Prime Minister Rishi Sunak and Chancellor Jeremy Hunt should cut companies’ national insurance contributions and make the temporary business investment tax relief permanent, an influential think tank has argued in a radical blueprint to overhaul the UK’s tax regime. Employers’ should be subjected to a 12.8 per cent national insurance levy, one percentage point lower […]
Healthy foods business Foodhak is successfully designing nutritious meals by using generative AI to process the results of more than 200,000 clinical health trials, it has announced. In a world first, the trailblazing company is now at the forefront of utilising state-of-the-art artificial intelligence techniques to perfect its foods which have medicinal benefits. It has […]
Moneyshake a leading car leasing comparison company based in Keele, announced today that its founders and early-stage investors have reinvested £250,000 in the company. This significant reinvestment comes after a strong year-on-year growth, particularly over the last six months. The company will utilise the additional capital investment to further expand Moneyshake’s brand presence and accelerate […]
Ryan Reynolds and Rob McElhenney have expanded their sporting portfolio by investing in Oxfordshire-based Formula One team Alpine Racing. The Hollywood stars and co-owners of Wrexham are part of a $200m (approximately £157m) investment, representing a 24% stake in the team, who sit fifth in the constructors’ championship. Reynolds’ Maximum Effort production company has teamed […]
A luxury bedding brand with sustainability at its core has officially closed its first round of fundraising via Seedrs, having secured impressive funding of over £220,000 from 271 investors. Led by frontman and young entrepreneur James Higgins, Ethical Bedding is dedicated to ethical, sustainable and meaningful business. Following his recent appearance on BBC’s business reality […]
Exergyn, an industry-leading cleantech company, has today announced the creation of 15 new roles in line with the opening of its new office in Rugby, Eastern Warwickshire. Exergyn invested £500,000 in the new centre, redesigning it for its new purpose, which will indirectly support more jobs in the region, and allow the company to benefit […]
An Innovate UK-backed biotech company has achieved a pioneering biocomputer breakthrough which is accelerating the development and manufacture of cheaper drugs and vaccines. BiologIC Technologies, inventor of the world’s first biocomputer, has developed 3D printed ‘lab-on-a-chip’ platforms – miniaturised devices that integrate multiple laboratory functions onto a single chip. These enable faster, more efficient, and […]
Former professional footballer and current television pundit Rio Ferdinand has announced his investment in the Manchester-based tech platform, DeliveryApp, a move that signifies a huge milestone for the team and the business as a whole. An already passionate investor in the technology market, Rio aims to support DeliveryApp’s brand scale and awareness, drive revenue growth […]
Double Dutch, the producers of award-winning premium mixers and tonics, has announced the completion of its latest funding round, securing £4m investment. The news comes after the female-founded brand grew distribution by 63% in the last year alone. As the market player with the fastest volume growth in category, the premium drinks brand has completed […]
A guarantee from UK Export Finance (UKEF) has provided Northern Ireland-based bus manufacturer Wrightbus with £50 million in financing to support its ambitious exporting strategy. This Export Development Guarantee sees the UK’s export credit agency guarantee 80 percent of the loan from Barclays Bank. This financing builds on previous government support announced last year, helping […]