The Business Committee has launched an inquiry into the UK’s electric vehicle (EV) battery production capabilities in the wake of Britishvolt filing for administration yesterday. The inquiry will look at the supply of batteries for UK-produced electric vehicles and the feasibility of producing a sufficient supply of batteries in the UK. “The future of car ... Read more ›
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Cera Care Limited, a digital health startup in London, has unveiled an ambitious new recruitment programme, with the goal of creating 10,000 jobs for frontline staff over 2023. Cera is a digital platform that provides healthcare services to patients at home, including digital prescription ordering and booking at-home appointments from Cera nurses. Looking to address ... Read more ›
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British fintech company Wise has upgraded its revenue growth projection for the coming financial year after a boost from the UK interest rate hike. Wise has increased its forecast for revenue growth from 55%-60% to 68%-72% in its recently revealed full-year results. The London-based fintech cited the historic rise of the interest rate as a ... Read more ›
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Kuai Commerce, a startup looking to enable Western ecommerce brands to sell their goods in China, has closed a pre-seed funding round of $2.4m (£1.9m). For many ecommerce brands in the UK, the lucrative move of expanding their services to China comes with complex hurdles due to cultural and regulatory differences. This was the inspiration ... Read more ›
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Britain has plenty of well-known and established tech hubs. London and Cambridge have world-class reputations for finance, artificial intelligence and cybersecurity. But there are many other vibrant tech hubs across the UK, and one that should be on every job hunter’s radar in 2023 is Newcastle. Newcastle upon Tyne, located in the North East of ... Read more ›
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The Chinese buyout of Cambridge-based semiconductor startup Flusso “doesn’t pass the smell test”, the chair of the Foreign Affairs Committee has said, while questioning why the takeover was cleared by former Business Secretary Kwasi Kwarteng. Speaking to UKTN, Conservative MP Alicia Kearns said she was concerned that the £28m deal will see semiconductor technology developed ... Read more ›
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Battery startup Britishvolt has appointed administrators to handle its insolvency after it failed to find a buyer or secure additional funding. The insolvency is a big blow to the UK’s electric vehicle battery manufacturing industry and brings an end to months of uncertainty over the startup’s future. The majority of Britishvolt staff – around 300 ... Read more ›
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An amendment to the Online Safety Bill will see tech executives face up to two years in jail if the social media platforms they run repeatedly fail to protect children from harm. Prime Minister Rishi Sunak bowed to pressure from a group of 50 Conservative MPs to make media bosses criminally liable for repeated breaches ... Read more ›
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Anti-money laundering software company Thirdfort has revamped its c-suite team with the appointment of a new chief financial officer, chief revenue officer and combined chief technology and product officer. Shared first with UKTN, Thirdfort has hired Anna Keren as CPTO, Neil Mullane as CRO and Pete Donell as CFO. “I’m looking forward to helping drive ... Read more ›
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Bath-based biotech spinout EnsiliTech has raised £1.2m in pre-seed funding for its “fridgeless” technology that keeps vaccines at the right temperature during transportation. Vaccines typically have to be kept refrigerated. However, EnsiliTech’s “ensilication” technology uses silica to form protection around the active ingredients of a vaccine, which can be broken when needed. This protective layer ... Read more ›
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Science lead generation software firm SciLeads is doubling its headcount to 100 over the next two years as part of an expansion into the Asian markets. The Belfast-based company also plans to launch new products. It gives marketing and sales teams access to scientific researchers, detailing their funding status and research interests. Daniel McRitchie, CEO ... Read more ›
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Arctic Shores, a provider of skills assessment tests to recruiting firms, has secured a Series B investment of £5.75m as it looks to accelerate the development of its “psychometric” product. Founded in Manchester in 2014, Arctic Shores was born out of the idea that modern recruitment methods are unable to accurately filter candidates with appropriate ... Read more ›
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Glasgow-headquartered Gigged.AI has bagged £1.6m in seed funding, led by Par Equity, for its artificial intelligence-powered recruitment software. Its software matches people equipped with relevant technology skills to suitable hiring companies. It also provides an overview of a business’s current talent capabilities to prevent unnecessary hires where possible. “The ‘Great Resignation’ has seen millions of ... Read more ›
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Fintech company Amigo is having difficulties raising funds from investors to fuel its return to the lending industry this year. In a company statement issued on Monday, Amigo said it was yet to find an investor to provide the necessary funds to continue operations, following the end of its multi-year ban from lending by the ... Read more ›
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Sheffield-based British Patient Capital has invested $48.6m (£39.8m) into SV Health Investors’ Biotech Crossover Opportunities Fund. The SV Health Investors Fund will invest in growth-stage biotech firms that are working on therapies. SV Health Investors was launched by Dame Kate Bingham, who led the government’s Covid taskforce. “We are pleased to announce our next investment ... Read more ›
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UK fintech company Zilch has said that using its buy now pay later (BNPL) product will affect customer credit scores, in a move that pre-empts stricter government regulation of the sector. As revealed by The Telegraph, the BNPL provider – a purchase method that splits repayments into instalments – will report customer transactions to credit ... Read more ›
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I spent four years working as a doctor in the NHS, a career that was rewarding, challenging and inspiring in equal measure. But the more time I spent on hospital floors, the more passionate I became about finding solutions to the problems draining time and resources from the health system. Eventually, I decided to put ... Read more ›
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The government is planning to significantly scale back its investment zone project, a plan introduced by the Liz Truss administration, according to reports. After receiving hundreds of bids from local councils, ministers are reportedly looking to call off the original plan, which would have seen lower taxes and reduced regulation for businesses in certain regions ... Read more ›
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Investor Foresight Group has closed over £60m from British Business Investments and the Strathclyde Pension Fund for its fund for Scottish SMEs. Businesses will receive £1m-£5m debt or equity investments from the group’s second Scotland SME fund. Foresight Group will also increase the headcount of its Scottish team. Matt Smith, partner, Foresight Group, said: “The ... Read more ›
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Health tech startup PneumoWave has secured a £7.5m Series A investment for its wearable biosensor and to move into a bigger facility. Glasgow-based PneumoWave is developing a wearable device for “high-risk patient groups”. The wearable monitors the lungs to provide remote diagnostics for carers and medical services. Dr Bruce Henderson, co-founder and CEO of PneumoWave, ... Read more ›
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29.06.2026 10:21
Last update: 10:15 EDT.
News rating updated: 17:11.
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