16th September
2024
This
announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms
part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
MADE TECH GROUP
PLC
("Made
Tech" or "the Group")
Made Tech awarded £13.2m
contract with the Department for Education
Made Tech, a leading provider of
digital, data, and technology services to the UK public sector, is
pleased to announce that it has been awarded a contract with the
Department for Education ("DfE"), worth c. £13.2m over a four-year
period, with an option for the DfE to extend for a fifth year,
valued at c. £3.3m. The initial contribution from this contract is
expected to be recognised in the current financial year.
The Group will provide digital,
data, and managed service capabilities to support the Standards and
Testing Agency (STA), an arm's-length body within the DfE, in
launching national curriculum assessments for pupils in primary
school. The initial focus of this contract is the delivery of the
Reception Baseline Assessment, a new government initiative to
monitor pupil progress, scheduled for rollout in April
2025.
Rory MacDonald, CEO of Made Tech, said:
"We are pleased that the Department
for Education has chosen to partner with us once again, and expand
our relationship across multiple service lines, demonstrating their
confidence in our ability to deliver critical digital solutions and
reinforcing our reputation in the market. The award of this
contract helps underpin our revenue expectations for
FY25."
Enquiries:
|
Made
Tech Group plc
Rory MacDonald, CEO
Neil Elton, CFO
|
via Rawlings Financial
|
|
Singer Capital Markets (Nominated Adviser &
Broker)
Jennifer Boorer / Asha
Chotai
|
Tel: +44 (0) 20 7496 3000
|
|
Rawlings Financial PR Limited
Cat Valentine
|
Email: madetech@rfpr.co.uk
Tel: +44 (0) 7715 769078
|
About Made Tech
Made Tech is a provider of digital,
data and technology services, which enable central government,
healthcare, local government organisations and other regulated
industries to digitally transform.
Made Tech's purpose is to
"positively impact the future of society by improving public
services technology". To achieve this the company has four key
strategic missions: Modernise legacy technology and working
practices; Accelerate
digital service and technology delivery; Drive better decisions through data and
automation; and Enable
technology and delivery skills to build better systems.
The Group operates from four
locations across the UK - London, Manchester, Bristol, and
Swansea.
More information is available
at https://investors.madetech.com/