Northcoders, a leading technology training provider, has recently secured an additional $12.7 million (£10 million) in funding from the Department for Education. With additional financing, the Manchester-based startup aims to extend its bootcamp courses in software development, data engineering, and cloud computing. This is the fourth year in a row that Northcoders has received higher government support for their bootcamps.
Northcoders is based on the belief in a dynamic and diverse digital community, and it is led by people who love technology and believe that a team is stronger when everyone is included. The platform aims to give the tech industry the required talent while delivering life-changing chances to people from all walks of life. Its bootcamps enable individuals to become work-ready software developers, cloud engineers, or data engineers in just 13 weeks. Coding abilities are in high demand in today’s rapidly changing world. The courses will provide students with all of the necessary skills to begin a career in technology, regardless of their experience.
Speaking about the company, Chief Executive Officer of Northcoders, Chris Hill, said:
This a fantastic demonstration of Northcoders’ reputation as a market leading, quality technology training company. 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, so we move into 2024 with strong confidence.
The organization is where people of various backgrounds come to better their lives. Whether someone comes here from school, university, previous employment, a career hiatus, or a refugee from another country, they will become a work-ready coder, data engineer, or cloud engineer. Since 2016, almost 2,000 people have graduated from a Northcoders bootcamp.
Steven Oakes, Northcoders’ newly promoted Chief Marketing Officer, stated:
This will help us provide enhanced training opportunities for more individuals over the next 18 months. It’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. This gives us strong revenue visibility for FY 2024 and H1 2025, bolstering our confidence as we move forward.
The successful funding came from the Department for Education’s Skills Bootcamp Dynamic Purchasing System 2 proposal.