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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]