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Tech

TPXimpact shares climb as it lands another UK govt contract

TPXimpact Holdings PLC shares were up again on Thursday, rising 9.8% to 31p, after announcing its second UK government contract in as many days.

Today, the firm announced it has won a £39 million, four-year contract with the Department for Environment, Food & Rural Affairs. The AIM-listed group was selected after a competitive tender for the Service Type 3 – Product Development lot under DEFRA’s new Digital, Data and Technology “Capability as a Service” resourcing model.

The company said the award builds on its existing role as an incumbent provider of user-centred design positions within the department.

Chief executive Bjørn Conway described the deal as strategically important, positioning TPXimpact “at the heart” of DEFRA’s environmental and rural digital agenda and linking the work to improved service delivery for farmers and citizens.

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