UK space tech start-up Magdrive is set to launch a metal-fuelled spacecraft engine from California, aiming to prove Britain’s potential as a leader in next-gen satellite propulsion.
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Metro Bank takeover approach adds to fears of London Stock Market exodus
Metro Bank has received a takeover approach from Pollen Street Capital, sparking fresh concerns over the number of companies leaving the London Stock Exchange amid rising private equity interest.
EDF buys EV charger firm Pod Point for just £10m – four years after £352m london float
French energy giant EDF has acquired EV charger company Pod Point for just £10 million, down from its £352 million IPO valuation in 2021, after a sharp drop in revenue and continued losses.
Oxford Said alumni win £700k UKRI backing to power Nigeria with clean, off-grid energy
Oxford Saïd Business School alumni secure £700k from UKRI to develop solar and wind hybrid systems for off-grid communities in Nigeria, tackling the world’s largest energy access gap.
UK defence innovation strategy opens new doors for SMEs in AI and autonomous tech
UK defence innovation strategy opens new doors for SMEs in AI and autonomous tech
Starmer pledges £1bn investment to supercharge UK tech and AI infrastructure
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.
Believ secures £300m to roll out 30,000 public EV charge points across the UK
EV charge point operator Believ secures £300m to install 30,000 public EV charge points across the UK, supporting government net-zero targets and boosting EV infrastructure.
Valla raises £2m as venture capital backs boom in employment rights claims
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.
NP Aerospace secures multi-million-pound funding from NatWest to power global expansion
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.
British Business Bank hits £5bn milestone fuelling regional growth and housebuilding
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.
Ex-military founders raise $20m to scale secure defence and disaster response platform
A tech startup founded by two British military veterans has raised $20 million to expand its secure coordination and payments platform for defence, humanitarian and disaster response teams.
Wordsmith AI becomes fastest Scottish startup to hit $100m valuation
Legal tech startup Wordsmith AI has reached a valuation of more than $100 million just 18 months after its launch — a milestone it claims is the fastest ever for a Scottish-founded technology company.
ThreatSpike raises $14M to simplify cybersecurity with unified platform
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.
AI architecture scale-up NavLive scoops £4m of funding to transform construction industry
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.
Swedish logistics platform Alrik raises €7m to build global OS for construction industry
Swedish startup Alrik has secured new investment to accelerate its mission of transforming construction logistics, raising fresh funding led by Nordic VC People Ventures and with further backing from existing investor Pi Labs.