MPs have warned that the UK risks “falling behind” other countries in safeguarding semiconductor supply and called on the government to forge partnerships with other countries and support the construction of new production facilities in Britain. A report published by the Business, Energy and Industrial Strategy Committee found that the UK is “missing out on ... Read more ›
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Late-stage investor British Patient Capital deployed £341m in its latest financial year, with the majority (£228m) put into its core funds and co-investment programme. The commercial subsidiary of the government-owned British Business Bank invested £341m across 10 fund commitments and two co-investments. British Patient Capital now holds assets that are worth just over £3bn while ... Read more ›
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Nanotech company P2i has become the first business to receive financial backing from HSBC’s new UK Growth Lending fund with a £15m investment. Oxfordshire-based P2i has developed a form of electronic coating material used by manufacturers for products like mobile phones to prevent liquid damage. Founded in 2004, P2i claims the material is more environmentally ... Read more ›
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The UK and Singapore have extended the UK-Singapore Financial Partnership to improve cooperation between their respective fintech sectors. Topics discussed between HM Treasury and The Monetary Authority of Singapore included greenwashing, crypto assets, e-wallets and digital banking. It builds on the Fintech Bridge that began in 2016. Janine Hirt, CEO of industry body Innovate Finance, ... Read more ›
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UK fintech Atom Bank has raised an additional £30m from previous investors as it pushes its timeline back to 2024 or 2025 for an IPO or “liquidity event”. Durham-headquartered Atom said it has agreed terms with two of its biggest shareholders – BBVA and Toscafund – along with previous backer Infinity Investment Partners for the ... Read more ›
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Struggling electric van startup Arrival has appointed the former head of Marvel Entertainment, Peter Cuneo, as interim chief executive after founder Denis Sverdlov stepped down as CEO. Sverdlov will swap jobs with Cuneo, who had previously been Arrival’s chairman of the board. Cuneo was head of Marvel Entertainment until its sale to Disney in 2009 ... Read more ›
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The controversial Online Safety Bill will return to Parliament next month following lengthy delays. The legislation, which aims to make the internet a safer place by giving more powers to communications watchdog Ofcom, has been stuck at the final stage of the Commons since July. The government has now confirmed that it will resume its ... Read more ›
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London-based Searchland has received £2.3m in seed capital from Fuel Ventures for its platform used by property developers to find suitable land to build on. Searchland’s software gives property developers the ability to search by criteria including land type, land ownership, past property sales, average price per square foot and planning application analysis. Searchland was ... Read more ›
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Dr Nayan Kalnad is the CEO and co-founder of Avegen Health, a company that builds patient-facing apps for those living with long-term conditions such as HIV and diabetes. Avegen Health has created a cloud-based platform, called HealthMachine, that clients can use to design bespoke apps for specific health conditions. The apps are used by over ... Read more ›
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Obrizum, a Cambridge-based data-driven upskilling platform, has boosted its funding to $17m (£14m) with a Series A investment of $11.5m (£9.5m). Obrizum claims it can improve the performance of employees across any sector through its adaptive learning process. The startup has created a platform that uses automation analytics to provide businesses with digital learning assessments ... Read more ›
1
Nearly a third of 18-34-year-olds do not realise that they can get into debt using buy now pay later (BNPL) services, a report has found. A survey by loan provider Creditspring found that 14% of those aged 18-34 have used BNPL to pay for services and goods, with 34% of those saying they use it ... Read more ›
0
The UK’s burgeoning space sector is set to benefit from a new £1.84bn funding commitment from the British government, announced in Paris at the European Space Agency Council of Ministers meeting. Out of the £1.84bn UK space funding commitment, £71m will be made available to smaller firms developing technology that reduces the dependence on nations ... Read more ›
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Funding for tech startups in South Yorkshire has more than doubled in the last four years, according to new research, underscoring the growth of UK regional tech hubs. The report from Team SY, launched alongside the inaugural South Yorkshire Tech Summit, found that tech startups in the county in the first 10 months of 2022 ... Read more ›
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Berlin-based venture capital investor Earlybird has opened a London office to expand its presence in the UK. The London office, located near Oxford Circus, will “serve as a springboard” to connect its investors with UK and Ireland founders and tech entrepreneurs. Founded in 1997, Earlybird invests in early-stage technology companies – predominantly seed and Series ... Read more ›
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The Business Growth Fund (BGF), a capital investor in startups from the UK and Ireland, has raised its total funding for the UK Enterprise Fund (UKEF) to £80m following a partnership with Coutts. The UKEF fund launched in June 2021 with £40m of committed capital. A further £40m has now been raised through the close ... Read more ›
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Embedded banking provider ClearBank turned a profit on a monthly basis for the first time in October on annual revenues of £45.3m. ClearBank provides the underlying tech for real-time payment clearing on behalf of other corporates. The London-based firm claims it is the UK’s first clearing bank in more than 250 years, joining traditional banks ... Read more ›
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Placed, a London-based recruitment app aiming to bridge the gap between employers and Gen Z workers, has secured £4m in an investment round. The company believes that existing online job-matching websites are an inefficient way to bring young people into the workforce. Placed uses in-app quizzes instead of CVs to source appropriate candidates going through ... Read more ›
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Seed-stage investment outside of London rose by 88% last year in a sign that early-stage startups based in the UK’s regional tech hubs continue to attract crucial capital to get off the ground. By contrast, seed stage investment in London fell by 22% in 2021 compared to the year prior, according to the British Business ... Read more ›
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The UK has raised £360m from US Big Tech firms through the digital services tax (DST) over the 2020/21 tax year, more than the amount raised through corporation tax. In a report published today by the National Audit Office (NAO), it was revealed that government revenue raised by the DST was greater than originally forecast. ... Read more ›
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Starling Bank is no longer supporting crypto transactions for its customers following a review of its position on “financial crime”. The challenger bank implemented the ban yesterday, sending users a notification through the Starling app. The London-based fintech wrote on Twitter: “We always review our position in relation to financial crime. We consider crypto activity ... Read more ›
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15.06.2026 21:28
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