Northcoders Secures £10 Million Contract Win to Boost Software Coding Training

By Anushka Malhotra
1 minute 7 seconds
Investment
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Quick Read: Northcoders triumphs with a £10 million contract win from the Department for Education, securing further funding for its acclaimed technology bootcamps in Leeds, Manchester, and Birmingham. The victory marks the fourth consecutive year of increased Government support for Northcoders.
Northcoders, the technology training powerhouse, has clinched a substantial victory with a £10 million contract win from the Department for Education Skills Bootcamp Dynamic Purchasing System 2 bid (DPS).
This fresh injection of funding is a testament to Northcoders' prowess and is earmarked for further development of its intensive 18-month bootcamp courses across Leeds, Manchester, and Birmingham.
The funding secures Northcoders with robust revenue visibility for FY-2024 and H1-2025, marking an 18.6% surge in revenue per student compared to its previous nine-month contract. Chris Hill, CEO of Northcoders, expressed his enthusiasm, stating, "This is a fantastic demonstration of Northcoders' reputation as a market-leading, quality technology training company."
The company's success aligns with the escalating global skills challenge driven by the continuous emergence of new technologies. Recognizing the growing priority of training in these fields across both public and private sectors, Hill remarked, "Knowing we are the provider of choice is a testament to the team and the business we have built."
This lucrative contract not only provides Northcoders with a solid financial foundation for the upcoming year but also affirms their confidence as they step into 2024. Hill added,
"This contract provides us with strong visibility and dependable cash flow for the year ahead, and as such, we move into 2024 with strong confidence."
The £10 million funding is earmarked for Northcoders' core B2C Software Engineering, Data Engineering, and Cloud Engineering bootcamp courses. Impressively, this marks the fourth consecutive year that Northcoders has successfully secured increased Government funding for its bootcamps, cementing its position as a leading force in technology training.
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