Belfast-based electric vehicle (EV) company Weev will launch a major charging point rollout, backed by £50m with support from Octopus Investments. Weev is looking to address what it sees as a critical shortage of EV facilities in Northern Ireland, which according to the Department for Transport has a much lower supply of charge points – ... Read more ›
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Following mounting pressure from the UK tech and manufacturing industries, the government finally released its long-awaited national semiconductor strategy in May, dedicating £1bn to safeguarding chip supply chains and driving growth in the sector. The new strategy provides much-needed clarity at a time when the semiconductor industry is still recovering from major supply chain disruption ... Read more ›
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Manchester is the largest city region economy outside London. Its vibrant tech sector plays an important role in that growth, which is in turn underpinned by robust digital infrastructure. Greater Manchester is a £5bn digital powerhouse with sub-sector strengths in cybersecurity, AI, ecommerce, fintech, gaming and creative. It has proven fertile ground for the more ... Read more ›
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Startup-focused lender Silicon Valley Bank UK (SVB UK) is planning to rebrand next month after it was acquired by HSBC in a £1 rescue deal. The UK subsidiary of the California bank will change its name to “HSBC Innovation Banking” and is expected to be unveiled at London Tech Week in June, Sky News reported ... Read more ›
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London-based Qflow, a startup looking to clean up one of the world’s most carbon-intensive industries, has closed £7.2m in funding to scale its operations. Founded in 2018, Qflow has built a digital platform for use in the construction industry that collects data on materials and waste in real-time. According to the company, construction teams can ... Read more ›
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Venture capital firm Talis Capital has closed $100m (£80.9m) out of a target of $175m (£141.7m) for its third and largest fund. The investor will carry on backing tech infrastructure, climate, synthetic biology and consumer internet businesses at the seed to Series A stage. “The tech industry is undergoing a moment of transformation, yet history’s ... Read more ›
12
Carbon removal platform CUR8 has captured investment from Google Ventures in its £5.3m pre-seed funding round. The climate tech startup works with companies removing carbon via methods such as direct air capture, biomass storage, soil rewilding, enhanced rock weathering and accelerating carbon cycles in oceans. CUR8 then sells carbon credits on its platform in the ... Read more ›
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This month, London & Partners, backed by the Mayor of London, launched ‘Grow London’ – a new business offer to support London and international companies to expand their businesses and support London’s economic growth. One of the new initiatives is Grow London Global – a free 12-month programme for London’s high-growth tech companies wanting to ... Read more ›
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In the latest episode of the UKTN Podcast, Antony Walker, deputy CEO of techUK, discusses some of the key policy areas affecting the country’s tech companies, from AI to the online safety bill. He also reflects on how the economic shocks of Brexit and the pandemic have impacted UK tech, and the role the UK ... Read more ›
0
Is London, and the UK more broadly, becoming less attractive for technology businesses? Judging by recent comments from the founders of Revolut and Monzo, or executives at Microsoft and Activison, you’d be forgiven for thinking the UK is losing its standing as a global tech hub. Regulatory roadblocks, a lack of liquidity, and the UK’s ... Read more ›
0
Artificial intelligence (AI) has exploded into the mainstream thanks to tools like ChatGPT. The economic and geopolitical stakes are high as countries compete in a fresh race to advance their AI industries. Can the UK be a world leader in AI, as the government intends? While the UK has a history of trailblazing tech innovation, ... Read more ›
0
It’s hard to escape ChatGPT’s prevalence in the AI computing world. While much has been written about its capabilities, there has been much less insight into its technical makeup and whether the UK has the technological means to exploit the new technology and support the expected growth requirements. To aid this growth, the UK government’s ... Read more ›
0
Biotech company Benevolent AI is cutting half of its workforce in a cost-reduction strategy that will affect 180 staff. The AI drug discovery firm, run by a former advisor to David Cameron, Baroness Shields, is looking to save around £45m with the strategic shift, which includes layoffs as well as scaling back its lab facilities. ... Read more ›
1
Australia-headquartered design software company Canva is opening its first London office, a vote of confidence in the capital at a time when the founders of Revolut and Monzo have questioned the attractiveness of the UK for businesses. Canva’s UK expansion, its first base in Europe, comes after the software firm acquired London-based data visualisation platform ... Read more ›
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Barclays has invested £3m into the London-based fintech platform Trade Ledger in an equity deal that will also see the bank integrate the company’s tech. Founded in 2016, Trade Ledger’s software slots into lenders’ existing technology to provide oversight of loan products, analysing data to provide information such as credit risk. Barclays is looking to ... Read more ›
1
Chancellor Jeremy Hunt has announced a £650m funding package for the UK’s life sciences ecosystem. The life science funding will see £250m allocated to encourage investment in science and tech businesses from pension schemes. Another focus of the fund is using £154m to expand the UK’s biological data bank and £121m to speed up clinical ... Read more ›
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James Draper is the CEO and founder of Bidstack, an in-game advertising technology company. Draper founded Bidstack in 2015. The company layers company logos and products natively into games to drive extra revenue for gaming companies. The London-headquartered company has worked with brands including Marriott Bonvoy, Paco Rabanne, and Doritos, along with game publishers including ... Read more ›
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Venture capital firm Antler has invested more than £1.4m across 11 early-stage tech startups. Almost half the investments, shared exclusively with UKTN, are deeptech companies operating in the enterprise software space. Seven of the investments are at the pre-seed stage, while four are seed investments. Jed Rose, partner at Antler, said: “Working alongside hundreds of ... Read more ›
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Prime Minister Rishi Sunak has met with leaders from OpenAI, Google DeepMind and Anthropic to discuss AI regulation. Sunak met yesterday with the AI executives, which included OpenAI’s Sam Altman. Sunak said that AI was the “defining technology of our time with the potential to positively transform humanity”. The prime minister, who has previously outlined ... Read more ›
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Last week, the Department for Science, Innovation and Technology (DSIT) marked 100 days since its launch in February. The government created DSIT to “drive innovation” and focus solely on supporting the UK’s science and tech sectors. But what has it achieved so far, and where do UK tech stakeholders think it can do more? The ... Read more ›
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14.06.2026 10:26
Last update: 10:15 EDT.
News rating updated: 17:22.
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