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IN BRIEF: Panoply Unit Wins Contract As Part Of UK Government Project

Wed, 17th Jun 2020 14:13

Panoply Holdings PLC - IT service management company - Subsidiary FutureGov has won a 12-month contract with the UK Ministry of Housing, Communities & Local Government, as part of Panoply's GBP9.5 million of new business wins in the first eight weeks of the current year. The project will enable local authorities across England to access the GBP3.6 billion Towns Fund, which 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 the project. FutureGov's share of this contract further underpins Panoply's confidence in achieving its expectations for the current year. 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.

Current stock price: 79.00 pence

Year-to-date change: flat

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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