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South West entrepreneurs receive £66m in funding from government scheme

Business owners in the South West have received more £66m from the government's Start Up Loans programme since it was launched in 2012, new figures reveal.

According to the British Business Bank, the state-owned development bank that runs the programme, entrepreneurs across the region have received 7,487 loans in the past nine years. However, at 9% of the total, it is significantly...

'More education' needed to increase crucial funding source for South West start-ups

Start-ups are being starved of a crucial stream of funding because financial advisers are reluctant to recommend their clients invest in products seen as risky investments, a new report claims.

The Seed Enterprise Investment Scheme encourages investors to back early-stage, high-concept businesses by offering generous levels of tax reliefs to compensate for the risks that associated...

Perceptual Robotics raises £1.6m in new funding round

A start-up founded at the University of Bristol has raised £1.6m to fund its growth in the fast-growing renewable energy market.

Perceptual Robotics , which uses drones, advanced robotics and machine learning to provide fully autonomous inspections of infrastructure, starting with wind turbines, has received the funding from the venture capital fund TSP Ventures, impact investment...

Female entrepreneur

Competition opens to support female entrepreneurs from across the UK

Innovate UK , as part of UK Research and Innovation , today opens the Women in Innovation Awards 2021/22.

20 female entrepreneurs across the UK will be selected for the award, which consists of a £50,000 grant and a bespoke package of mentoring, coaching and business support.

The aim of this competition is to find women with exciting, innovative ideas and ambitious plans...

South West tech firms raise £176m in July

Tech businesses in the South West raised £176m in equity funding in July, according to figures from techSPARK.

The investment almost doubled the equity funding raised during June and suggests the region's most promising startups and scaleups are in strong health despite the economic uncertainty caused by 18 months of the coronavirus.

Among those to raise eye-catching...

Prime minister urges pension funds to invest in start-ups to create "big bang"

Britain's pension funds have been urged by the prime minister and chancellor to invest in start-ups to create an "investment big bang" that will boost the economic recovery from the coronavirus pandemic.

In an open letter to the finance industry, Boris Johnson and Rishi Sunak said funds should consider "investing a greater proportion of their capital in long-term UK assets", such as...

A close-up of a female scientist

Women in Innovation Awards 2021/22 set to open

The Women in Innovation Awards 2021/22 funding competition opens on Monday 23 August 2021.

Women with exciting, innovative ideas who will inspire others can apply for a £50,000 grant and bespoke business support.

Innovate UK , as part of UK Research and Innovation, is offering at least 20 Women in Innovation Awards to female entrepreneurs across the UK. The winners will...

A rocket launching

£1.5 million fund launched for UK space tech

The UK Space Agency has announced new funding to support ambitious plans for the exploration of space.

Proposals could include ideas such as the utilisation of resources beyond Earth’s atmosphere, the use of nuclear power in space or the exploration the Moon, and Mars.

The funding call, which is part of the UK Space Agency’s Space Exploration programme, invites the space...

A catamaran from above

RD&I funding announced for newcomers to marine tech

Marine-i has announced research, development and innovation (RD&I) support for businesses that are newcomers to the marine sector.

Part-funded by the European Regional Development Fund, Marine-i is designed to help the marine tech sector in Cornwall and the Isles of Scilly grow through harnessing the full potential of research and innovation.

The programme brings...

Technology Colleagues

Future Fund: Breakthrough breaks free

This is a guest post from Bishop Fleming , a Top 30 accounting firm in the UK and an award winning tax practice.

As announced in the Spring 2021 Budget , a new £375m Future Fund: Breakthrough scheme has been launched to help support high growth, innovative and R&D intensive firms.

The scheme allows the government to co-invest with private investors to help scale-up...