Made Tech Group PLC Made Tech awarded £19.5m new contract with DLUHC

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: [phone]
Belvedere PR (Financial PR) Cat Valentine Keeley Clarke	Email: [e-mail] Tel: [phone] 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/

 

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 [e-mail] 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