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South West businesses boosted by £200m investment fund

Tech firms in the South West received a boost in Rishi Sunak's budget with the announcement of a £200m investment fund to support fast-growing businesses across the region.

The Chancellor announced £1.6bn in increases to regional financing programmes , including £200m to "provide a new fund for businesses in the South West of England". It is the first government fund to stretch...

A large hotel by the sea, with cliffs in the background, on a sunny day

Economic potential "wasted" across UK regions, new report finds

The South West is lagging behind other regions when it comes to opportunities for growth finance, a new report has revealed.

The British Business Bank’s first annual Regions and Nations Tracker , published today, explores the geographic patterns seen in UK smaller business finance. It reveals that more than four in ten businesses in the UK were using external finance in 2021, but a...

Insider tips: How Stratiphy smashed its crowdfunding target by 220%

Nikki Hawkes, co-founder of investment app Stratiphy , discusses the recently-closed crowdfunding campaign that saw her company raise more than £440,000 from 700 investors in 53 countries.

Stratiphy, which came through the South West’s SETsquared accelerator programme, lets users build trading strategies according to their risk appetite and sustainability criteria.


A person pitching to a room of people

Last call for applications to Silicon Gorge Autumn 2021

Applications for the 2021 Autumn edition of Silicon Gorge Investor Showcase close this week – apply to take part here .

The Investor Showcase, run by TechSPARK , is open to tech and creative companies based in the South West of England and South Wales who are looking for up to £3 million in equity funding, and will offer 12 of these the opportunity to pitch to a virtual room full of...

Plymouth Science Park building

Leading Health Technology Innovation Hub to be developed in Plymouth

A regional centre of health technology excellence will be developed in the city following a successful bid submitted to the Heart of the South West LEP by Plymouth Science Park, in partnership with the University of Plymouth , Plymouth City Council , and private sector partner, Renishaw .

Building on existing capabilities in the region, the Health Technology Innovation Hub (HTIH)...

Cas Paton, founder and CEO

Dorset-based challenger to Amazon eyes unicorn status after raising £35m

Poole-based online marketplace has announced the closing of £35 million in series A+ funding through VC and strategic technology investors.

Since its inception in 2016, OnBuy has existed to disrupt the status quo around e-commerce, taking on the industry giants that currently dominate the market. With its 'level playing field' offering, OnBuy has attracted more than 7,000...

PitchUp! screenshots

Success for region’s first StartUp Studio live pitch event

The South West's first ever StartUp Studio pitch event took place last week, with startups from across the region pitching to a panel of investors, business strategy experts and key partners.

Hosted by Tech South West, the event featured eight startups that have each taken part in the StartUp Studio accelerator programme - a new virtual accelerator for early stage tech companies in...

Isles of Scilly from the air

Isles of Scilly drone trial secures £200,000 funding

A pilot project which will see commercial drones making daily deliveries to the Isles of Scilly will take off later this year.

According to the Isles of Scilly Travel website , the pioneering partnership between the Isles of Scilly Steamship Company and unmanned aerial systems (UAS) experts Flylogix has secured £200,000 of grant funding from Aerospace Cornwall to run the project....

SETsquared companies raise record £616m in 2020

Member companies at one of the South West's most prominent incubators of tech businesses raised an astonishing £616m in investment last year, an increase of 40% on the 2019 figure.

Despite the coronavirus pandemic, members of SETsquared , which has partnerships with the universities of Bath, Bristol and Exeter, raised record levels of investment in 2020. Private investment accounted...