Northcoders Expands with AI Bootcamp and £1.5m Financing
Deal News | Mar 05, 2025 | Business Cloud
Northcoders, a tech training provider with bases in Manchester and Leeds, has announced the launch of a new bootcamp focused on data engineering, AI, and machine learning. This 14-week program set to start on June 16, 2025, aims to equip students with advanced skills in AI applications, including neural networks and industry-relevant projects. Alongside this educational expansion, Northcoders has secured a £1.5 million financing agreement with NatWest to support its growth. The financing includes refinancing existing high-interest loans under better terms secured against the company's IP. Northcoders emphasizes its commitment to delivering cutting-edge skills essential for the tech industry.
Sectors
- Education Technology
- Artificial Intelligence
- Financial Services
Geography
- United Kingdom – The article mentions that Northcoders has bases in Manchester and Leeds, indicating its presence in the UK.
Industry
- Education Technology – This sector is relevant as the article focuses on Northcoders' launch of a tech-focused educational bootcamp.
- Artificial Intelligence – The bootcamp being launched is specifically centered around AI and machine learning, making this industry highly relevant.
- Financial Services – The article discusses a financing agreement with NatWest, highlighting the involvement of financial services.
Financials
- £1.5m – Financing agreement secured by Northcoders with NatWest.
- £400,000 – Amount of existing loan being refinanced with improved terms.
- 2.5% – Fixed rate above base for the £1m portion of the new loan, over four years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Northcoders | Target Company | Company | A tech training provider launching a new AI and machine learning bootcamp. |
| NatWest | Lender | Company | A financial institution providing a £1.5m financing agreement to Northcoders. |
| Creative England | Previous Lender | Company | The original lender of a £400,000 loan to Northcoders, which is being refinanced. |
| Steven Oakes | CMO | Person | Chief Marketing Officer of Northcoders, quoted about the new bootcamp. |