Business
Tanfield named as Preferred S
Tanfield named as Preferred S.
About this update from Tanfield Group Plc
[{"type":"text","content":"\n RNS Number : 4228U Tanfield Group PLC 24 June 2009 \n \nThe Tanfield Group PLC\n('Tanfield', or 'the Company')\n\n24 June 2009\n\nTanfield Named as Preferred Supplier in Government Electric Van Programme\n\nTanfield is pleased to announce that it will be part of the UK Government's Low Carbon Vehicle Procurement Programme ('LCVPP'), administered by the Department for Transport ('DfT').\n\nThe LCVPP will provide subsidies for select public sector bodies to procure electric and low carbon vans. \n\nTanfield, a key supplier of the electric vans included in this project will supply the Smith Edison, a vehicle already in production at Tanfield's Washington production facility, which is based on the popular Ford Transit panel van. \n\nThe DfT will provide grant funding towards the procurement of the vehicles, covering the incremental cost of the low carbon option compared with a conventional vehicle. \n\nThe first phase of the LCVPP will see a total of four suppliers deliver a maximum of 150 electric vans to 12 public sector bodies, including the Royal Mail, HMRC, Government Car & Despatch Agency, Metropolitan Police, Environment Agency, Transport for London and six consortia of local authorities.\n\nThe DfT is collating the requirements of the participating end users and will shortly inform each supplier of the number of vehicles it will be producing for phase one.\n\nIf the first phase of the programme is successful, the DfT will look at the opportunity to expand the trials into the wider public sector.\n\nDarren Kell, CEO of Tanfield, said: 'This programme gives us the opportunity to strengthen existing customer relationships and expand our end user base.\n\n'We will be working hard to ensure that this first phase is a success, so that the DfT rolls out a wider subsidy programme to the public sector as a whole.'\n\nTanfield will provide an update on the LCVPP phase one vehicle production orders as soon as these are formally notified.\n\nFor further information:\nThe Tanfield Group Plc +44 (0)845 1557 755\nDarren Kell, CEO \nCharles Brooks, FD \n\nArbuthnot Securities +44(0)20 7012 2000\nNomad and Broker&n...