Last month, Meta and Twitter, two of the tech sector’s largest players, announced they were making large-scale redundancies. While significant, this is unfortunately not surprising – the UK economy is expected to be in recession until the middle of 2023 and the tech sector in particular appears to be struggling to sustain the growth it ... Read more ›
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In 2021, UK tech public listings raised a record £6.6bn, more than double that of 2020. Big-name British tech companies including Deliveroo, Wise, and Darktrace painted an optimistic picture for the future of tech initial public offerings (IPOs) on the London Stock Exchange. One year on, amid a global economic downturn and looming recession, the ... Read more ›
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Manchester-based fintech platform Nivo Solutions has received a £1m investment from the Northern Powerhouse Investment Fund by Maven. Fintech firms can use Nivo to manage tasks, e-signing, identity document scanning, facial recognition, document collection, open banking and task automation. “We look forward to working with [Maven and Barclays], and to continue to build a leading ... Read more ›
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Every company is feeling a degree of discomfort at the moment, particularly those in their early stages. A dip in tech valuations, mass lay-offs, the cost-of-living crisis and political uncertainty have all led to a pretty unfriendly economic environment for founders growing a business. Despite these challenging times, it’s important that founders don’t make knee-jerk ... Read more ›
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DevOps is the combination of development and operations in IT teams. It’s a set of practices aimed at shortening the development life cycle and a job role that straddles departments. It aims to create efficiencies while providing continuous delivery with high software quality. As a result, DevOps has become a key job field, with many businesses ... Read more ›
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The government has pledged £4.5bn in taxpayer money to finance the takeover of Bulb by its rival energy firm Octopus. Bulb, which collapsed in 2021 after years of running at a financial loss, spent its last year in a government-run administration. Energy tech startup Octopus agreed to take over the more than one million Bulb ... Read more ›
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A group of the UK’s fintechs have signed a joint letter to the Financial Conduct Authority (FCA) calling for greater clarity on how open banking will be regulated from 2023 onwards. Addressed to Sheldon Mills, executive director of the FCA, the letter’s signatories included Monzo, Wise, Plum, and Moneyhub, which earlier this week secured £15m ... Read more ›
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Five UK businesses, which are developing renewable aircraft fuel, will receive a share of £165m in government funding. Airlines UK, LanzaTech, alfanar Global Development, Velocys and Fulcrum BioEnergy are to receive investment from the Advanced Fuels Fund. Jeff Ovens, managing director, Fulcrum BioEnergy said: “This funding will help Fulcrum build on the technical knowledge and experience ... Read more ›
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Digital estate agent Purplebricks is to lay off around 10% of its approximately 800 staff, with the consultation expected to finish on Friday. First reported by The Times, Purplebricks’ layoffs come after it published its interim results earlier this month, with the company looking to become profitable. UKTN has reached out to Purplebricks for comment. ... Read more ›
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Bristol-based fintech Moneyhub has extended its latest funding round to £55m with a further investment of £15m. Founded in 2014, Moneyhub is an open banking-powered app for the management of finances. The app allows users to view all their finances across multiple bank accounts, credit cards, and other sources in a single location. The app ... Read more ›
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Virgin Orbit has been granted a licence that allows it to launch satellites from Spaceport Cornwall. The licence was given by the UK Civil Aviation Authority, following permission from the transport secretary Mark Harper. “Receiving Virgin Orbit’s range and launch licences takes us one step closer to the first satellite launch take-off from UK soil,” ... Read more ›
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Atom Bank has announced that after a successful trial period, the fintech will go ahead with a permanent four-day workweek for 2023. In August, the challenger bank published figures updating the public on the four-day week trial, posting a number of positive statistics. “Moving to a four-day week has not been without its difficulties, however, ... Read more ›
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UKTN is pleased to announce that it is an official media partner of Wales Tech Week, the go-to tech event showcasing and championing Welsh tech innovation. The summit will provide an opportunity for tech industry stakeholders from across the world to network with investors, entrepreneurs and international industry leaders. The event will take place at ... Read more ›
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New data has found that UK tech businesses have raised £24bn in 2022, the most of any county in Europe. Research from Dealroom on behalf of the UK’s Digital Economy Council, part of the DCMS, showed that the country was shadowed by France (£11.8bn) and Germany (£9.1bn). “From using AI to tackle healthcare inequality to ... Read more ›
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Banking services provider LHV UK will start offering loans starting at £500,000 to small and medium enterprises (SMEs) after being accepted on the Financial Conduct Authority’s (FCA) money laundering registry. It means LHV UK can now provide businesses with loans that are supported by commercial real-estate and comes at a time when many businesses are ... Read more ›
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Jo Johnson, brother of former Prime Minister Boris Johnson, has resigned as an advisor to the crypto exchange company Binance. First reported by The Telegraph, the crypto firm said on Monday that Johnson had left his position on the UK advisory board for Bifinity, a payments technology subsidiary of Binance that was launched in March. ... Read more ›
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Rest Less, a London-based startup looking to provide online services to users from the age of 50 and up, has secured £5.6m in funding. Founded in 2018, Rest Less began life as a digital platform to connect people over 50 with career opportunities that are not age restrictive. The platform has since grown into a ... Read more ›
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London-based startup Carter has secured £1.7m in pre-seed capital to bring conversational artificial intelligence (AI) to background video game characters. Carter is targeting developers, who can use the startup’s API to build non-playable characters (NPCs) for their games. The company claims its AI can generate more realistic interactions between the human player and virtual characters. ... Read more ›
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The UK is experiencing unprecedented challenges – whether it be austerity, lack of productivity or availability of skills and talent. The nation is still recovering from the impact of the pandemic, while the public sector is also coping with staff shortages and industrial action, applying considerable pressure on our health and social care services. These ... Read more ›
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Scotland is celebrated for its exports of textiles, whisky, salmon, and shortbread. Yet it is Scotland’s technology industry that is driving the next wave of economic growth, with some seeing it as having the potential to become the UK’s Silicon Valley. Scotland spans nearly 78,000 square kilometres, including the mountainous and loch-filled region in the ... Read more ›
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15.06.2026 15:57
Last update: 15:51 EDT.
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