Four standout teams have been crowned winners of the Isle of Man Innovation Challenge 2025, following a global competition showcasing cutting-edge solutions in cleantech, data and AI, fintech, and sustainability. Now in its third year, the Innovation Challenge attracted over 100 entrants from more than 20 countries, with 14 finalists selected to take part in […]
Metro Bank has received a takeover approach from private equity firm Pollen Street Capital, in a move that may see the high street lender taken private and intensify concerns about the shrinking roster of companies listed on the London Stock Exchange. The approach, made within the past fortnight, has not yet resulted in a formal […]
Pod Point, one of the UK’s early pioneers in electric vehicle charging, has been acquired by French energy giant EDF for just £10.3 million, marking a dramatic fall from its £352 million valuation when it floated on the London Stock Exchange in 2021. The deal, announced alongside full-year results, sees EDF offer 6.5p per share, […]
Sir Keir Starmer has unveiled a £1 billion investment package aimed at scaling up the UK’s computing power twentyfold, in a major push to solidify Britain’s status as a global technology and artificial intelligence leader. Opening London Tech Week this morning, the prime minister said the investment would form part of the government’s long-term ambition […]
Electric vehicle charge point operator Believ has secured £300 million in funding to install at least 30,000 public EV chargers across the UK, in a move that cements its position as one of the country’s best-backed providers and significantly boosts Britain’s charging infrastructure. The investment—led by Believ’s joint owners Liberty Global and Zouk Capital, along […]
A legal tech startup helping workers represent themselves in employment disputes has secured £2 million in fresh funding, as investors prepare for a likely surge in workplace grievances under the Labour government’s incoming reforms. Valla, the Edinburgh-based platform founded in 2022, has been backed by venture capital firms Ada Ventures, Active Partners and Portfolio Ventures, […]
Coventry-based defence manufacturer NP Aerospace has secured a multi-million-pound funding package from NatWest, designed to support the company’s international growth and boost its exporting capacity. The finance deal includes a UK Export Finance-backed Trade Finance Facility, as well as capital investment support from Lombard, and is expected to create new jobs as the company scales […]
The British Business Bank has reached a major milestone in its mission to support smaller businesses across the UK, with more than £5 billion now delivered through its ENABLE structured guarantee programmes. Since the first transaction in 2017, the ENABLE Guarantees and ENABLE Build schemes have backed lending to a wide range of sectors — […]
UK-based cybersecurity firm ThreatSpike has raised $14 million in Series A funding to expand its mission of simplifying enterprise security through a unified, end-to-end platform. The round was led by growth equity firm Expedition Growth Capital, with key additions to ThreatSpike’s board including Will Sheldon, Partner at Expedition, and Emily Orton, co-founder of Darktrace. Founded […]
NavLive, which has newly developed an AI-powered, handheld scanning tool offering architects and construction professionals the ability to create high precision building site scans in real time, launches today with £3.3m in Seed funding. The round was led by deep tech investor OSE, with participation from SOSV, Oxford Capital Partners, Clearance Venture Partners, AE Works, […]