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3rd June 2020

Navenio lands Innovate UK investment to improve hospital patient care

Navenio, the healthcare scale-up whose location-based technology has been shown to double the throughput of hospital teams, has received c. £50k from the UK government and Innovate UK, the UK’s innovation agency, as part of a government boost for cutting-edge companies. 

3rd June 2020

Specialist SME funder Reparo Finance makes senior appointment

Business lender Reparo Finance is further strengthening its team with the appointment of Daniel Jones as business development manager covering the South West and South East as the firm builds its presence across the UK.

 

3rd June 2020

Climeworks raises CHF73 million, the largest ever private investment into direct air capture

Climeworks has successfully raised CHF 73 million (USD 75 million) in equity from private investors.  This is the largest private investment into direct air capture to date. The funding will help to drive forward the company’s scale-up roadmap and expand its carbon dioxide removal capacities.

Although the world is struck by a global pandemic, the urgency of the climate crisis does not subside. Investment in the large-scale deployment of climate solutions provides the opportunity to stimulate economies and build a more resilient world – meaning every dollar invested works harder, bringing additional benefit.

2nd June 2020

Tech Nation appoints Stephen Kelly as Chair

Tech Nation, the UK’s leading growth platform for tech companies and leaders, has appointed Stephen Kelly as the new Chair.  Stephen Kelly succeeds Eileen Burbidge MBE who has served as Chair since 2015.

2nd June 2020

MEIF Debt Fund announces new team for £40 million

Following the launch earlier this year of a further £40million MEIF Debt Fund by the British Business Bank, appointed fund manager, The FSE Group, is revealing the team managing the fund.

2nd June 2020

Service Robotics eyes growth with £300k equity support from CIOSIF

Service Robotics Limited, a health and wellbeing business focusing on supporting the vulnerable and elderly through innovative technology, has raised £600,000 in their latest funding round. The funding includes a £300,000 equity investment from the Cornwall & Isles of Scilly Investment Fund (CIOSIF) and investment from Britbots and the Enterprise 100 Angel Investment Club.  The company has created an intelligent companion robot that will assist the elderly via patient-centred interactions. GenieConnect® helps users by providing companionship and support by offering services such as prescription management, medication reminders, daily welfare checks, video calls and music entertainment.

2nd June 2020

Agxio secures £750,000 to scale AgriTech innovation and AI across UK

 Aberystwyth based Agxio has completed a £750,000 equity investment round to support the development of advanced data science and AI solutions in agri-tech and agri-fintech.

The £750,000 investment comes from a mix of existing investors and the Development Bank of Wales plus match funding from new professional investors.

2nd June 2020

Inflexion exits investment in Glide

Inflexion has sold Glide, the UK’s leading provider of infrastructure to difficult to serve markets, like high-density accommodation, to US infrastructure investor Alinda Capital. The sale follows a six-year period of transformational growth for the business, which became the clear UK market leader during its partnership with Inflexion.

1st June 2020

Lenders fund £27.5bn of coronavirus business support

Lenders have approved £27.5bn of emergency finance to businesses during the coronavirus crisis with most coming from the bounce back loans scheme, government figures show, according to a report by Peer2Peer Finance News. Treasury data as of 24 May showed more than 650,000 businesses have accessed coronavirus-linked finance schemes. The coronavirus business interruption loans scheme (CBILS), which launched in April offering loans worth up to £5m, has provided £8.1bn of finance to 43,045 businesses out of 84,607 applications. This is an approval rate of 50.8 per cent.

1st June 2020

DSW Angels targets £10m investment as BBI increases funding

DSW Angels - the business angel network focused on UK regional scale-up companies - is planning  £10m of new investment over the next 12 months to help support the post-Covid recovery.

The network – which closed its largest investment at the start of the lockdown with a £1.7m funding round for One Utility Bill - has since seen an enhanced flow of new enquiries from quality businesses and has a strong pipeline of new investments.

1st June 2020

R&D in the Oxford-Cambridge arc provides hope for science & tech

Delving into how the Oxford-Cambridge Arc is performing during the current climate, Sue Foxley, Research Director at Bidwells shares insight into how R&D collaboration in the arc offers hope after the crisis is over.

1st June 2020

BGF donates £100,000 to charities impacted by coronavirus

BGF is to make donations totalling £100,000 to support local community-based charities across the UK & Ireland following the onset of Coronavirus. Covid-19 has created immense challenges, especially for vulnerable groups. As a regional business, active in different local economies, BGF recognises the need for increased support to local charities, many of whom are operating without the safety nets of their broader networks. It is estimated that fundraising for UK charities may fall as much as 40% in 2020.

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