MADE TECH GROUP PLC

Business and Financial Review • Apr 22, 2024

National Storage Mechanism | Additional information

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/

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