Creative UK has launched a new creative industries investment fund to support the UK’s ambitions to grow the sector by £50bn and create one million extra creative jobs by 2030. The £35m Creative Growth Finance II (CGF II) fund will provide the investment needed to meet the targets set out in the UK government and […]
Britain’s last remaining manufacturer of alloy wheels has been rescued by a 21-year-old who is also vying to buy Morecambe Football Club. West Bromwich-based Rimstock, which makes forged wheels for luxury marques including Aston Martin and Bentley, has been bought out of administration by Sarb Capital, the investment vehicle of Sarbjot Singh Johal. The financial […]
Navenio, the UK location tech scaleup, has today announced its £5m million investment to help revolutionise healthcare efficiency worldwide. The round was led by Oxford Science Enterprises, and saw Navenio’s existing investors, including G.K. Goh Ventures, Big Pi Ventures, George Robinson, and the University of Oxford, participate. Navenio’s technology streamlines patient care logistics within complex healthcare environments, optimising […]
Awell, a digital health platform to build, operate and continuously improve clinical workflows, has secured $5m in seed funding. The round was led by Octopus Ventures, with additional participation from S16, and angel investors including healthcare veteran Lord David Prior, former chair of the UK’s National Health Service (NHS). Awell is used by clinicians to […]
Cornish Lithium, a pioneering mining exploration company working towards securing a domestic supply of battery-grade lithium compounds, has already raised £2.5m through existing shareholders in its latest crowdfunding campaign and is now offering shares to the wider public. With an offer of up to £6.9 million, the campaign is an opportunity for existing and new investors […]
Maz Darvish has announced he has left his role as Chief Transformation Officer at Sweatband.com, the company he co-founded in 2000, and has launched an e-commerce focussed AI-Technology business named CognitionHub.com With a track record of founding, scaling, and successfully exiting multiple e-commerce and digital marketing businesses, Darvish will serve as the Chief Executive Officer […]
The UK’s innovation agency, Innovate UK, has announced a £6.6m investment in research projects which aim to help build a stronger supply chain of the critical minerals we rely on everyday. The Critical Materials for Magnets Competition is part of the CLIMATES programme, announced in February, which committed £15m of government funding for cutting-edge research […]
The UK’s climate tech sector could receive a £4bn investment from Qatar as the Middle Eastern nation looks to establish a green energy research facility in southern England. Funded by the Qatar Foundation, the university-style facility will also be supported by a partnership with Rolls Royce. From the overall investment £1.5bn will be designated for […]
Twitter owner Elon Musk is among top business leaders expected to be invited to Rishi Sunak’s global investment summit this autumn. Tesla boss Musk – who recently bought and renamed Twitter as X – is among figures including Amazon founder Jeff Bezos who officials are keen to see attend the summit, according to Sky News. […]
UK FinTech Growth Partners LLP has unveiled the FinTech Growth Fund, backed by Barclays, NatWest, Mastercard, London Stock Exchange Group and Peel Hunt. It promises to invest in UK FinTechs, predominantly between Series B and pre-IPO, to enable them to scale into world-class global organisations. The idea for the fund grew out of the landmark […]