Coventry-based Maeving, the British electric motorbike manufacturer, has raised £8 million in new funding to expand production, accelerate overseas sales and develop new models aimed at commuters and women riders.
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UK AI investment hits record £2.9bn as Britain strengthens global leadership
British AI companies attracted £2.9bn in investment in 2024, putting the UK second only to the US and ahead of China. Government unveils new AI assurance roadmap and funding to boost trust, jobs and growth.
UK creative industries secure record £2.4bn in tax reliefs
HMRC data shows the UK’s creative industries received £2.4bn in tax reliefs in 2023/24, a 10% rise on last year. High-end TV led the way with £1.1bn, while theatre, orchestras and video games all saw sharp increases.
Barclays exits Entercard joint venture with £200m sale to Swedbank
Barclays has sold its stake in Nordic consumer credit group Entercard to partner Swedbank for £200m, releasing £900m of risk-weighted assets as it continues to shed non-core operations.
National Wealth Fund commits £200m to UK battery storage push
The UK’s National Wealth Fund will invest up to £200m in battery storage developer Eelpower, alongside Equitix and Aware Super, to accelerate grid-scale storage and help meet clean power targets.
Starling Bank makes first acquisition in four years with Ember fintech deal
Starling Bank has acquired London-based fintech Ember, the digital tax and bookkeeping platform for SMEs, as it prepares to integrate Making Tax Digital tools ahead of HMRC’s 2026 deadline.
Oxford spin-out OrganOx sold to Japan’s Terumo in $1.5bn deal
Oxford University spin-out OrganOx, developer of pioneering transplant technology, has been sold to Japanese medical giant Terumo for $1.5bn in one of the UK’s biggest medtech deals.
Cambridge unveils first SPARK incubator cohort of 24 startups
King’s College, Cambridge has revealed the 24 startups selected for its first-ever incubator programme, SPARK 1.0, an initiative designed to turn research-backed ideas from students and alumni into investable companies.
Sales and profits jump at Coleen Rooney-backed Applied Nutrition
Protein shake maker exceeds forecasts in its first year as a listed company, lifting JD Sports shares
UK biostimulant startup SugaROx raises £1m to fast-track crop trials
Backed by fertiliser giant Mosaic, the Oxford-based venture accelerates field testing of its precision biostimulant technology
WH Davis secures €44m export deal and plans 25% workforce expansion
Government-backed finance helps UK’s last independent rail wagon maker win Irish order
Maven backs laser optics pioneer PowerPhotonic with £2.6m investment
Maven Capital Partners has invested £2.6 million in PowerPhotonic, the precision optics specialist whose technology underpins high-power laser systems used in aerospace, defence, healthcare and semiconductor manufacturing.
Evelyn Partners tipped for £2bn sale as private equity owners prepare auction
Wealth manager Evelyn Partners, which oversees £63bn in assets for 150,000 UK families, is set to be sold for more than £2bn, with NatWest, RBC and Raymond James among potential bidders.
Six by Nico launches ‘Six by You’ crowdfund, raising £1.75m in early access
Immersive dining brand Six by Nico has launched its ‘Six by You’ crowdfund, offering community members equity, dining rewards and a say in the brand’s future for a £360 investment.
Pasta Evangelists to open 100 UK restaurants creating up to 1,500 jobs
Pasta Evangelists will invest £30m with franchise partners to open 100 restaurants in five years, creating 1,500 jobs and launching a potential ‘Pasta Apprenticeship’ scheme.
