of the
date of this announcement and have not been audited or otherwise independently
verified.  Past performance should not be taken as an indication or guarantee
of future results and no representation or warranty, express or implied, is
made regarding future performance.  Except as required by any applicable law
or regulation, Serco expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking statements
contained in this announcement to reflect any change in Serco's expectations
or any change in events, conditions or circumstances on which any such
statement is based after the date of this announcement, or to keep current any
other information contained in this announcement.  Accordingly, undue
reliance should not be placed on the forward-looking statements.

 

LEI: 549300PT2CIHYN5GWJ21

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