Cardiff-based space tech group Space Forge has closed a £22.6m investment round in the largest Series A secured by a British space tech startup. Led by the NATO Innovation Fund, the round will accelerate the development of the company’s returnable manufacturing satellite and support its first in-orbit demonstration mission later this year. Founded in 2018, ... Read more ›
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A new AI tool built by the UK government as part of its Humphrey suite, known as Consult, has been trialed for the first time on a live consultation hosted by the Scottish government. The tool was used to summarise what the public told the government in response to a consultation on how to regulate ... Read more ›
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The government will today call on tech companies to build verification technology to support the roll out of digital identification systems as research suggests billions in returns. The UK has been working towards the release of the GOV.UK Wallet, a service that allows people in Britain to carry a digital drivers’ licence ahead of the ... Read more ›
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Last month, we saw yet another striking example of how generative AI can be exploited for ill, when someone used ChatGPT to create a fake lunch receipt that looked entirely legitimate at first glance. For anyone working in finance and HR, it was a warning shot. Submitted to a real organisation, many busy finance teams might have ... Read more ›
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A screening system that aims to reduce bias in VC decision making has been found to generate more successful exits and fewer shutdowns than traditional methods, according to new research. VC group Astia, which aims to increase the supply of funding for women-led startups, analysed the investment decisions made over the past quarter-century using its ... Read more ›
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UK manufacturing is no longer defined by nuts, bolts and production lines; AI algorithms, virtual simulations and fully autonomous factories are becoming integrated into daily processes. As global pressures mount and competitive edges narrow, British manufacturers are leaning into a digital-first future by adopting advanced technologies; not just to stay abreast of technological modernity, but ... Read more ›
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The Mansion House Accord is an “important step forward” as the UK works towards a “tech-positive” regulatory regime, according to Innovate Finance boss Janine Hirt. Announced on Tuesday, the agreement will see 17 pension schemes and providers commit a minimum of 10% of their defined contribution default funds towards private investment, with at least half ... Read more ›
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Digital bank Zopa has raised £80m in additional tier 1 capital through the listing of a bond on the London Stock Exchange. The non-dilutive capital injection will bolster the bank’s balance sheet as it prepares to launch its new flagship current account product. The transaction, completed on the International Securities Market in London, was oversubscribed ... Read more ›
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One in five consumers and businesses now use open banking services, up from one in 17 in 2021, according to a new report. Fresh figures from Open Banking Limited, the entity tasked by the government with the implementation of open banking technology, have revealed there are around 13.3 million active open banking users in the ... Read more ›
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A new £60m lab and innovation hub is set to open next year in Manchester Science Park. Greenheys, a joint venture between tech-focused property developer Bruntwood SciTech, Legal and General and Greater Manchester Pension Fund, will provide lab space to local businesses and researchers at a site neighbouring the University of Manchester. Construction of the ... Read more ›
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The potential for AI to supercharge cybersecurity risks has gone beyond speculation. GCHQ’s National Cyber Security Centre (NCSC) has warned that as AI-enabled cyber threats becomes a greater and greater risk, a “digital divide” will form between organisations able to keep pace with the technology and those unable to adapt their systems and strategies to ... Read more ›
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AI workforce optimisation platform ProFinda has secured a £3m facility from Palatine’s Growth Credit Fund. The investment, which will form part of a larger equity growth round, will support the company’s market growth in the professional services sector. Founded in 2011, ProFinda’s platform is used to resource and staff projects by optimising relevant skills and ... Read more ›
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The UK’s £10bn science and technology investment ecosystem stands at an inflection point. Companies that a decade ago were yet to make their first sale have grown into fully commercial businesses with thousands of employees and customers around the world. Venture capital, much of it provided by specialist funds with deep levels of expertise, has ... Read more ›
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The UK competition regulator has expressed “concerns” over an “underlying weakness” at fintech unicorn Starling Bank. The Competition and Markets Authority (CMA) issued directions to the bank on how to address multiple breaches it made of competition regulation regarding customer satisfaction reporting. UK banks are required to provide customer details to an externally appointed market ... Read more ›
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Manchester-based investment group Northern Gritstone will target spinout companies from the University of Liverpool as part of a new partnership. The Pragmatic Semiconductor backer has been granted preferred investor status by the university, which will see it prioritise investments in startups from it as well as provide “venture building services” to staff and students. As ... Read more ›
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Pension schemes and providers have jointly formed the Mansion House Accord initiative, pledging to ramp up investment into private British businesses. The agreement, stemming from former chancellor Jeremy Hunt’s Mansion House reforms, will see the Pensions and Lifetime Savings Association, the Association of British Insurers and the City of London Corporation jointly scale up the ... Read more ›
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Asset trading platform iForex is “considering” an initial public offering (IPO) that would see the fintech group admit shares on the London Stock Exchange. The company, which facilitates the trading of multi-asset contracts for difference this week published a registration document – a key step ahead of a public float that gives potential investors comprehensive ... Read more ›
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Charity Full Fact has declared a state of “crisis” for digital misinformation in the UK as the group urges swift action to tackle online harms. In its latest annual report, Full Fact – the independent fact checking organisation – blasted the lack of progress in tackling digital information, despite the introduction of the Online Safety ... Read more ›
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This week’s podcast guest is Sharon Vosmek, chief executive and managing partner of Astia, who discusses why backing female founders isn’t just morally right, but also financial prudent, why not all definitions of women-led startups are equal and the danger of ‘fomo’ in investing. Astia is an inclusive venture capital group that seeks to address ... Read more ›
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Shares in the London-listed semiconductor technology group Alphawave jumped as much as 8% on Monday as it holds discussions over a potential buyout from US giant Qualcomm. Alphawave announced on Monday that it had agreed to an extension of the deadline for Qualcomm to provide a firm offer, with the talks first proposed in April. ... Read more ›
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21.12.2025 15:33
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