Advanced Television


UK puts £50m into space R&D

The UK’s Space Agency is making available £50 million (€57.5m) into space-related R&D. The cash will match individual businesses and their own investment in infrastructure projects. Would-be recipients have to apply by July 5th, and applications are now open. The Agency says that 55 per cent of the cash will be awarded to companies outside […]

May 26, 2023By Chris Forrester

Satellite Vu raises further £12.7m

Satellite Vu, the UK climate tech company, has announced their Series A2 of £12.7 million (€14.6m) bringing their total investment to £30.5 million in Venture Capital funding to accelerate its mission to provide sustainable solutions to global issues. The A2 round was led by Molten Ventures, with participation from Seraphim Space Investment Trust PLC, A/O Proptech, Lockheed […]

May 24, 2023

France to support film studio growth

French Minister of Culture Rima Abdul Malak has unveiled the results of La Grande Fabrique de l’image, a national call for projects that aims to double the country’s film studio capacity to lead 153, 000 square metres by 2030. As part of this initiative, announced at the Cannes Film Festival, €350 million in funding will […]

May 23, 2023From Pascale Paoli-Lebailly in Paris

SaxaVord Spaceport gets £139m in funding

Scotland’s SaxaVord Spaceport has secured funding to the tune of £139 million (€159.6m) to complete site development and prepare for multiple rocket launch missions. The cash comes in the form of a bond issue, and was reported to the UK parliament at a meeting on May 17th. The extra cash comes on top of £28 […]

May 23, 2023By Chris Forrester

ITV invests in PitPat

ITV is investing in pet health and wellness company PitPat and adding the company to its Media for Equity portfolio in its second investment of 2023. As part of ITV Adventures Invest, its Media for Equity investment fund, ITV has agreed to invest up to £4 million of advertising inventory across ITV’s channels and ITVX […]

May 23, 2023

£1bn boost for UK’s semiconductor sector

A new 20-year plan to secure the world-leading strengths of the UK’s semiconductor industry has been unveiled by the UK Government. The National Semiconductor Strategy sets out how up to £1 billion (€1.15bn) of government investment will boost the UK’s strengths and skills in design, R&D and compound semiconductors, while helping to grow domestic chip firms across the UK. […]

May 19, 2023By Colin Mann

£50bn boost for UK creative industries

Lucy Frazer,  Secretary of State at the Department for Culture, Media and Sports, has committed to growing the UK’s creative industries by an extra £50 billion (€57.5bn) by 2030. Addressing the Enders Analysis and Deloitte Media and Telecoms 2023 & Beyond Conference in London, Frazer noted that since taking on the brief, she had introduced […]

May 18, 2023By Colin Mann

Vice Media files for Chapter 11

Vice Media has formally filed for Chapter 11 bankruptcy protection. It is reported that the digital media and broadcasting company will now seek ‘Debtor in Possession’ financing and pursue a sale. The bankruptcy petition, filed at the Southern District of New York court, talks of debts to Fortress Credit of some $475 million (€436.7m), amongst […]

May 15, 2023By Chris Forrester

VMO2’s Shared Rural Network connectivity boost

UK multiplay operator Virgin Media O2 has delivered 4G connectivity across 50 sites as part of the Shared Rural Network (SRN) programme, providing residents, businesses and visitors in rural communities with faster and more reliable mobile coverage than ever before. The SRN is a £1 billion (€1.15bn) joint initiative between mobile network operators and the […]

May 15, 2023By Colin Mann

BBC: Extra licence fee hardship support

The BBC has announced increased support for people who are struggling to pay the TV Licence. A new action plan will aim to reduce the number of women in severe financial hardship who are prosecuted for licence fee evasion. The plan is a response to the BBC’s Gender Disparity Review, which was set up to […]

May 12, 2023By Colin Mann