Early-stage venture capital firm Oxford Science Enterprises (OSE) has secured an additional £250m to fund deeptech, healthtech, and life science spinouts from the University of Oxford. It provides initial funding, support, industry experts and startup infrastructure to companies based on work inside of the university. Alexis Dormandy, CEO of Oxford Science Enterprises, said: “We are ... Read more ›
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The government has unveiled a £273m funding package for the UK’s aerospace sector to invest in technology such as solar-powered aircraft, flying taxis and drones carrying medical treatments. The funding, announced by Business Secretary Kwasi Kwarteng at the Farnborough International Airshow today, is aimed at boosting jobs and innovation in the sector. Kwarteng said: “Through ... Read more ›
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UK-based online food delivery company Deliveroo has slashed its projected revenue growth for the year, citing the difficult economic climate amid the rapidly increasing cost of living. Deliveroo, which competes with services like Just Eat and Uber Eats, said in a trading update on Monday that total transactions in the first half of the year ... Read more ›
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If VCs truly want more diversity in their portfolio, they’ve got to drop the ‘warm’ intro bullshit. Diversity statistics within venture capital in the UK – and globally – make for grim reading. In 2017, landmark research from British Business Bank, the BVCA and Diversity VC found that for every £1 of VC investment in ... Read more ›
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Researchers in Scotland are using internet of things (IoT) technology to combat the destruction of trees from pine weevils, a beetle that feeds on the bark of young trees. The black beetles are the biggest threat to a tree under five years old. They are particularly damaging to pine and spruce, which are often grown ... Read more ›
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Tech job opportunities have hit a 10-year high as the demand for skilled workers outgrows the level of digital skills available in the UK, according to new data. As revealed in a report from Tech Nation, data from job search engine Adzuna shows that tech roles currently make up 14% of all job opportunities in ... Read more ›
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Britain’s venture capitalist community has warned that the uncertainty surrounding the Conservative party leadership contest risks the UK tech industry losing momentum. Unless candidates drop out of the race early, the UK won’t know who the next prime minister will be until 5 September. But venture capital (VC) firms are worried that being left in ... Read more ›
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Cambridge-headquartered Nyobolt has raised £50m to begin manufacturing its fast charging and high-power battery technology in the UK. Nyobolt will use the £50m capital injection for its first material manufacturing plant in the UK and expanding its cell engineering facility in the US. The company also plans on growing its headcount. “We founded Nyobolt following ... Read more ›
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Internet giant Amazon has said it will create 4,000 new permanent jobs in the UK, bucking the trend of job cuts among some of the UK’s tech firms as companies scale back amid the global market downturn. The ecommerce company will create jobs at fulfilment centres around the country, along with roles at its Amazon ... Read more ›
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Deyan Dimitrov is the founder and CEO of Laundryheap, an on-demand laundry and dry cleaning service. Dimitrov launched the London-headquartered company in 2014 after experiencing first-hand frustration at the lack of laundry options available. The company lets customers schedule a laundry collection using a smartphone app, with couriers picking up the clothes via an ecargo ... Read more ›
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Australian buy now, pay later (BNPL) firm Zip Co is looking to sell off or shut down its UK operations, according to reports. The Sydney-listed unicorn only recently became active in the British market. However, Sky News reports the company is seeking buyers for its UK operations. It is not yet known if it will shut ... Read more ›
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London-based venture capital firm Systemiq Capital has received $70m (£59.2m) in the first close of its Fund II to invest in early-stage climate tech startups. More specifically, Systemiq Capital is looking to back startups operating in transportation, food and material production. The final close of the fund is expected within the next year and is ... Read more ›
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The UK’s data watchdog is launching an investigation into potential bias when using artificial intelligence (AI) during the recruitment process. The probe will focus on alleged racial discrimination from automated recruitment systems. The Information Commissioner’s Office (ICO) investigation is in response to accusations that automated recruitment software has been unfairly ruling out candidates who are ... Read more ›
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Since the late 1800s milkmen have been making the rounds across Britain to deliver fresh dairy products to people’s homes. Now, milk deliveries have been brought into the 21st century by a startup that uses data analytics to map out milk rounds, manage shelf-life dates and track customer orders made by a smartphone app. Founded ... Read more ›
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How can innovation tackle the world’s biggest societal challenges? It’s a question that’s been at the forefront for my team as we’ve toured the UK in search of tomorrow’s tech disruptors. During a one-month period, we’ve listened to pitches from over 80 scaleups for our KPMG Private Enterprise Tech Innovator competition. As we whittled that ... Read more ›
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British electric vehicle maker Arrival has said it’s considering cutting 30% of roles in a proposed “business reorganisation” that could see up to 800 jobs axed. Arrival said it is in response to the “challenging economic environment” and remains on course for the production of its electric van later this year. The company also said ... Read more ›
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The Treasury Committee has announced an inquiry will take place into the role of crypto in the UK that will explore both the risks and opportunities for consumers and businesses. The statement from the committee included a request for the submission of written evidence examining whether cryptocurrencies are likely to replace traditional finances. MPs will ... Read more ›
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Edinburgh-based tech incubator CodeBase has secured a £42m contract from the Scottish government to build seven new tech scaler hubs across Scotland. “Tech startups right across Scotland will have access to world-class education and mentoring and opportunities for peer learning and networking through the tech scalers,” said Nicola Sturgeon, first minister. At the hubs, tech ... Read more ›
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UK investment app Lightyear has raised $25m (£21m) in a Series A equity funding round that attracted capital from Virgin Group founder Sir Richard Branson as it launches into 19 European countries. Founded by former employees of the money transfer service Wise, Lightyear specialises in bringing international investment opportunities to European investors. By allowing users ... Read more ›
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Space company Skyrora has opened a new facility in Cumbernauld to manufacture rocket engines, creating 100 jobs within the region. “As a business, we now have a full set of domestic facilities to allow for close control of the quality and rapid development and testing of Skyrora XL ahead of its demo launch,” said Dr ... Read more ›
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16.06.2026 19:13
Last update: 19:05 EDT.
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