Manchester-headquartered Northcoders, the independent provider of training programmes for software coding, has landed £4m of government funding.
The funding comes from the Department for Education’s Skills Bootcamps Wave 3 bid and will be used to provide scholarships at Northcoders’ market-leading bootcamp.
The new contract also provides the company with revenue visibility into the next financial year, which is expected to be another year of significant growth, and allows it to plan revenue further into the future than ever before.
The funding has been awarded not only to teach Northcoders’ core software development offering, but can also be used to fund students in its new data engineering business unit. The data engineering unit will launch in Q4 2022, and is the next discipline within the company’s product growth plan.
The scholarships are eligible for award anywhere in England, which provides a further opportunity to grow the company’s geographical footprint, including in London and other areas of the South.
Chris Hill, CEO, said: “I am delighted that Northcoders have been able to secure this additional £4 million government funding through the Department for Education. It also demonstrates how well-regarded our technology training courses are in the UK. With one of the company’s core values being to improve diversity and inclusion within the tech industry, Northcoders are pleased to continue to offer these scholarships that provide accessibility to people from all walks of life across the UK whilst helping address the significant UK digital skills gap.”
Shares in AIM-listed Northcoders jumped by more 12 per cent to 284p, their highest since May, on Tuesday afternoon following the news. Northcoders also has bases in Leeds, Birmingham and Newcastle.
