Scottish space startup Orbex has taken the next step towards building a spaceport to launch rockets after signing a lease for a site in northwest Sutherland. When operational, the Sutherland site will launch up to 12 rockets per year and become the first on the UK mainland with the capability for vertical rocket launches satellites. ... Read more âș
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The UKâs Environment Agency has deployed some of its pension fund in Berlin-based World Fund, a climate tech venture capital firm. World Fund said the investment from the UK Environment Agency Pension Fund (EAPF) will help it meet its target of at least 17% of its portfolio investments in climate tech startups. Founded in 2021, ... Read more âș
30
Shares in Made.com have been suspended from trading as the online furniture retailer braces for administration just 16 months after its debut on the London Stock Exchange. Last week Made.com said it had not found a buyer despite ongoing talks with interested parties. The British ecommerce company also halted all new customer orders. Its website ... Read more âș
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Britishvolt has been given a reprieve from entering administration after the automotive battery startup secured last-gasp funding to avoid collapse, according to reports. The firmâs survival was left in the balance after the government rejected Britishvoltâs request for an advance of ÂŁ30m in committed funds, leaving the company looking at âseveral potential scenariosâ. Britishvolt has ... Read more âș
1
The international trade secretary, Kemi Badenoch, will call for UK investments into innovative green tech as a way to âfuture-proofâ the country. Speaking at the green trade and investment expo in Gateshead, the MP will say: âNow is the time to future-proof our economy by investing in cutting-edge green technology, protecting our long-term energy security ... Read more âș
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London-based AI startup Solvo.ai has raised $4m (ÂŁ3.47m) in a seed round to commercialise its automated supply chain technology. Since Covid-19, global supply chain issues have led to shortages in everything from semiconductors to sriracha. Solvo.ai was founded by Gaurav Bajaj and Dongho Kim to smooth out the economic, political, and environmental factors that impact ... Read more âș
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Electric vehicle battery startup Britishvolt has said it is exploring âseveral potential scenariosâ amid reports that itâs on the brink of entering administration following unsuccessful attempts to find fresh funding. The Northumberland-based company has been trying to raise ÂŁ200m or find a buyer, the Financial Times reported, with Jaguar Land Rover owner Tata Motors among ... Read more âș
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The buy now pay later (BNPL) space is expected to be worth $1tn (ÂŁ866bn) according to new research from analytics firm GlobalData. Tech firms such as Apple, Google and PayPal are predicted to be leading players said GlobalData. âBig Tech and large payment providers can seamlessly incorporate BNPL into their platforms whether theyâre profitable or ... Read more âș
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Energy tech startup Octopus is set to take over the customer base from collapsed competitor Bulb, which has been run by the government since last year amid rising energy costs. Founded in 2013, Bulb consistently ran at a financial loss despite achieving rapid growth, ultimately cultivating a customer base of 1.5 million people. The Department ... Read more âș
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Itâs safe to say Rishi Sunak promises to be one of the UKâs more âtech friendlyâ recent prime ministers. He takes the reins at a time of unprecedented turbulence, with immediate domestic priorities in need of urgent attention. Yet Sunak must not backpedal on the commitments he made to the nation during this summerâs Conservative ... Read more âș
0
Nikolay Storonsky, co-founder and CEO of Revolut, has renounced his Russian citizenship as the war in Ukraine continues. Storonsky, born in Russia to a Ukrainian father, has been extremely vocal about his feelings towards the Russian invasion of Ukraine. In March, the fintech CEO published a blog post denouncing the war. In the post, he ... Read more âș
0
Manchester-based product testing platform Vypr has secured ÂŁ3.4m in funding to continue its product development. Companies use Vypr to get feedback on their product designs such as packaging and menus from its community of 65,000 reviewers. Richard Law, chairman, Vypr said: âVypr is addressing the nascent market for real time insights and intelligence that businesses ... Read more âș
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The number of VC deals completed in the UK has plummeted to its lowest level since 2016 as investors take a âwait and seeâ approach to the global economic downturn and impending recession. According to a report by professional services firm KPMG, there were just 575 venture capital deals in the third quarter this year, ... Read more âș
5
UK universities have called on the government to commit to a major investment plan into research and development (R&D) in a joint letter ahead of the autumn fiscal statement. The letter, organised by the University Alliance, expressed concern that the government, now led by Prime Minister Rishi Sunak, would sacrifice investment into R&D as part ... Read more âș
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Online car marketplace Cazoo has announced a record UK quarter, with its highest-ever revenue and sales coming amid its pullout of European markets. In its third quarter financial results, Cazoo posted UK revenue of ÂŁ347m and 18,889 unit sales. Its total gross profit stood at ÂŁ10m, boosted by selling cars at a higher average than ... Read more âș
0
The Premier League is in talks for a ÂŁ30m per year deal with the French digital asset firm Sorare, despite an ongoing inquiry into the company from UK regulators. First reported by Sky News, the top-flight league for English football is holding talks today with all 20 participating clubs to discuss a multi-year deal with ... Read more âș
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Sam Horbye is the co-founder of Olsam, a company that acquires ecommerce and marketplace brands and draws on its in-house technology and digital marketplace experience to scale them globally. Horbye founded Olsam in 2020 with his brother Ollie. It acquires brands created by solopreneurs and develops brands in-house and aims to make them âblow upâ ... Read more âș
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Sam Horbye is the co-founder of Olsam, a company that acquires ecommerce and marketplace brands and draws on its in-house technology and digital marketplace experience to scale them globally. Horbye founded Oslam in 2020 with brother Ollie. It acquires brands created by solopreneurs and develops brands in-house and aims to make them âblow upâ on ... Read more âș
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Rapid delivery startup Getir has secured a deal with the Co-op to list its products at certain London stores. The move by the Turkish-founded startup comes at a time when on-demand delivery services seek out additional revenue streams in what is currently a low-margin model and unprofitable model. It joins a growing trend of delivery ... Read more âș
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The UKâs share of global research and development (R&D) investment has dropped by a fifth since 2014, according to a new report. Recent data from the Institute for Public Policy Research (IPPR) found that despite the push from Conservative leaders in recent years to transform the UK into a âscience and technology superpowerâ, R&D investment ... Read more âș
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16.06.2026 01:53
Last update: 01:46 EDT.
News rating updated: 08:41.
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