Project A, a technology-focused venture capital firm with offices in London and Berlin, has secured £278m to launch its next investment fund. Fund V, which increases the firm’s total assets under management to £1.03bn, will target European startups at the pre-seed and seed stage. The firm claims to have particular sectoral expertise in fintech, global ... Read more ›
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The Competition and Market’s Authority (CMA) has made a major step in addressing the vast online search market dominance held by Google after receiving new regulatory powers. The competition regulator, having completed an initial investigation to determine the extent of Google’s control of the search market, has proposed designating the tech giant as having Strategic ... Read more ›
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London-based fintech giant Revolut has named Béatrice Cossa-Dumurgier, a former executive at BNP Paribas, as the chief executive of its Paris-based Western European operations. Revolut opened its continental European HQ in Paris back in May to serve as a second hub for its business in the European Union alongside its regulated entity in Lithuania. The ... Read more ›
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This week’s podcast guest is Elena Pantazi, a partner at Northzone, who discusses the challenges founders have managing startups in a fluctuating industry, why the UK might not need to compare itself to Silicon Valley and how VCs can unfortunately treat male founders very differently to women. Northzone is a multi-stage venture capital fund based ... Read more ›
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The Competition and Markets Authority (CMA) is investigating the anticipated acquisition of Shutterstock for £2.9bn by Getty Images to determine its impact on the stock image market. The UK’s competition regulator said on Monday it was looking into whether the merger would hand Getty an unfair monopoly in the stock image market and therefore risk ... Read more ›
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The Getty Images v. Stability AI case currently before the High Court in London is fast becoming a defining moment in the legal evolution of AI. At its heart is a fundamental question: should AI be permitted to train on copyrighted material without permission? The outcome could help shape the global standards around how innovation, ... Read more ›
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The government has unveiled its new Industrial Strategy, a long-term plan that aims to revitalise the economy and provide support and confidence to businesses in key growth sectors. The strategy includes reducing green energy levies on select manufacturing industries to lower the cost of bills, investments in new training and apprenticeship schemes and additional funding ... Read more ›
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EnergyCloud, a not-for-profit social enterprise pioneering the use of surplus renewable energy to combat energy poverty, has unveiled the launch of its first project in England in collaboration with Amazon. The initiative, which will be piloted this year, will provide free hot water to households living in energy poverty by using excess renewable energy that ... Read more ›
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Despite London continuing to lead the way with the highest volume for startup business activity in 2024, some of the UK’s regional hubs are proving to be fertile ground for new businesses, according to new research by SME loan platform Funding Circle. Greater Manchester, the West Midlands, Brighton and Oxford are all reporting strong new ... Read more ›
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The government has launched a Global Talent Taskforce to draw high-skilled tech workers and researchers to the UK as part of its new Industrial Strategy. Announced by the Department for Science, Innovation and Technology (DSIT), the taskforce has been given £54m to help the UK compete for the highest skilled workers internationally. Targeting researchers, entrepreneurs, ... Read more ›
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The Department for Business and Trade has granted the British Business Bank an additional £6.6bn of capital to invest in UK-based startups. Chancellor Rachel Reeves recently announced in her Spending Review that the British Business Bank, one of the largest investors in small businesses in the UK, would receive increased “financial firepower” as part of ... Read more ›
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The UK’s plan to designate AI Growth Zones may not be beneficial to the wider economy, warned Séamus Dunne, SVP managing director for UK and Ireland at Digital Realty. AI Growth Zones is a concept that originated from the government’s AI Opportunities Action Plan which called for targeted action in a handful of regions to ... Read more ›
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Harwell-based space tech group Magdrive is set to launch its new electric plasma propulsion thruster for its first in-orbit demonstration. The ‘Going Rogue’ mission launch, expected to take place on Saturday 21 May, will test Magdrive’s Rogue thruster, which it describes as a radically new propulsion system that uses solid metal turned into fuel to ... Read more ›
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This week’s UK tech funding deals include banking service provider Aspora, AI legal tech CaseCraft.AI and more. UKTN tracked £40.37m worth of UK tech investment this week (16 June to 20 June), a 42% week-on-week decrease across four funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Aspora – £39m Sector: Fintech HQ: London ... Read more ›
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Matt Clifford, the founder of Entrepreneurs First who has been a key figure in the previous two government’s AI policy, has announced he will be stepping back as the prime minister’s AI advisor at the end of July. Announced on LinkedIn, Clifford said he is ending his “tour of duty” for personal reasons, notably to ... Read more ›
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The £250m funding boost for aerospace tech projects unveiled by government this week will provide the industry with the “confidence and stability it needs to fuel innovation” according to Airbus UK chairman John Harrison. The funding will drive the development of greener air travel and net zero aviation, including hydrogen-powered flight and the use of ... Read more ›
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Dr Sonia Szamocki is a former NHS doctor and the founder and chief executive of 32co, a healthcare platform trying to improve patient access to specialist treatments by connecting clinicians to specialists across the UK. In this week’s Founder in Five Q&A, Szamocki discusses the importance of taking (harsh) criticism, why health tech is such a ... Read more ›
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The UK data regulator’s £2.31m fine issued to gene testing company 23andMe has been described by one industry commentator as “substantial but justified” due to the firm’s breach of “the most basic security practices”. This week, the Information Commissioner’s Office (ICO) issued 23andMe, known for its popular personal DNA history tests, a fine for failing ... Read more ›
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Catalyst, a non-profit science and technology hub in Belfast, has announced the appointment of Sir David Sterling to its board. Sterling spent decades in the Northern Irish Civil Service, becoming its highest-ranking officer in 2017 before stepping down in 2020. He will support the work of Catalyst, which provides workspaces, mentorship and networking opportunities to ... Read more ›
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A recent cyber attack on Oxford City Council has showcased how at risk local authorities are from cybercriminals, according to cybersecurity solution Hackuity. The attack, which took place on 7 and 8 June, saw an unauthorised presence breach the council’s network. “Local authorities remain high-value targets for cybercriminals,” said Sylvain Cortes, Hackuity’s VP of strategy. ... Read more ›
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14.05.2026 04:26
Last update: 04:20 EDT.
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