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
Brusk Korkmaz (CEO)
Paul Wheatcroft (CFO)
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c/o SEC Newgate
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SP Angel (Nominated Adviser and
Joint Broker)
Matthew Johnson / Adam Cowl / Harry
Davies-Ball (Corporate Finance)
Grant Barker / Rob Rees (Sales and
Broking)
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+44 (0) 20 3470 0470
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Cavendish Securities plc (Joint
Broker)
Adrian Hadden / Charlie Combe / Dale
Bellis (Sales and Broking)
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+44
(0) 20 7397 8900
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SEC Newgate (Financial
Communications)
Elisabeth Cowell / Ian Silvera /
Matthew Elliott
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+44 (0) 20 3757 6882
Hercules@secnewgate.co.uk
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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.