What a difference a year makes. After reaching a peak of over $200bn in the opening three months of last year, global venture capital (VC) funding fell in each subsequent quarter, according to our latest Venture Pulse report. From January to March this year, total VC investment globally was well under $60bn. With the level ... Read more âș
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Rocket launch company Orbex has begun construction of the first vertical spaceport on UK mainland soil in Sutherland, Scotland. Once complete, Orbex aims to launch up to 12 commercial rockets from the site, carrying payloads of small satellites. The Scottish space site is predicted to produce 250 jobs and is aiming to be carbon neutral. ... Read more âș
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Whether youâre a first-time founder or a seasoned veteran, term sheets are an important stage of securing venture capital (VC) investment. They summarise the key terms of investment and provide a crucial blueprint for a founder and investor relationship. A term sheet can be as simple as a one-pager to 10+ pages. The primary aim ... Read more âș
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The UKâs competition watchdog is launching a review of foundation AI models, the technology behind advanced tools like ChatGPT, to gain a better understanding of the marketâs opportunities and risks. The Competition and Markets Authority (CMA) preliminary investigation will look at potential applications of foundation AI models, consumer protections and look to create âguiding principlesâ. ... Read more âș
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Early-stage venture capital firm Par Equity has led a ÂŁ2.5m investment into the Lancaster-based startup Fuuse for its EV charging management software. Founded in 2021, Fuuseâs software allows operators to manage their EV charging infrastructure by controlling access, use times and setting tariffs. Michael Gibson, CEO of Fuuse, said: âFuuse is rapidly growing its market-leading ... Read more âș
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British Business Investments is providing Praetura Groupâs Kingsway Finance with a ÂŁ10m block discounting funding facility. The finance provider will use British Business Investmentâs capital to offer more loans to UK SMEs. It issues SMEs with loans from ÂŁ5,000 up to ÂŁ25m. Peadar OâReilly, CEO of Praetura Groupâs lending division, said: âSMEs need funding on the ... Read more âș
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The UKâs financial regulator has announced changes to equity secondary markets aimed at encouraging more activity in Londonâs public markets. The Financial Conduct Authority (FCA) said it will lower trading costs, make equity secondary markets more transparent, and allow UK trading venues to reference company prices from overseas markets. Primary markets are when securities in ... Read more âș
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Challenger business lender Allica Bank said it achieved monthly profitability in June last year and reached a pre-tax profit for the second half of the year of ÂŁ3m. Its full-year pre-tax loss stands at ÂŁ1.6m, a significant reduction from the ÂŁ25m loss the year prior. Richard Davies, CEO of Allica Bank, said: âAllica has entered ... Read more âș
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Electronics designer Dyson is building a new ÂŁ100m Technology Centre in Bristol, as well as building new facilities in the Philippines and a battery plant in Singapore. Dysonâs Bristol base will have âhundredsâ of software and AI engineers creating Dysonâs next decade of products, the company said, along with commercial and ecommerce teams. The companyâs ... Read more âș
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Manchester-based startup CultureAI has landed ÂŁ7m in seed investment for its human risk management software. Founded in 2018, the startup is used by IT workers and cybersecurity professionals to analyse behavioural data and spot risky actions that could jeopardise their companyâs cyber defences. It tracks when employees make security-compromising actions, such as repeating passwords, keeping ... Read more âș
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The Financial Conduct Authority (FCA) is looking to âsimplifyâ the UKâs IPO rules in a bid to encourage more London tech listings. The new proposals would scrap the option for a standard or premium listing and replace it with just one process for commercial company equity shares. It comes just days after Cambridge chip firm ... Read more âș
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Edinburgh-based startup Gravitricity has secured nearly ÂŁ829,000 from a crowdfunding raise for its underground energy storage technology. The startup exceeded its initial goal of ÂŁ550,000, with 1,085 investors participating in the Crowdcube raise. Gravitricity will spend the crowdfunding investment on hiring, developing its hydrogen storage, and supporting its energy storage projects in the UK, Germany, ... Read more âș
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Energy startup SMPnet has raised $1.4m (ÂŁ1.1m) in funding from investors that includes the CEO of multinational energy company SSE. London and Glasgow-based SMPnet is developing software to control power grids using AI. Its software is used by providers offering energy services, utilities, and microgrid services. Anastasios Rousis, CEO and co-founder of SMPnet, said: âWe ... Read more âș
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British graphene electronics company Paragraf has acquired US-based biocompatible chip firm Cardea Bio. Acquiring Cardea Bio will allow Paragraf to create a âpipeline of biosensing products aimed at solving major global challengesâ, said Paragraf CEO and co-founder Simon Thomas. He added:Â âThese products will strengthen surveillance of the quality and integrity of our food production processes, ... Read more âș
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Cambridge-headquartered semiconductor designer Arm has filed with regulators for an initial public offering (IPO) in the US. Arm parent company SoftBank said on Saturday that it has âconfidentially submitted a draft registration statement on Form F-1 to the US Securities and Exchange Commission relating to the proposed initial public offering of American depositary shares representing ... Read more âș
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Prime Minister Rishi Sunak began last week telling a room full of nearly 250 business and tech leaders that he is âunashamedly pro-businessâ. Speaking at the inaugural Business Connect summit, Sunakâs driving message was that his government is here to listen to the concerns of businesses. It was a chance for the prime minister to ... Read more âș
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The US Supreme Courtâs decision to reject the bid for AI to be inventors on patents could have a ripple effect on UK productivity if the government fails to act. In Washington DC last week, the US Supreme Court threw out computer scientist Stephen Thalerâs latest bid for AI to be recognised as the legal ... Read more âș
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When Kim Callender asked women to share their experiences of travelling alone, she was stunned by the response. Speaking to more than 100 women, two things became clear to her: there is a huge market for women who want to travel solo, and there is a disturbing reality that it is often unsafe for them to ... Read more âș
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Equity crowdfunding platform Crowdcube is taking legal action against Student Rents to recover investorsâ money after a UKTN investigation revealed the Scottish proptech startup fabricated details in a pitch deck. Crowdcube said it is âin the process of fully refundingâ the 170 investors who participated in the funding round. The crowdfunding platform added it has ... Read more âș
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Wikimedia UK, part of the organisation responsible for Wikipedia, has expressed âdeep concernsâ over the impending Online Safety Bill. The organisationâs concern lies with amendment nine of the bill, which would require any additions or changes to the content on its website would require authorisation from a barrister. In a statement obtained by UKTN, Wikimedia UK ... Read more âș
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28.06.2026 10:29
Last update: 10:20 EDT.
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