Leading tech training provider Northcoders has secured an additional 拢10m of funding from the Department for Education.
The funding will allow the Manchester-headquartered firm to expand their bootcamp courses in software development, data engineering and cloud engineering.
It鈥檚 the fourth year in succession in which聽Northcoders has won increased government funding for their bootcamps.
Chris Hill, CEO of聽Northcoders, said:听鈥�This a fantastic demonstration of聽Northcoders鈥� reputation as a market leading, quality technology training company.
鈥淲ith 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.
鈥淜nowing we are the provider of choice is a testament to the team and the business we have built.
鈥淭his contract provides us with strong visibility and dependable cash flow for the year ahead, and as such, we move into 2024 with strong confidence.鈥�
Steven Oakes, Northcoders鈥� newly promoted 聽chief marketing officer, said: 鈥淭his will help us provide enhanced training opportunities for more individuals over the next 18 months.
鈥淚t’s not just about expansion; this funding also represents an 18.6 per cent increase in revenue per student compared to our previous contract, aligning perfectly with our focus on driving near-term profitability.
鈥淭his gives us strong revenue visibility for FY 2024 and H1 2025, bolstering our confidence as we move forward.鈥�
The successful funding came from the Department for Education Skills Bootcamp Dynamic Purchasing System 2 bid.