This week’s UK tech funding deals include record-breaking quantum computing group Oxford Quantum Circuits, Newcastle spinout Gnosis Health and more. UKTN tracked £480.1m worth of UK tech investment this week (1 June to 5 June), a 367% week-on-week increase across 12 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Oxford Quantum ... Read more ›
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In March, the UK government set out plans for what it called the biggest building programme since the second World War. The new Planning and Infrastructure Bill includes twelve new towns, each expected to deliver at least 10,000 homes. It’s a huge opportunity, but are UK firms prepared to seize it? The UK construction industry ... Read more ›
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London-based AI data centre firm Nscale has raised $1.1bn (£824m) in a Series B funding round, a record total in the UK and Europe. The funding will be used to further its global deployment of large scale AI infrastructure and was led by Norwegian investor Aker ASA with support from existing stakeholders such as NVIDIA ... Read more ›
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Strolling around the innovation district in the Olympic Park, one could almost believe they were in the heart of Silicon Valley, if it weren’t for the decidedly grey East London sky. Exploring the Here East complex, you can find global companies, early-stage startups looking to turn vision into reality, university students and staff researching away ... Read more ›
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Quantum computer-powered bond trading has performed 34% better than classical techniques in a trial conducted by HSBC and IBM. The two firms were jointly exploring how quantum computers can be used to predict how likely a bond trade would be filled at a quoted price, with the findings suggesting the technology has a real future ... Read more ›
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The government has unveiled a coalition between local universities, skills providers and AI sector specialists to plan and build a new AI Growth Zone in the North East. New construction roles are set to be created and the new taskforce will work with local organisations to create training and apprenticeship routes to boost benefits across ... Read more ›
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The UK’s AI-skilled workforce will not be limited to the tech industry, with a variety of sectors expected to benefit from a new generation of AI workers, according to new research from Multiverse. In an analysis of more than 2,500 people enrolled in AI apprenticeship programmes by Multiverse, over two-thirds (67%) were in non-tech roles, ... Read more ›
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AI-powered trust management platform Vanta has opened its new London headquarters in the capital’s West End. Following a period of UK expansion, Kent House in Fitzrovia will serve as the hub for Vanta’s EMEA efforts. The announcement was celebrated at a launch event in the new 3,500 sq ft office space, where customers, partners, and ... Read more ›
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In partnership with Birmingham Tech Week. In the age of acceleration where transformational change is driven by rapid technological advancements, the West Midlands has been quietly but confidently establishing itself as one of Europe’s most promising innovation hubs. The UK is currently facing a broader slowdown in foreign direct investment (FDI) – a 12% decrease ... Read more ›
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UK Research and Innovation (UKRI) has announced £9m in funding will go to 48 projects turning research into spinout companies. The proof of concept programmes will support fields from medicine to space tech to artificial intelligence. Among the projects funded is AI Mapper+, a generative AI-powered accessible journey planning technology that uses real-time public transport ... Read more ›
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London-based fintech group GoCardless has announced plans to open a new office in Leeds in hopes of tapping into the “rich talent pool and innovative spirit of the North”. Scheduled to open later this year, the new GoCardless office will serve as the company’s base in the north of England with a team of 50 ... Read more ›
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Revolut has pledged to invest £3bn in the UK as it opens the doors of its new global headquarters in Canary Wharf. The fintech unicorn, currently the UK’s most valuable private tech company, also pledged to create an additional 1,000 new jobs. According to the firm, the UK investment is the cornerstone of its five-year ... Read more ›
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Alloyed is a University of Oxford spinout that specialises in developing and manufacturing high-performance metal components through a combination of materials science, advanced software, and additive manufacturing, which includes 3D printing. Earlier this year, the startup secured £37m in Series B funding, reflecting its impressive traction – with customers including Anglo American, BMW, Boeing, Hitachi ... Read more ›
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Dame Angela Eagle, recently appointed as a minister in the Department for Environment, Food and Rural Affairs (DEFRA), has declared the government’s commitment to the agricultural tech sector. In her first public appearance since being named Minister of State for Food Security and Rural Affairs in the cabinet re-shuffle earlier this month, Eagle said this ... Read more ›
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ZILO, a London-based startup developing software for asset and wealth management, has secured a $27m (£20m) Series A extension round. Founded in 2023, ZILO produces global transfer agency software, used to manage the records of the owners of various assets. The software is used to process transactions and keep track of investor details. Now backed ... Read more ›
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Figures from the UK tech industry have urged the Home Office to “decisively” embrace immigration in the wake of anti-migrant policy from the US. In an open letter to Home Secretary Shabana Mahmood, tech advocacy group Startup Coalition said moves from the US against encouraging skilled migration made it more important than ever that the ... Read more ›
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This week’s podcast guest is Calum Chase, co-founder of Conscium, who discusses why fears of an AI winter have been greatly exaggerated, why the industry has surpassed the hype phase and will continue to grow and the transformational impacts already happening and those yet to come. Conscium is a research organisation focused on applied AI ... Read more ›
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London-based fintech firm Tide has been valued at $1.5bn after securing a new $120m (£88.8m) funding round. The business and finance management platform was founded in 2015. Tide offers SMEs business accounts and banking services as well as a suite of administrative management tools. The company, which operates in its home market as well as ... Read more ›
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The UK government is considering lowering the financial requirements for the global talent visa amid an extreme increase in cost from the US. Figures at Number 10 and the Treasury have even floated the idea of abolishing the associated fees altogether, according to reporting from the Financial Times. The global talent visa is a scheme ... Read more ›
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YASO, a London-based startup that helps consumer brands expand and grow in the Chinese market has raised £8.25m in a Series A funding round. The company provides an operating system covering payments, logistics, compliance, tax, analytics and storefront integrations for firms looking to grow their presence in the challenging to enter but highly lucrative Chinese ... Read more ›
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Planning approval has been secured by Latos for a new £100m data centre specialising in AI inference capabilities. The 18,836 sq ft centre will be located at Preston Farm Industrial Estate in Stocton-on-Tees and will house NVIDIA Blackwell GPUs. Latos, a neural edge infrastructure company, plans to open the site in early 2027. “From robotics ... Read more ›
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13.06.2026 22:25
Last update: 22:05 EDT.
News rating updated: 05:20.
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