£10m contract win for software coding training business
Technology training business, Northcoders, has secured further funding from the Department for Education Skills Bootcamp Dynamic Purchasing System 2 bid. (DPS)
This new round of funding provides Leeds, Manchester and Birmingham-based Northcoders with a further £10m to train people at its bootcamp course, which is deliverable over 18 months.
Northcoders says it provides the company with strong revenue visibility for FY-2024 and H1-2025. It also underpins an 18.6% increase in revenue per student, compared to its previous nine month contract.
Chris Hill, CEO of Northcoders, said: “This a fantastic demonstration of Northcoders’ reputation as a market leading, quality technology training company.
Chris Hill, Northcoders CEO
“With the global skills challenge increasing through the continuous introduction of emerging technologies, training in these fields has become a priority across public and private sectors.
“Knowing we are the provider of choice is a testament to the team and the business we have built.
“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.”
This funding has been received for the business’s core B2C Software Engineering, Data Engineering and Cloud Engineering bootcamp courses.
It is the fourth year in succession in which Northcoders has succeeded in winning increased Government funding for its bootcamps.
