Jaguar Land Rover is committing £15bn across the next five years to invest in autonomous driving, AI and vehicle electrification. Aside from autonomous driving, Jaguar Land Rover’s spending includes transitioning its Halewood plant in Merseyside to producing all-electric vehicles. The plant will house production for an electric Range Rover launching in 2025. “Today I am ... Read more ›
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London-based delivery tech startup Evermile has raised $6m (£4.8m) in seed funding to grow its platform that automates the distribution of products from businesses. Evermile was founded to simplify the process of companies shipping products to customers. According to the company, the challenge of managing external vendors, such as DPD and Royal Mail, can be ... Read more ›
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Barclays Eagle Labs has launched its first startup growth programmes after securing the government’s Digitial Growth Grant. The Ecosystem Partnership Programme will provide funding to other initiatives beyond London, such as regional industry events, accelerator mentorship and local tech company support. “We want to give UK tech businesses the best start so their innovation can ... Read more ›
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Airbnb’s ‘acquisition’ of Letting Cloud was entirely fabricated by the Scottish proptech company’s CEO and founder, a UKTN investigation can reveal, which also uncovered a pattern of false claims from the self-styled “award-winning tech entrepreneur”. Last week Grant MacCusker, CEO of Letting Cloud, claimed the Edinburgh-based company he founded in 2019 had been acquired for ... Read more ›
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Stockholm-headquartered Einride’s electric trucks have hit UK roads for the first time following a deal with PepsiCo subsidiary Walkers. The electric company has two variants of its electric trucks, one that is autonomous and another driven by a human in locations that require human assistance due to local regulations. Robert Falck, founder and CEO, Einride, ... Read more ›
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Just Eat Takeaway has raised its profit outlook for the year and announced a €150m (£132m) share buyback programme, despite a drop in orders. The London-listed food delivery company said operational improvements meant it was expecting greater adjusted earnings this year, with the current forecast at €275m (£242m), an increase from the previously predicted €225m. ... Read more ›
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UK-based payment provider Lanistar is preparing to relaunch in its home country after a two-year hiatus stemming from a clash with regulators. The fintech, which first launched in 2020 backed with £2m in seed funding, has been focussing its efforts on the Latin American payments market, which the company claims to have been successful in ... Read more ›
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Innovate UK has awarded the Cambridge biotech firm Maxion Therapeutics a £2m grant from its Biomedical Catalyst fund. The firm, founded in 2020, is working on antibodies for autoimmune diseases and chronic pain “with high unmet clinical need” by targeting the related cell surface proteins. Dr John McCafferty, CEO and co-founder of Maxion Therapeutics, said: ... Read more ›
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The Department for Science, Innovation and Technology (DSIT) has accepted the first placements of its expert exchange scheme in a bid to drive the government’s “tech superpower” goals. DSIT has launched the exchange as an overhaul of the way secondees are brought into the government. The department is keen for experts in deep tech fields ... Read more ›
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SME finance provider Triver has raised £7m in a seed funding round led by Deliveroo and Zoopla backer Stride. Triver provides businesses with short-term working capital. The company claims its service is faster and easier than high street banks. Users of the automated platform can access funds equivalent to as much as 20% of their ... Read more ›
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A Labour government would seek to “unlock the full potential of fintech”, according to the shadow economic secretary to the treasury. At the Innovate Finance Global Summit 2023, Labour MP Tulip Siddiq said her party would look to drive larger investments into the fintech sector if elected. Siddiq said she would be committed to addressing ... Read more ›
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The current buy now pay later (BNPL) regulatory plan includes some unfair exemptions, according to an executive from Jack Dorsey’s payments company Block. Speaking at the 2023 Innovate Finance Global Summit, Michael Saadat, head of international public policy at Block, said that the Treasury’s current plan unreasonably distinguishes BNPL products from specialist firms and major ... Read more ›
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Venture capital firm Foresight Group’s North East fund has received a £20m commitment from British Business Investments to invest in SMEs. The Foresight Group North East fund issues debt and equity investments up to £5m to SMEs across any industry. “We recognise the big impact smaller companies can make to their local areas and will ... Read more ›
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Venture capital firm BGF is investing £9m into the Salford, Manchester-based communication software firm Voicescape. Voicescape develops communications software for workers at social housing providers and local authorities. The SaaS firm’s software includes an artificial intelligence caseload manager, which monitors a tenant’s behaviour and risk to then automate the rent arrears management process. “Voicescape’s solutions ... Read more ›
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The founder of Coinbase has suggested the US crypto exchange is open to moving the company to the UK because of a more favourable regulatory environment. In a conversation with former chancellor George Osborne at today’s Innovate Finance Global Summit, Coinbase founder Brian Armstrong said that the regulatory structure in the UK made it potentially ... Read more ›
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A group of executives from messaging apps including WhatsApp and Signal have raised concerns that the government’s upcoming Online Safety Bill “has no explicit protection for encryption”. In an open letter, the messaging platforms said there are fears the Online Safety Bill as it stands could let the government remove encryption and read private messages. ... Read more ›
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British multinational insurance company Aviva is pumping a further £15om in funding into its technology venture capital firm division. Aviva Ventures invests across customer wellbeing, mobility, sustainability and “opportunities created by new technology”, such as AI. Ben Luckett, chief innovation officer at Aviva, said: “The £150m commitment to Aviva Ventures will be used to make ... Read more ›
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ART Health Solutions has scooped £1m in funding from the North East Venture Fund for its employee wellbeing app. The One Wellbeing app uses techniques such as cognitive performance tests, working conditions, smartphone data and fitness tracker data to analyse the health of employees. “Ultimately the extra capital will support the business in scaling our ... Read more ›
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Late last year, startup event Slush awarded a €1m prize to tech talent relocation platform Immigram. Amid a flurry of criticism over the decision to give the top prize to a London-headquartered company founded by two Russian passport holders, Slush swiftly revoked the award. Now, for the first time, Immigram CEO and co-founder Anastasia Mirolyubova ... Read more ›
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The British Property Federation, a membership group for property ownership and investment-related companies, is merging with the UK PropTech Association. The two organisations expect to finalise the consolidation in June. It follows the UK PropTech Association holding discussions with its members, which includes a mixture of proptech investors, companies and professional service firms. Melanie Leech, ... Read more ›
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27.06.2026 10:13
Last update: 10:06 EDT.
News rating updated: 17:07.
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