Brexit left its mark on EU–UK trade. In the first half of 2021, UK exports to the EU fell by almost 16%. But according to Denise McQuaid, co-founder of AwakenAngels, tech companies in Northern Ireland are now benefitting from closer access to the Republic of Ireland, which remains a part of the EU and is ... Read more ›
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The UK tackling AI risks before other countries will be key to unlocking the technology’s economic and societal benefits, the tech secretary has said. Speaking at an event in Westminster hosted by centre-right think tank Onward, Michelle Donelan, the secretary of state for the Department for Science, Innovation and Technology (DSIT), said that understanding the biggest ... Read more ›
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More than half (60%) of leaders in Europe’s finance sector have allocated spending for generative AI technology in the past 12 months, a survey has found. This is expected to rise by 15 percentage points to 75% in the next year, according to a survey carried out by professional services firm EY. The findings come ... Read more ›
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Shares in CAB Payments plummeted by more than 70% just three months after its IPO after the money transfer firm lowered revenue guidance for the year. The business-to-business payments firm reduced its 2023 revenue forecast by 17% from previously issued guidance. This sent its shares sliding by over 70% on Tuesday, with trading being halted. ... Read more ›
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Maven Capital Partners is leading a £3m Series A investment drive into London-based vehicle advertising platform Drovo. Drivers can earn money through Drovo by placing a digital sign on their vehicle, or wrapping a screen around it, to display adverts. Ads can be triggered depending on 28 different data points, Drovo said. Its technology is used ... Read more ›
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Belfast, Glasgow and Birmingham are the fastest-growing UK startup ecosystems for venture capital investment, according to new data. VC investment into Belfast has grown by 221% since 2019, reaching $80m (£65.3m), making it the fastest-growing city in the UK for startup investment, according to data from HSBC Innovation Banking and Dealroom. Over the same time ... Read more ›
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LocalGlobe, Amadeus Capital and Balderton Capital are among 20 signatories of the government’s Venture Capital Investment Compact, which aims to channel more pension funds into private startups. It follows plans laid out earlier this year by Chancellor Jeremy Hunt for pension funds to allocate 5% of their capital to unlisted equities before 2030. All of ... Read more ›
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Alternative asset provider Ctrl Alt has secured £2.2m in an investment round led by Forward Partners and Middle Game Ventures. Initially beginning as a B2C business, the startup now operates a B2B model granting fintech platforms access to alternative assets like green energy and property. “A diversified portfolio should play a key role in any ... Read more ›
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In the latest episode of the UKTN Podcast, Bianca Cefalo, co-founder of Space DOTS, discusses how the space tech industry in the UK and beyond is rapidly growing and ready for full commercialisation. During the show, the Space DOTS CEO and UKTN Podcast host Jane Wakefield discuss what it’s like to be a woman in ... Read more ›
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When the UK’s AI Safety Summit was first announced as part of the government’s bid to be a global leader in artificial intelligence regulation, it was said it would bring together “key countries, leading tech companies, and [leading] researchers” in the field. In the following weeks and months, there was little transparency as to who ... Read more ›
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The venture capital arm of oil and gas firm BP intends to invest more than 90% of its spending over the next four years in green tech startups. BP Ventures, which has invested over $1bn to date, plans to deploy the majority of its funds across the company’s “transition growth engines” that include EVs, bioenergy, ... Read more ›
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Eight new regional innovation clusters will receive a share of £75m in government funding in areas such as health science, bio-based manufacturing and food tech. Financing for the regional clusters comes after the conclusion of two pilot programmes for a Net Zero Launchpad in Tees Valley and a manufacturing-focused initiative in the Liverpool City Region. ... Read more ›
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In less than two weeks tech executives, foreign diplomats and academics will descend on Bletchley Park for the UK’s AI Safety Summit. The final list of attendees has not been published, but it is set to be a small-scale affair. Topics will include the potential use of AI in election disruption, the erosion of social ... Read more ›
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Canadian automaker ElectraMeccanica has pulled the plug on its merger with UK-based electric and hydrogen truck firm Tevva. Tevva in a statement published on Monday said ElectraMeccanica cited the reason for cancelling the deal as “incurable breaches”. Last month, ElectraMeccanica said it torpedoed the deal following “failures by Tevva” to share “material information”. In a ... Read more ›
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A government-backed telecommunications lab will open in the West Midlands next year to test the security, resilience and performance of mobile networks. The UK Telecoms Lab (UKTL) will be based at UK Central in the Metropolitan Borough of Solihull, a large market town located south-east of Birmingham. The research facility is set to create up ... Read more ›
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London-based fintech ClearScore has appointed Brian Cole as the company’s CFO. Cole will join ClearScore, known for its credit score and spending analysis services, as group CFO effective immediately. Cole previously served as the CFO of US bank Capital One and has held executive positions at Barclays and Visa. “[Cole] has a strong track record ... Read more ›
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An insurtech company used by Deliveroo to provide coverage for bikes and e-bikes has secured £3.4m in funding. Bikmo, a Chester-based company, said it would use the fresh capital for European expansion. Bikmo currently insurers over 75,000 riders in the UK, Ireland, Germany and Austria. Founded in 2014, Bikmo works with commercial brands such as ... Read more ›
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Slinger, a staffing platform for the hospitality industry, has raised £500,000 in a round led by Fuel Ventures. Founded in 2021, Slinger has built a platform for hospitality workers to find flexible shifts and compare the best prices. Slinger matches workers with cafés, pubs and other venues for speedy recruitment. The hospitality sector has faced ... Read more ›
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Oxford Nanopore Technologies has received a £70m investment from French diagnostics firm BioMérieux. The biotech, based in Marcy-l’Étoile near Lyon, has taken a 3.5% stake in the London-listed DNA sequencing company. Shares in Oxford Nanopore, which sells portable DNA and RNA sequencers, rose 14.3% last night following the equity investment. Oxford Nanopore listed in London ... Read more ›
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Melissa Snover is the founder and CEO of Rem3dy Health, which creates bespoke nutrient gummies and personalised medicine under the brands Nourished and Scripted. Birmingham-based Nourished has been backed by more than £15m in funding and sells its tailor-made gummies via online subscription. Customers complete an online questionnaire about their lifestyle and goals, and then ... Read more ›
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24.06.2026 15:19
Last update: 15:10 EDT.
News rating updated: 22:12.
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