Discussion is underway with the Cabinet Office around future ownership of shared services provider, following a decade of partnership delivering significant savings for the taxpayers
London, 27 July 2023 – Following 10 successful years since the creation of Shared Services Connected Ltd (SSCL), a joint venture between Sopra Steria and the Cabinet Office, the purpose-led digital transformation provider is in conversation with the government regarding the option the Cabinet Office has to sell its stake in SSCL to Sopra Steria, in line with the original contract.
As yet no decisions have been made but Sopra Steria and SSCL are expecting discussions to conclude, and the Cabinet Office to make a decision around its stake in the joint venture, in the coming months.
Since the company was launched in 2013, SSCL has become the largest provider of critical business support services for the UK Government, Ministry of Defence, Metropolitan Police Service and the Construction Industry Training Board (CITB), delivering shared services at scale and making significant savings for the UK taxpayer. SSCL has trebled its revenues and increased its employees from 2,000 people in 2014 to more than 3,000 in 2023. There are no plans to change the leadership of the organisation, and regardless of the outcome of the discussions, there would be no impact on the services SSCL delivers to its clients.
Should the Cabinet Office decide to sell its stake within the highly successful joint venture, Shared Services Connected Ltd (SSCL) will become a wholly owned subsidiary of Sopra Steria and remain a key component to the company’s UK family of businesses.