Jessica Nangle

5 days ago | uktech.news | Jessica Nangle

EnergyCloud, a not-for-profit social enterprise pioneering the use of surplus renewable energy to combat energy poverty, has unveiled the launch of its first project in England in collaboration with Amazon. The initiative, which will be piloted this year, will provide free hot water to households living in energy poverty by using excess renewable energy that would otherwise be wasted via an EnergyCloud-enabled smart device.

5 days ago | uktech.news | Jessica Nangle

Despite London continuing to lead the way with the highest volume for startup business activity in 2024, some of the UK’s regional hubs are proving to be fertile ground for new businesses, according to new research by SME loan platform Funding Circle. Greater Manchester, the West Midlands, Brighton and Oxford are all reporting strong new business activity figures, thanks to accelerator programmes, lower operating costs and access to top talent from regional universities.

1 week ago | uktech.news | Jessica Nangle

The £250m funding boost for aerospace tech projects unveiled by government this week will provide the industry with the “confidence and stability it needs to fuel innovation” according to Airbus UK chairman John Harrison. The funding will drive the development of greener air travel and net zero aviation, including hydrogen-powered flight and the use of laser technologies for large-scale aerostructure manufacturing.

1 week ago | uktech.news | Jessica Nangle

Two of the most prominent investors in the North of England, Scotland and Northern Ireland will be merging to create PXN Group, a new venture and investment firm with over £670m in assets under management. The merger, which is subject to regulatory clearance from the Financial Conduct Authority, will bring together Edinburgh-founded Par Equity and Manchester-based Praetura Ventures, two firms known for backing early-stage and scale-up businesses outside of London and the South East.

1 week ago | uktech.news | Jessica Nangle

The Payments Association has expressed concern on the Financial Conduct Authority’s (FCA) proposed ban on using credit cards to purchase crypto, stating that consumers “should be empowered to make informed choices within predefined credit limits”.