The West Midlands is the top region for foreign direct investment outside of London, government data has shown. Throughout 2022-2023, a total of 181 projects received overseas capital in the West Midlands out of 1,654 across the whole UK. In the same period, 8,252 jobs were generated as a result of foreign direct investment despite ... Read more ›
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Scriptic, a startup developing interactive mobile entertainment and creative applications for generative AI, has added $5.7m (£4.5m) to its seed round. Formally known as ElectricNoir, Scriptic is a London-based startup that produces what it describes as “phone-first” shows, which are dramas designed to be viewed on mobile devices with interactive elements. Scriptic is looking to ... Read more ›
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UK semiconductor leaders have welcomed the government’s recently announced strategy but have called for more support. The Semiconductor Leadership Group, an industry body established to support UK chip firms, has published a paper this week urging the government to work more closely with the industry to better define sector-specific policies. The government unveiled its semiconductor ... Read more ›
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UK pension funds have criticised proposals to loosen listing requirements for the London Stock Exchange made by the financial regulator, warning they would undermine investor protections. The Financial Conduct Authority (FCA) last month proposed reform plans to boost the appeal of the London IPO market to address its recent poor performance. The FCA proposed making ... Read more ›
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Earlier this year, the government published its long-awaited Digital Markets, Competition and Consumers Bill. As well as seeking to boost digital competition, the bill also makes a range of interventions in the consumer space, including tackling fake reviews. The importance of reviews is clear – consumers want to make more informed and confident decisions, a ... Read more ›
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OpenAI, the US firm known for ChatGPT and DALL-E, has picked London as the destination for its first international office, in a major boost to the UK’s AI sector. Founded in 2015 by a group of tech entrepreneurs including Sam Altman and Elon Musk, OpenAI has become one of the most prominent companies in the ... Read more ›
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Early-stage tech investor Fuel Ventures has announced a £100m fund to back seed and pre-seed rounds in the UK. The VC firm, which has backed 140 startups including Peckwater Brands, Lunio and Volt, is aiming to use the new fund to double its total UK tech investment over the next 12 months. Fuel Ventures’ latest ... Read more ›
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RoboK, a University of Cambridge spinout using AI to analyse security footage for incidents in real-time, has secured $2.1m (£1.7m) in grant and equity funding, the company told UKTN exclusively. The idea behind RoboK is to create a “third-person view” of incidents captured on CCTV, said the company’s CEO and co-founder Hao Zheng. Autonomously identifying ... Read more ›
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After nearly 11 years running Caledonia Private Capital, Duncan Johnson wanted to do something that would leave a “legacy”. In 2021, he took the reins at Northern Gritstone, an investment company focusing on spinouts in the North of England. “I wanted my children to be proud of me,” Johnson tells UKTN. “Just making rich people ... Read more ›
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London-based smartphone maker Nothing has bagged $96m (£75.9m) in fresh capital from the likes of music group Swedish House Mafia and the investment arm of Google. Launched in 2020 by OnePlus co-founder Carl Pei, the company has gone on to release earbuds and a smartphone, which has gone on to sell more than 1.5 million ... Read more ›
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Unaric, a company buying and merging Salesforce software companies, has raised $35m (£27.5m) in a debt and equity funding round to fund an acquisition spree. Salesforce is a US software giant that has built a platform for services such as customer relationship management software, marketing automation, e-commerce, analytics, and application development. Based in London, Unaric’s ... Read more ›
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Unaric, a company buying and merging Salesforce software companies, has raised $35m (£27.5m) in a debt and equity funding round to fund an acquisition spree. Salesforce is a US software giant that has built a platform for services such as customer relationship management software, marketing automation, e-commerce, analytics, and application development. Based in London, Unaric’s ... Read more ›
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UK property developer Pioneer Group has announced it will construct 72,800 square feet of lab space, which will be available to tech firms in Glasgow. The new lab development, to be built at Pioneer’s BioCity Glasgow campus, has received planning permission. It will be available to startups, scaleups and major life science companies in the ... Read more ›
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The safeguards included in the UK government’s AI white paper are “inadequate”, according to the Equality and Human Rights Commission (EHRC). The non-departmental government body said that current proposals to regulate AI “fall short of what’s needed to tackle the risks to human rights”. The remarks will come as a blow to Prime Minister Rishi ... Read more ›
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Fintech startup ZIPZERO has relocated its head office from London to Aberdeen as part of a plan to find the “most fertile land for UK tech”. ZIPZERO, which raised £1m in seed funding earlier this year, is a money-saving app that offers cash rewards to users – paid for by advertisers – that customers can ... Read more ›
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As someone heavily involved in the northern tech sector, running the Leeds Digital Festival as well as my own consultancy working with startups and scaleups, I’m always on the lookout for anything that promotes tech outside of London. There is often a default, sometimes pushed by those who should know better, that “the UK’s world-beating ... Read more ›
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The government should introduce new legislation to reform laws for cryptoassets, according to a state-backed legal analysis. The Law Commission, which was tasked with conducting an analysis of how UK law could accommodate digital assets, has recommended reforms that include establishing a legal basis for a new and distinct category of personal property compatible with ... Read more ›
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A British startup developing a handheld blood test device to rapidly diagnose strokes has secured £1.6m in seed funding. Upfront Diagnostics is developing a device that it says can identify biomarkers that indicate a patient is having a large vessel occlusion (LVO) stroke in less than 15 minutes, just from taking a small blood sample. ... Read more ›
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Unaric, a company buying and merging Salesforce software companies, has raised $35m (£27.5m) in a debt and equity funding round to fund an acquisition spree. Salesforce is a US software giant that has built a platform for services such as customer relationship management software, marketing automation, e-commerce, analytics, and application development. Based in London, Unaric’s ... Read more ›
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Algorithmiq, a startup using quantum algorithms to help drug discovery for pharmaceutical companies, has raised $15m (£11.8m) in Series A funding. Capital came from lead investor Inventure VC, along with Tesi, Presidio Ventures, London’s Thames Trust and previous backers. The company is aiming to speed up the drug development cycle by applying its quantum algorithms ... Read more ›
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14.06.2026 03:45
Last update: 03:35 EDT.
News rating updated: 10:41.
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