The council has sent its contract notice to the Official Journal of the European Union today, calling for bidders for the 15 year deal.
Under the contract the winning bidder will form a local education partnership with the council to deliver new secondary schools.
Initially this LEP will deliver two sample schools and two academies, valued at around £86 million. Supplementary projects in the first four years will see this figure rise to £130 million while later projects, including primary and extended schools, could add a further £150 million worth of work.
The council has also left the door open for the LEP to be allowed to deliver non-schools refgeneration projects throughout the contract period.
Luton BSF project director Robin Porter said: “Luton is excited by the potential scope of the LEP. We are procuring a LEP that will deliver a lot more than 11 Secondary Schools and 2 Academies. Our Primary Capital Programme, Extended Schools Programme will also definitely be delivered through the LEP. Potentially also are leisure facilities, housing projects and other regeneration projects”