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Latest News:

Britain’s property tax burden is now the heaviest of any major economy
Barclays crowns Fractile and Isomorphic Labs in inaugural AI 100 as Britain’s tech race intensifies
Britain’s AI boom hits record £8.3bn as London cements European tech crown
Bookmakers ready legal challenge as Gambling Commission prepares to wave through affordability checks
Treasury wobble: Reeves poised to ditch autumn budget fuel duty hike as fairfueluk pressure tells
UK business chiefs unite to combat workplace antisemitism as Met chief warns jews ‘not safe’ in London
JCB chairman Lord Bamford warns ministers face public revolt over £333bn welfare bill
Treasury orders review into bank branch closures as small firms count the cost
Tate & Lyle weighs £2.7bn approach from US rival Ingredion
ebay rebuffs GameStop’s surprise $55.5bn swoop

Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

Litestream Ventures recorded $78.1 million (£61.5m) in non-binding investor pledges during World Economic Forum week in Davos, after hosting its fourth annual Family Office & Venture Capital Forum.

Litestream Ventures secures $78m in investor pledges at Davos forum

28 January 2026 Get Funded Amy Ingham 0 Comments

Almost £162 billion of British exports are at heightened risk because UK firms are shipping goods to markets where collecting payment is most difficult, according to new analysis.

£162bn of UK exports at risk as firms struggle to collect payments from US, China and India

28 January 2026 In Business Amy Ingham 0 Comments

OVER £2M INVESTED INTO UK NICHE VEHICLE PROJECTS Over two million has been awarded to six innovative UK niche vehicle technology projects by the Niche Vehicle Network, including one million pounds worth of government funding. The Niche Vehicle Network Production Readiness and Proof of Concept Competitions, funded by the Department of Business and Trade, via The Advanced Propulsion Centre UK (APC), provide a platform for collaborative R&D of zero tailpipe emission vehicle technologies within the UK niche vehicle sector. Today, the Network has announced that over £2m has been distributed amongst the six winning projects, including over £1m in government grant funding. Two projects have been funded through the NVN Production Readiness Competition. The Production Readiness Competition winners comprised projects led by Carbon Threesixty and Muon Tech. The Hi-DEN Gen2 project, led by Carbon Threesixty, in partnership with Antich & Sons, ULEMCO, and Riversimple Movement, will develop the design, manufacturing, integration, and testing of a conformable hydrogen storage solution to meet the growing demand for Fuel Cell Electric Vehicles and help the UK reach its net zero targets by 2050. The Hi-DEN Gen2 system targets enhanced volumetric efficiency by approaching the storage of hydrogen through arrays of “micro” hydrogen vessels that enables huge increases in storage capacity, efficiency, and vehicle range. The Hi-DEN Gen2 project will build, test and integrate on a vehicle demonstrator a functional full scale hydrogen storage system. Muon Tech will partner with Rock Engineering Limited and Househam Sprayers Limited to bring to market the VXM-35, an integrated electric drive and vehicle control unit. The VXM-35 is designed to fit tight packaging volumes, with high levels of functional safety, reliability & functionality, and will be offered to niche-vehicle OEMs with a co-engineered 35-kW PMAC motor. The plug-and-play solution is ideal for traction applications on-board light vehicles and electric power take-off (ePTO) applications on-board industrial & agricultural vehicles. The HIVED Project will aim to prepare the VXM-35 for production and demonstrate it on-board the world’s first electric crop-sprayer. A further four projects have been funded through the NVN Proof of Concept Competition. One project awarded funding was Bo Mobility, in partnership with Neave Research, with the Boped proof of concept seeking to create a fully functional demonstrator vehicle for a new and innovative omni-category lightweight e-motorcycle. Aiming to enable the niche production of highly optimised vehicles for specific use-cases: the Boped project is a response to the new era of e-mobility tearing apart the rulebook on vehicle categories and capabilities. FR8 Technology, along with FPW Axles and Volta Commercial Vehicles, will produce a demonstrator 16 Tonne rigid delivery vehicle with a low-floor, providing direct access for unloading from the truck to the footpath. Reducing the access height to the load space from a typical 1200mm to just 300mm will be achieved using a radical patent-protected drive system with an e-motor mounted remote from the wheel, driving a gear train in the suspension arm and a double epicyclic reduction at the wheelhead. Quattro Plant, in partnership with Evparts UK and Inetic, are developing a technical demonstrator of an up-cycled off-highway vehicle converting to battery electric powertrain. These vehicles will directly match their ICE equivalents in performance and duty cycle, but have zero tailpipe emissions. The fourth and final Proof of Concept project is led by Raeon, in partnership with Eclipse Performance Vehicles. The project will demonstrate a high-performance application-specific near-production-intent prototype battery, with integrated thermal management, in a high performance L5e vehicle platform. Scott Thompson, Programme Director for the Niche Vehicle Network, said: “We’re delighted to have such an exciting variety of Production Readiness and Proof of Concept projects this year, and the funding being provided to these 17 different SME businesses will be key to enabling them to advance their technology concepts and accelerate their market introduction. The range of vehicle types and technologies being funded demonstrates how important the niche vehicle sector is within the UK automotive sector, supporting the transition to net zero. We’ve got projects developing new powered light vehicles, new architectures for commercial vehicles, EV conversions of existing off-highway vehicles, systems supporting EV agricultural vehicles zero emission, battery systems and novel hydrogen storage solutions suitable for a range of vehicle types. All the projects are focussed on advancing their technology and manufacturing readiness levels, and will help to not only expand the UK low volume EV supply chain, but also creating opportunities for wider adoption in higher volume and adjacent market sectors.” Josh Denne, Head of SME Programmes, APC, said: “APC is delighted to support another cohort of Niche Vehicle Network Production Readiness Competition. This crucial competition provides grants from UK SMEs and their supply chains to take existing low carbon vehicle technologies from demonstration through to production readiness in a compressed timescale, leading to significant economic benefits whilst reducing CO2 emissions. The journey to net-zero must span the whole automotive sector, and these cutting-edge, highly innovative niche vehicle technologies will help the UK reach its climate targets.”

Amazon axes 16,000 more jobs worldwide to ‘remove bureaucracy’

28 January 202628 January 2026 News Amy Ingham 0 Comments

In a strategic move to solidify family control over the LVMH luxury conglomerate, Bernard Arnault, the world's wealthiest individual, has elevated two more of his children to the company's board of directors.

LVMH results point to prolonged pressure across the luxury market, says GlobalData

28 January 2026 News Amy Ingham 0 Comments

Nearly 600 hospitality jobs have been lost following the rescue of the Revel Collective, after administrators confirmed the closure of 21 bars across the UK.

Revolution bar group rescued but nearly 600 jobs lost as 21 sites close

28 January 2026 News Amy Ingham 0 Comments

UK businesses remained under intense financial pressure throughout 2025, with more than 28,000 insolvency-related activities recorded over the year, underlining the fragile state of the operating environment despite easing inflation.

More than 28,000 corporate insolvencies in 2025 highlight strain on UK businesses

28 January 2026 In Business Amy Ingham 0 Comments

Jaguar Land Rover (JLR) has embarked on an extensive training programme to equip thousands of mechanics with the skills needed to service electric vehicles (EVs), addressing concerns over a skills shortage that is driving up repair costs for EV drivers.

Transport Committee urges action to secure skills pipeline for UK transport manufacturing

28 January 202627 January 2026 News Amy Ingham 0 Comments

Nearly 50 Labour MPs have written to the chancellor calling for an immediate halt to a planned rise in business rates for music venues, warning that the revaluation could push many spaces to the brink of closure.

Labour MPs urge chancellor to halt business rates rise for music venues

27 January 2026 News Amy Ingham 0 Comments

The owner of Revolution Bars is preparing to enter administration, putting as many as 2,200 jobs at risk across its UK estate.

Revolution Bars owner set for administration with 2,200 jobs at risk

27 January 2026 News Amy Ingham 0 Comments

The Barbour family has paid itself a £30 million dividend after a fashion-led revival of waxed jackets helped drive a sharp increase in profits at the heritage outerwear group.

Barbour pays £30m dividend to founding family as profits jump by £10m

27 January 202627 January 2026 News Amy Ingham 0 Comments

BGF has reported a strong year of investment and exit activity in 2025, underpinned by landmark portfolio realisations, robust trading performance and continued backing for founders across the UK and Ireland.

BGF posts strong deal flow and landmark exits in 2025, returning £600m to investors

26 January 2026 Get Funded, In Business Amy Ingham 0 Comments

Graduates face fewer jobs and lower pay

One in three graduates on benefits say poor health prevents them from working

26 January 2026 News Amy Ingham 0 Comments

Gold surged past $5,000 an ounce for the first time on Monday as investors piled into safe-haven assets amid a weakening dollar, renewed currency market volatility and escalating geopolitical tensions.

Gold breaks $5,000 an ounce for first time as investors flee to safety

26 January 2026 News Amy Ingham 0 Comments

Scarlett Johansson, Cate Blanchett and hundreds of creatives have backed a new campaign accusing AI companies of stealing copyrighted work and calling for mandatory licensing deals.

Scarlett Johansson and Cate Blanchett back campaign accusing AI firms of ‘theft’

23 January 202623 January 2026 News, Technology Amy Ingham 0 Comments

The Bank of England is accelerating the expansion of its Leeds operation as part of a wider drive to cut costs, reduce headcount and overhaul its London estate.

Bank of England accelerates Leeds expansion as part of cost-cutting overhaul

23 January 2026 News Amy Ingham 0 Comments

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Reports suggest stamp duty may be replaced with a levy on homes worth more than £500,000, with London and South East owners hit hardest

Britain’s property tax burden is now the heaviest of any major economy

UK property taxes have hit 3.7% of GDP, the heaviest burden in any major economy, with business rates revaluations putting SME investment at risk, warns Ryan.

Barclays crowns Fractile and Isomorphic Labs in inaugural AI 100 as Britain’s tech race intensifies

Britain’s billionaires are voting with their feet – and the rich list proves it

JCB succession: Lord Bamford anoints younger son George as heir to £6.5bn digger empire

Britain’s AI boom hits record £8.3bn as London cements European tech crown

Bookmakers ready legal challenge as Gambling Commission prepares to wave through affordability checks

Treasury wobble: Reeves poised to ditch autumn budget fuel duty hike as fairfueluk pressure tells

UK business chiefs unite to combat workplace antisemitism as Met chief warns jews ‘not safe’ in London

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Business Energy Claims recovers £25,000 for UK chocolatier

Energy saving

Manufacturing company recovers thousands from mis-sold energy contracts

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