Innovate UK will refocus its £1.1bn budget on high-potential startups, scaling back broad support to prioritise early-stage tech firms and drive UK economic growth. Read more: Innovate UK pivots funding to back high-growth firms and future ‘industry giants’
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The Peter Jones Foundation and FRP relaunch the UK’s National Entrepreneur of the Year competition for 2026, offering young founders grants, mentorship and national exposure. Read more: Peter Jones Foundation and FRP relaunch national entrepreneur of the year competition for 2026
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Pressure mounts on the UK government to release £2.5bn from Chelsea’s sale as ministers prepare legal action against Roman Abramovich over Ukraine war funds. Read more: Government urged to act as £2.5bn Chelsea sale funds remain frozen
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Electric vessel maker Candela secures €30m funding to scale hydrofoil ferry production as rising oil prices accelerate demand for zero-emission maritime transport. Read more: Candela raises €30m as electric ferries gain momentum amid fuel price surge
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MPs warn Treasury plans to reform the Financial Ombudsman Service could threaten its independence, raising concerns over government-appointed leadership and regulatory changes. Read more: MPs warn Treasury reforms risk undermining Financial Ombudsman independence
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Trustpilot reports £14m profit as AI-driven traffic boosts growth, with shares jumping 28% amid strong revenue and upgraded forecasts. Read more: Trustpilot profits soar as AI-driven traffic fuels sharp share price rally
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Bentley will cut 275 jobs as profits fall 42% to £187m, with the luxury carmaker citing weak demand, China slowdown and rising costs. Read more: Bentley to cut 275 jobs as profits slump amid global headwinds
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UK mid-sized firms could generate £105bn in additional revenue by 2030 through AI adoption, according to research by Cebr as HSBC launches a £5bn AI productivity finance initiative. Read more: AI adoption could unlock £105bn revenue boost for UK mid-sized firms by 2030
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Virgin StartUp has announced £20m in Start Up Loans funding for 2026/27 after surpassing £100m in total loans delivered, supporting more than 6,500 UK entrepreneurs. Read more: Virgin StartUp unveils £20m funding pot for UK founders after passing £100m Start Up Loans milestone
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Britain’s largest car park operator NCP has filed notice of intention to appoint administrators, putting more than 1,000 jobs at risk across its 800 UK parking sites. Read more: NCP faces administration as Britain’s largest car park operator files court notice
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