£270 is not a bad quote..
A decent OE quality timing belt kit with water pump would be around £90-£120 (obviously there is cheaper out there but use at your own risk)
auto data quote 2.4 hours @ £40 - £60 (maybe more depending on the garage)
However as they are simple engines it is easy to do it yourself (there's a good sticky on here) just ensure you get the tension correct
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