Coding specialist Northcoders secures £1.5m investment to fund further growth

Northcoders, the Manchester-based coding specialist with bases in Birmingham, Newcastle and Leeds, has secured a new £1.5m finance agreement that will support its next stage of growth.

The package, from NatWest, includes the £0.4m refinance of the existing 11% loan with Creative England, secured over three years, at a significantly improved fixed rate of 3.5% above base and £1m over four years, at a fixed rate of 2.5% above base.

These superior terms have been secured against the group’s internal IP (intellectual property) and the additional funds will be available to support the next stage of Northcoders’ growth as the company continues to diversify its revenue streams.
The loan also offers the option to increase the facility each year, subject to IP valuation monitoring.

Northcoders said it continues to have a strong balance sheet, with cash and undrawn loan facilities totalling £2.5m as at March 4, 2025.

Northcoders said it is also expanding its portfolio with the  launch of a new bootcamp that is focused on data engineering, AI, and machine learning.

The bootcamp will teach the technical expertise, problem solving mindset, and project experience which are needed for a successful career in the rapidly evolving and diverse tech space.
Steven Oakes, CMO at Northcoders, said: “This new bootcamp is designed to be world class and deliver the cutting edge skills today’s tech industry demands.

“By continually evolving our curriculum to incorporate the latest in data engineering, AI, and machine learning, we are ensuring our graduates are not only ready for current challenges but will also become part of the next generation of data engineers, who won’t simply use AI as a writing tool, but will, instead, build systems that incorporate AI and ML in ways that push the boundaries of the field.”

He added: “This approach is absolutely key in our mission of developing the most in-demand tech professionals of tomorrow.”