Department for Education
Sanctuary Buildings, Great Smith Street, London, SW1P 3BT, United Kingdom
Overview
Department of Education in England is responsible for education, children's services, higher education, further education, apprenticeships, and skills. The company was based in London, England.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Education
- Government
- Higher Education
Investment portfolio
- Northcoders
Led · Equity · Jan 2024
Northcoders is a Manchester-headquartered tech training provider offering bootcamp courses in software development, data engineering and cloud engineering. The company delivers intensive training aimed at preparing individuals for roles in the technology sector. An additional £10m of funding from the Department for Education will allow Northcoders to expand those bootcamp courses. This marks the fourth consecutive year the firm has received increased government funding for its bootcamps, signalling sustained public-sector support. Management says the contract provides strong visibility and dependable cash flow for the year ahead and will support enhanced training opportunities over the next 18 months. The company reports the funding represents an 18.6% increase in revenue per student compared to its previous contract, aligning with a focus on driving near-term profitability and revenue visibility for FY2024 and H1 2025.