UKEF and K-Sure have secured support worth £367 million for South Korean manufacturer SeAH Steel Holding’s construction of a wind tech factory near Redcar, in the Tees Valley. The financing will secure inward investment which will create 750 jobs in Teesside and ensures construction of the world’s largest wind monopile factory in Redcar. Issuing its […]
Formula One stars Mika Hakkinen and David Coulthard have teamed up with a pair of entrepreneurs to launch a stock market business that allows the public to invest in ultra-rare classic cars. The duo, along with the Le Mans endurance-race winner Allan McNish, have joined the board of a start-up that will this week fire […]
Nc’nean Distillery has secured a Virgin Money funding package with the backing of UK Government department UK Export Finance (UKEF) to help the independent distillery grow in North American markets and bring its vision for sustainable, organic Scottish whisky overseas. Taking its name from Neachneohain – a Gaelic goddess known as the Queen of Spirits […]
Award-winning Afro hair care company Nylah’s Naturals has raised a £530k seed round led by Midven. The investment will come from both the Midlands Engine Investment Fund (MEIF) through the MEIF West Midlands Equity Fund and the West Midlands Co-Investment Fund, in addition to a syndicate of angel investors. Both funds are managed by Midven, […]
Following the success of last year’s inaugural Seed Capital Investment Fund, The Dyers’ Company are pleased to launch the Fund for a second year. This initiative is designed to support innovation and the commercialisation of business ideas within the colouration industry. The deadline for applications is 15th December 2023. The Dyers will consider initial equity […]
Allica Bank is offering a 50-basis point discount against its standard rates for electric vehicles to make going green more affordable Allica Bank, the challenger bank dedicated to serving Britain’s established small and medium businesses, has launched a new £10m fund to support businesses with the purchase of electric vehicles (EVs), part of a wider […]
xtype, the agile software delivery company, today announced that it has secured additional funding following a stellar year of growth in the business, having achieved 4x revenue growth over the last 14 months and a significantly increased market presence. This round was led by Columbia Capital and Innerloop Capital, and saw participation from SaaS Ventures […]
It’s a yes from him! Got Talent and X Factor creator Simon Cowell is backing a new online streaming platform, Lounges.tv, which showcases exclusive content of rising content creators and gives a new chance for their talent to be noticed and most importantly, to be more quickly financially rewarded. Cowell, who discovered some of the […]
Edinburgh-based venture capital firm Par Equity has today announced the launch of its new venture fund – Par Equity Ventures I LP. The firm has secured a first close of £67m to boost innovative technology companies with high-growth potential in the North of England, Northern Ireland and Scotland. Par Equity will continue raising capital to […]
European variable pay management leader Qobra has announced a new €10m funding round. This follows an initial fundraising round of €5m in March 2022 and remarkable adoption of the solution by major companies. The fund-raising was orchestrated by Singular, with the participation of UK group Revenue Syndicate and long-standing investor Breega. This strategic financing will […]