Northcoders Grp Share News (CODE)

(Alliance News) - Northcoders Group PLC on Wednesday said its Business Solutions division has renewed its contract with R2 Factory, part of Rolls-Royce Holdings PLC, for another year.

Northcoders is a Manchester-based software coding training provider.

It said it will run a developer incubator programme as part of the contract with the FTSE-100 London-based vehicle manufacturer, worth GBP450,000.

Northcoders Chief Executive Officer Chris Hill said: "We are really pleased that R2 Factory and Rolls Royce have renewed their contract with our Business Solutions division for another year and this type of recurring business is testament to the high quality service that we provide for our clients. The developer incubator programme that we are running for them is the same as last year but with a different team made up of four junior and one senior developers."

He added: "The continued success of our Developer Incubator programme within the Business Solutions division is key to the sustained growth of the business as we move into developing our new technical areas and continue in our mission to provide the UK with the technologists it needs while creating life-changing opportunities for individuals from all walks of life."

It said the contract follows on from a similar programme that Northcoders ran successfully for R2 Factory last year which has just finished.

Northcoders added that during the last twelve months, it has secured multiple new contracts in its Business Solutions division, such as with accounting firm KPMG International Ltd.

Northcoders shares were down 1.5% at 300.30 pence each on Wednesday morning in London; Rolls-Royce shares were down 0.3% at 90.36p each.

By Xindi Wei, Alliance News reporter

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