Global racing championship group SailGP has opened the doors to a new $10m (£7.5m) innovation facility in Southampton. SailGP Technologies will serve as a hub for design and engineering for the group, brining in 100 high-skilled workers in the state-of-the-art facility. The London-headquartered sailing league chose Southampton for the new home of its engineering and ... Read more ›
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Funding for UK fintechs in the first half of 2025 surged by 48% compared with the previous six months, according to new figures. A total of $2.4bn (£1.8bn) was raised by the UK fintech ecosystem over the period, an impressive leap from the end of 2024, though a notable decline of 26% from the $3.3bn ... Read more ›
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The British Business Bank has committed an additional £15m of investment for UK SMEs to a separately managed account (SMA) run by Prefequity. The new co-investment vehicle will allow private credit firm Prefequity to make larger investments in established, profitable businesses. It will target companies without existing backing from private equity groups that are looking ... Read more ›
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London-based fintech Yetipay has secured £3.5m in new funding as it looks to expand its all-in-one payments offering. Founded in 2018, Yetipay provides payment processing services and point-of-sale terminals to firms, with clients including Brewdog, Pho and Soho-based restaurant Grasso. The new funding includes £1.75m from Berlin-based fintech group re:cap, making it the first company ... Read more ›
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Audit, tax and consulting firm RSM UK will transition to an “AI-centric model” through a new partnership as professional services groups increasingly turn to the technology. The group aims to become the UK’s leading example of an AI-powered consultancy through a tie-up with IntellixCore, a London-based agentic AI company. RSM UK will also launch a ... Read more ›
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The UK has set ambitious targets to increase the capacity of its energy grid to meet the intense demands of its similarly ambitious AI growth agenda. The AI Energy Council, a joint initiative from the Technology and Energy Departments, recently suggested a goal of the energy grid being able to handle a twenty-fold increase in ... Read more ›
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Representatives from the AI and creative sectors will convene into working groups to seek solutions to the ongoing issue of copyright protections for training data. For as long as publicly available AI models have been able to generate writing, images and video based on the data of millions of existing pieces of work, there has ... Read more ›
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Chancellor Rachel Reeves delivered her annual Mansion House speech on Tuesday evening, during which she spoke of the need to support the financial sector to drive British growth, back riskier assets in the tech industry and, of course, the government’s mission to remove the barriers of red tape holding back industry. There had been plenty ... Read more ›
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Numan, a digital platform offering healthcare support, has extended its Series B round with a $60m (£44.7m) investment. The new funding comes at a period of rapid growth for the health tech, which recently doubled its year-on-year revenue to $90m (£67.2m). Numan’s digital health platform includes consultations with clinicians, medication prescriptions, behavioural health coaching and ... Read more ›
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A new government initiative to back tech entrepreneurs outside of London has launched, supported by £1m of funding. The Regional Tech Booster Programme from the Department for Science, Innovation and Technology (DSIT), aims to close the gap between the UK capital and the country’s other tech ecosystems. The programme hopes to support tech clusters and ... Read more ›
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Chancellor Rachel Reeves has named Oliver Holbourn, the former chief executive officer of RBS International, as the new head of the UK’s National Wealth Fund. The government-owned investment group was launched by in October 2024 with a funding commitment of £2.5bn. Reeves has since set new priorities for the National Wealth Fund, backed by £5.8bn ... Read more ›
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The number of new UK tech company incorporations reached a record high in the second quarter of the year, according to new figures. Analysis from consulting firm RSM UK found that a total of 14,262 new tech companies were incorporated last quarter, a 16% surge from the same period last year and a quarter-on-quarter rise ... Read more ›
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Applied Computing, a British tech firm developing AI models for the energy industry, has appointed a long-serving executive at oil and gas giant Shell as its president. Dan Jeavons, a veteran of the energy sector, spent almost 20 years at Shell, most recently serving as its VP of computational science and digital innovation and IT ... Read more ›
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Tech-focused property developer Bruntwood SciTech has completed the construction of No.3 Circle Square, an £87m workspace in Manchester’s knowledge quarter. The 15-storey, 267,000 sq ft space will house local technology firms and major international businesses. Digital automotive marketplace Auto Trader, comms giant Havas and sportswear brand PUMA have all announced plans to move to No.3 ... Read more ›
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Laka, a London-based insurtech business specialising in green mobility, has announced a Series B fundraise of £7.7m. The firm provides insurance services across a variety of sustainable transport methods, with its flagship product covering bikes, e-bikes and e-cargo bikes. Laka offers a collective-driven insurance model, meaning each month’s claims are shared amongst its collective of ... Read more ›
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The UK’s financial markets regulator has announced a series of reforms to reduce the time and costs associated with British firms raising growth capital. The Financial Conduct Authority (FCA) said its new rules will widen access to investment opportunities for consumers and reduce the burden on companies. Among the suite of measures announced by the ... Read more ›
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In an exclusive interview on the UKTN Podcast, Technology Secretary Peter Kyle claimed the UK will be able to “overtake America” in many areas of tech after reforms to the regulatory system are implemented. Kyle claimed the government was creating “the best regulatory environment in Europe”, in response to criticisms from the tech industry that ... Read more ›
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This week’s podcast guest is Peter Kyle, Secretary of State for the Department for Science, Innovation and Technology. Kyle discusses the enormous challenge of transforming government services for the automated digital age, how the government plans to create millions of skilled AI workers and Labour’s hands on approach to the tech sector. Kyle was given ... Read more ›
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The Department for Transport has announced a new £63m investment package to support the construction and adoption of electric vehicle (EV) infrastructure across the country. The funding will support the rollout of low-cost at-home charging for households without driveways. The department has set aside £25m for local authorities to expand access to at-home charging facilities ... Read more ›
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Ahead of her Mansion House speech, Chancellor Rachel Reeves has been warned against mandating pension assets towards risk capital by an influential investor and Bank of England director. Dame Anne Glover, co-founder and chief executive of Amadeus Capital Partners and non-executive director at the Bank of England, said that current efforts to ensure funds go ... Read more ›
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14.05.2026 00:43
Last update: 00:35 EDT.
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