About WEPCo


WEPCo is a Joint Venture – a long-term partnership – between the Development Bank of Wales (Welsh Government) and Meridiam to develop Education facilities on behalf of Local Authorities and Further Education Institutions in Wales.

WEPCo’s role is to facilitate the delivery of new education facilities (primary, secondary, and further education colleges) in Wales using the Mutual Investment Model (MIM) developed by the Welsh Government to finance major capital projects.

WEPCo’s Commitments for the Welsh Education Partnership (WEP)

  • Build a long term and trusted partnership
  • Deliver value for money for Local Authorities, Further Education Institutions and the Welsh Government
  • Align with the Well-being of Future Generations Act
  • Drive continuous improvement
  • Lead on environmental sustainability and quality throughout construction and operations
  • Deliver meaningful and impactful Community Benefits that improve the quality of peoples lives

WEPCo’s Priorities


Developing schools for the future, using resources efficiently and proportionately to contribute to measures against climate change

Future generations

Act in the interests of future generations, imbedding and aligning our work & engagement with the 5 ways of working

Local Benefit

Acting for local benefit, ensuring our projects contribute to the local economy, improving our local communities.

Sustainable procurement

Consider environmental, social, economic and cultural impact of our procurement, providing value for money on a whole life basis in terms of generating benefits not only to the organisation, but also to society and the economy, whilst minimising damage to the environment

Diversity and inclusion

Valuing diversity and recognising the responsibility to prioritise and promote inclusion. Taking action to eliminate unfair and inappropriate barriers, make judgements based on equity and merit, and treat people with respect and dignity

Accountability and Transparency

Acting responsibly and with transparency

Ensuring delivery of outstanding value for money for Wales