The UK government is trialling Elon Musk’s satellite broadband service Starlink to provide high-speed internet to rural areas. Starlink was chosen by the government due to its “readiness and availability”. Starlink’s constellation of satellites sits in low Earth orbit and beams internet signals to transceivers on the ground. Internet signal is then relayed to Starlink ... Read more ›
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The UK and Ukraine will expand their digital trading relationship after a deal was agreed in principle by the Department for International Trade (DIT). The agreement between UK Trade Secretary Kemi Badenoch and Ukraine Minister for Trade and Economy Yulia Svyrydenko will see increased digital trade between the nations, allowing Ukraine to benefit from international ... Read more ›
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Cambridge-headquartered microchip designer Arm has appointed two board members with experience at chip giants Qualcomm and Intel ahead of its hotly anticipated IPO. Dr Paul E. Jacobs brings his experience as the former CEO and executive chairman of semiconductor Qualcomm. Currently, he is the chairman and CEO of XCOM Labs, a company he founded in ... Read more ›
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Revolut, THIS, Ziglu and Oddbox — what do all these brands have in common? They’ve all used equity crowdfunding to raise capital. Crowdfunding has become a key part of many high-growth brand’s strategies – and not just as a way to raise cash. There are marketing benefits too. It’s a great way to build awareness ... Read more ›
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TreeCard, a fintech that plants trees when money is spent using its wooden card, has secured $23m (£19.2m) in a Series A funding round led by PayPal co-founder Peter Thiel’s Valar Ventures. Through its partner Ecosia, a search engine that plants trees based on ad revenue, TreeCard plants one tree for every $50 (£41) spent ... Read more ›
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Tide, an SME financial services provider, has acquired lending marketplace company Funding Options for an undisclosed fee. First revealed by AltFi, Tide made the acquisition to boost its existing lending marketplace services, gaining access to the almost 500,000 customers of Funding Options. Tide did, however, state that Funding Options would remain a distinct brand that ... Read more ›
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California-headquartered Starship Technologies is rolling out its autonomous delivery robots in Leeds to transport fresh groceries to residents. The robots, which resemble a white coolbox on six wheels, will deliver goods from local Co-op stores in Leeds ordered through the Starship app. The service will initially be available to 20,000 Leeds locals and comes through ... Read more ›
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The Treasury has reiterated its ambition to transform the UK into a global cryptoasset hub, despite the industry downturn and the aftershock of collapsed exchange FTX. Speaking at a Financial Times banking conference, Andrew Griffith, economic secretary to the Treasury, said he still held the ambition to boost the UK’s position in the cryptoasset space. ... Read more ›
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Exports from the UK to the EU are down 16% on pre-Brexit projections, underscoring the need for Britain to broaden its trading horizons. With last month’s appointment of Rishi Sunak as the UK’s first British Indian prime minister, negotiations for a free trade agreement (FTA) with India have been brought sharply into focus. Despite delays ... Read more ›
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Nesta Impact Investments, the investment arm of the UK science and tech foundation Nesta, has announced a £50m investment strategy to back early-stage impact startups in the UK. Nesta has earmarked more than £25m of the new fund for direct investments into tech startups to be made over the next five years. The remaining funds ... Read more ›
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Manchester-based Biorelate has bagged £6.5m in Series A investment for its AI drug discovery platform for medical companies. Its “Galactic AI” platform uses natural language processing and machine learning, both branches of AI, to collect “billions of biomedical data points” that can be used by medical companies to develop drugs. Dan Jamieson, founder and CEO ... Read more ›
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UK-based entrepreneur initiative Black Girl Fest has revealed the latest cohort for its Launchpad programme, with founders hailing from eight countries and over a quarter based in the UK. Founders in the second Black Girl Fest cohort will receive mentorship over Zoom and the opportunity to pitch for funding up to £15k. Black Girl Fest ... Read more ›
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V7, a startup that automates the process of labelling data, has raised $33m (£27.4m) in a Series A funding round co-led by Candian venture capital firm Radical Ventures and Singaporean state-holding company Temasek. Founded in 2018, V7 describes itself as the data engine to build and improve AI for computer vision. The London-based company offers ... Read more ›
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Fraud complaints at three of the UK’s top challenger banks have increased this year, according to data seen by UKTN. First reported by Sifted, data from the Financial Ombudsman Service (FOS) revealed that neobanks Monzo, Revolut, and Starling all dealt with an increased number of fraud complaints in 2022 compared to the year prior. The ... Read more ›
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Five energy projects across the UK are to receive more than £32m in government funding from the Longer Duration Energy Storage competition. The biggest amount of funding (£9.25m) was awarded to East Lothian-based Sunamp Ltd for testing its thermal storage system in 100 houses. Graham Stuart, climate minister, said: “Accelerating renewables is key to boosting ... Read more ›
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Measures that would have forced large digital platforms to remove “legal but harmful” content have been scrapped from the Online Safety Bill, following criticisms that it could curtail freedom of speech. The amendment comes ahead of the Online Safety Bill, which aims to make the internet a safer place, returning to parliament next month after ... Read more ›
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Rishi Sunak is well-suited as prime minister to support the UK tech industry but needs to better communicate that the country is open to high-skilled overseas talent, the co-founder of entrepreneur community Founders Forum has said. Speaking to UKTN, Brent Hoberman said that Sunak’s track record means he is the “right man for the job” ... Read more ›
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Britishvolt has confirmed it has abandoned plans to build an additional battery cell factory in Canada to focus on R&D and scale-up facilities in Europe. The British battery startup cited “worsening global economic conditions” and the “very significant reduction available investment capital” for scrapping the gigaplant facility at Bécancour Industrial Park in Quebec, Canada. An ... Read more ›
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Edinburgh-based health tech startup Hearing Diagnostics has secured £1.1m as it eyes commercialisation in the US. Founded in 2017, Hearing Diagnostics has developed technology designed to improve the quality of hearing tests. The company is looking to expand the deployment of its services through increased partnerships with retail locations and high-street optical chains. In the ... Read more ›
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University of Oxford spinout EcoSync has raised £964,603 for its artificial intelligence (AI) controlled property energy management system. EcoSync’s tech analyses a building’s temperature with a virtual representation, or digital twin, of the property. It then monitors temperatures and makes changes based on occupancy levels to bring down energy use. Operators of EcoSync can control ... Read more ›
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15.06.2026 18:54
Last update: 18:40 EDT.
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