The Alan Turing Institute, a publicly funded research organisation focused on AI and data science, has been deemed “unsatisfactory” in a review of its work. The review, conducted by the government funding body UK Research and Innovation (UKRI), acknowledged the “strong foundations” and “clear evidence of scientific excellence” at the institute, however, warned that it ... Read more ›
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The Women backing Women fund, launched recently by a government-appointed taskforce, has announced its first close of £130m in what it described as a “landmark moment for the UK’s investment ecosystem”. The Invest in Women taskforce launched in 2024 to bring together business experts to improve the gender equity in investment. As part of its ... Read more ›
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A new £20m funding boost has been unveiled by the government to support the local innovation economies of regions across England and Wales. The funding, to be awarded through the competition element of the £500m Local Innovation Partnerships Fund, will go towards a number of tech schemes in areas from Teesside to Cornwall. In the ... Read more ›
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London fintech Revolut has secured a major step towards establishing a licensed banking operation in Peru as it seeks grow its Latin American business. Revolut has been granted an Organisation Licence by the Superintendency of Banking, Insurance and AFP (SBS) of Peru, a key step in the journey of being a licensed bank in the ... Read more ›
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Search engine optimisation (SEO) has been a staple element of business growth for decades now, but if the shift towards AI searching continues, it could be left in the dust, creating a divide between the AI visible and the rest. That was in part the thinking behind the launch of Surfacd, an AI visibility tool ... Read more ›
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The UK Semiconductor Centre (UKSC), a government-backed hub supporting the domestic microchip centre, has appointed two new directors to its leadership team. Launched in 2024 following the landmark National Semiconductor Strategy, UKSC serves as a gateway to the country’s semiconductor industry, attracting international investment, providing technical and strategic support to domestic firms and driving skills ... Read more ›
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For much of fintech’s evolution, regulation was treated as a hurdle to overcome rather than a foundation for long-term scale. That narrative no longer reflects reality. In the UK fintech ecosystem, regulatory maturity is increasingly a differentiator rather than a constraint. The firms investing in strong governance, robust control frameworks and institutional-grade compliance are not ... Read more ›
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The UK Semiconductor Centre (UKSC), a government-backed hub supporting the domestic microchip centre, has appointed two new directors to its leadership team. Launched in 2024 following the landmark National Semiconductor Strategy, UKSC serves as a gateway to the country’s semiconductor industry, attracting international investment, providing technical and strategic support to domestic firms and driving skills ... Read more ›
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Three UK pension funds have agreed to invest in the UK venture capital (VC) market via a fund coordinated by the British Business Bank. The government has been encouraging pension funds to direct their considerable capital away from traditional cautious investments and towards high-potential, riskier VC opportunities as a way to increase the flow of ... Read more ›
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The UK’s competition regulator has unveiled plans to target anti-competitive behaviour in the cloud market after engaging with its largest players. Since the introduction of the new digital markets competition regime, the Competition and Markets Authority (CMA) has been conducting investigations to determine the extent to which large firms control various industries. It has acted ... Read more ›
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The UK’s data regulator has called on businesses to review their practices related to automating the hiring process to ensure the right protections are in place. The use of AI as a part of the hiring process has become extremely common, with numerous automated tools available to sort through candidates, scan CVs and other materials ... Read more ›
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AI-powered debt intelligence platform 9fin has been crowned a unicorn following a new $170m (£128.8m) Series C investment. Now valued at $1.3bn, 9fin intends to grow its AI capabilities, expand its proprietary dataset and continue its growth in the US. The London-headquartered firm, which raised $50m (£38m) in 2024, has built technology to provide information ... Read more ›
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This week’s podcast guest is Katie Gallagher OBE, managing director of Manchester Digital, who discusses why the city is being seen as a blueprint not just for tech start-ups but for wider economic growth too. Gallagher chats about Manchester’s rich heritage in digital technology from cyber-security to e-commerce and how it is building on that ... Read more ›
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In the global race for technological leadership, the past year has been defined by ambition. Strategies have been set, funding announced, and priorities outlined. But as with any frontier technology, a strong start is not the same as a finished job. This month, the UK took a more concrete step forward. The government’s £2bn investment ... Read more ›
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The government must act now to enforce anti-fraud standards on social media platforms, according to a trade body representing the payments sector. The Payments Association (TPA) has for some time now be calling for the burden for both tackling fraud and reimbursing its victims, currently placed heavily on the payments sector to be shared with ... Read more ›
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San Francisco-based data and AI tech giant Databricks has announced plans to invest more than $850m (£644m) in the UK to support its expansion in the country. The investments, to be made over the next three years, will see Databricks quadruple its physical footprint in London with a new 137,000 sq ft headquarters. It has ... Read more ›
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A Cambridge-based startup using AI to support the cancer diagnostic process has raised £8.7m in a funding round that included Macmillan Cancer Support. Lucida Medical has developed an AI-powered diagnostic service that supports the efforts of clinicians to diagnose prostate cancer from MRI scans. Already being used within the NHS, Lucida’s diagnostic service has been ... Read more ›
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Nothreat, a UK-based cybersecurity startup, has been selected to join PSG Labs, an accelerator programme run by French football giant Paris Saint-Germain. Based in the iconic Parisian tech cluster Station F, PSG Labs was launched by the Ligue 1 champions to provide up and coming tech companies with support from its business and digital experts, ... Read more ›
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Empirical Ventures, a UK-based investment group that backs entrepreneurial scientists, has secured a £10m commitment from the British Business Bank. The investor has a stated mission of backing “Venture Scientists” in the UK, based on the idea that the businesses that will solve our greatest problems will be built by exceptional scientists that could otherwise ... Read more ›
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Aura Life, a digital end-of-life preparation platform has secured backing from YFM Equity Partners as looks to its next phase of growth. Founded in 2019 by Paul Jameson, David Jameson and Ben May, Aura Life was launched when the following the diagnosis of a motor neurone disease in the former. His experience navigating end-of-life planning ... Read more ›
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22.04.2026 06:53
Last update: 06:45 EDT.
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