Northcoders, headquartered in Manchester, is an independent provider of training programmes for software coding. It offers a range of training and software development solutions to individual and corporate customers. Northcoders’ offering includes ‘bootcamp’ training courses, government funded apprenticeships, bespoke training courses and software development solutions. In addition, Northcoders’ proprietary IP in its platform allows the Group to streamline and automate elements of the delivery of its courses.

Northcoders operates a hybrid delivery model by providing its services in person, at one of Northcoders’ regional office ‘hubs’ currently located in Manchester and Leeds, and also digitally via its online platform. The online element has been a growing part of Northcoders’ offering since the beginning of the COVID-19 pandemic.

Vela holds 341,666 new ordinary shares of 1 penny each representing 4.9 per cent. of Northcoders’ share capital.