MTEC.L

Made Tech Group PLC
Made Tech Group PLC - Made Tech awarded £19.5m new contract with DLUHC
22nd April 2024, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 3815L
Made Tech Group PLC
22 April 2024
 

22 April 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 £19.5m new contract with DLUHC

 

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 new contract with The Department for Levelling Up, Housing & Communities ("DLUHC"), worth up to £19.5 million revenue to the Group over a 24 month period with a 12 month extension option.

 

Made Tech will work with DLUHC on the design and development of new digital tools and services. The first of these services to be delivered under this contract is expected to be the Privately Rented Property Portal - a national private rented sector database.

 

Made Tech won its first contract with DLUHC in 2019 to deliver the Energy Performance Buildings Register worth c.£0.8m. Following the award of the initial contract, Made Tech has since been awarded further contracts including Digital Planning Reform Delivery Partner in 2021 worth c.£3.8m, and Digital Capability for Urgent DDaT requirements in 2023 worth c.£8.0m.                                                                                                                            

 

Rory MacDonald, CEO of Made Tech, said:

 

"Having supported DLUHC to deliver more than 35 digital projects since 2019 we are excited for the opportunity to continue building our partnership.  The award of this contract helps underpin our revenue expectations for FY25 and is a testament to the confidence in Made Tech to deliver major new programmes of work." 

 

Enquiries:

 

Made Tech Group plc

Rory MacDonald, CEO

Neil Elton, CFO

via Belvedere PR

Singer Capital Markets (Nominated Adviser & Broker)

Jennifer Boorer / Harry Gooden / Asha Chotai

Tel: +44 (0) 20 7496 3000

 

Belvedere PR (Financial PR)

Cat Valentine

Keeley Clarke

Email: madetech@belvederepr.com

Tel: +44 (0) 7715 769078

Tel: +44 (0) 7967 816525

 

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/

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
CNTFZGMDFLFGDZM]]>
TwitterFacebookLinkedIn