New contract with the Department for Education

Made Tech Group PLC

16 September 2024

 

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: [phone]
Rawlings Financial PR Limited Cat Valentine	Email: [e-mail] Tel: [phone]

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/

 

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