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Luxury fashion game Drest accelerates its growth with £15M funding round
Jun 21

Jun 21 Luxury fashion game Drest accelerates its growth with £15M funding round

Startup News
News

The funding reinforces DREST’s status as the premium fashion gaming experience, allowing the company to build on its strong momentum.

Bank of America to join one of the world’s largest sustainable aviation fuel (SAF) programs
Jun 21

Jun 21 Bank of America to join one of the world’s largest sustainable aviation fuel (SAF) programs

Startup News
News

American Express Global Business Travel (Amex GBT), the world’s leading B2B travel platform, and Shell Aviation today announced that Bank of America is the first financial institution to join their sustainable aviation fuel (SAF) program.

Big Issue Founder addresses social entrepreneurs in the North West to celebrate successes of £25 million fund tackling inequity
Jun 21

Jun 21 Big Issue Founder addresses social entrepreneurs in the North West to celebrate successes of £25 million fund tackling inequity

Startup News
News

DWRM is a social enterprise that works with universities to offer degree courses to facilitate prisoner rehabilitation and has received £150,000 in investment from the Fund.

RezKit, the SaaS booking platform for travel companies, secures £250,000 investment
Jun 21

Jun 21 RezKit, the SaaS booking platform for travel companies, secures £250,000 investment

Startup News
News

The company was created to address what it believes is a decades-long issue within the travel industry, where ‘bloated’ legacy systems prove difficult to integrate.

Laundryheap acquires France’s Wast as it expands continental presence
Jun 21

Jun 21 Laundryheap acquires France’s Wast as it expands continental presence

Startup News
News

Laundryheap was founded in London in 2014 by Deyan Dimitrov, Mayur Bommai and Ruxandra Lica. The team bootstrapped the business for the first three years, refining their model and plotting a path to sustainable growth, before raising strategic institutional finance in 2017.

British Business Banks Start Up Loans Programme unveils Virgin Startup and BizBritain as business support partners
Jun 21

Jun 21 British Business Banks Start Up Loans Programme unveils Virgin Startup and BizBritain as business support partners

Startup News
News

The Start Up Loans scheme delivers finance to small businesses through its partners at a fixed interest rate of 6% and provides mentoring to recipients.

Big Issue Recruit and C&C Group partner together to change people’s lives by creating impactful employment opportunities
Jun 20

Jun 20 Big Issue Recruit and C&C Group partner together to change people’s lives by creating impactful employment opportunities

Startup News
News

As part of its ongoing commitment to support the communities it serves across the UK and Ireland, leading drinks manufacturer and distributor C&C Group (‘C&C’) has welcomed six new colleagues as part of a dedicated employment pathway with Big Issue Recruit, aiming to impactfully change lives through enterprise.

ICO urges organisations to harness the power of data safely by using privacy enhancing technologies
Jun 20

Jun 20 ICO urges organisations to harness the power of data safely by using privacy enhancing technologies

Startup News
News

PETs can be used to share anonymised personal information to detect and prevent financial crimes and related harms such as fraud, money laundering, and cybercrimes.

National Insurance burden costs UK employers £103bn
Jun 20

Jun 20 National Insurance burden costs UK employers £103bn

Startup News
News

The total cost of NIC to UK employers was £103bn in 2022/23 according to the  latest HMRC tax receipts data, up from £72bn in 2017/18.

Consumers increasing focus on company ethics during current economic downturn
Jun 20

Jun 20 Consumers increasing focus on company ethics during current economic downturn

Startup News
News

Businesses hoping to ride out the economic downturn by reducing customer service or ditching their environmental and social commitments may find themselves punished by consumers.

Storyteq acquires Pixelz.ai to accelerate brand compliant Generative AI
Jun 20

Jun 20 Storyteq acquires Pixelz.ai to accelerate brand compliant Generative AI

Startup News
News

Storyteq, the technology arm of Inspired Thinking Group (ITG), has acquired Pixelz.ai to bolster their R&D team and accelerate their generative AI capabilities.

PR agency announces menstrual, menopause and miscarriage leave policy
Jun 20

Jun 20 PR agency announces menstrual, menopause and miscarriage leave policy

Startup News
News

The feel-good PR agency’s policy entitles employees to paid leave for menstruation, menopause and miscarriage, in addition to the firm’s existing sick leave entitlements.

Cimple wins Innovate UK Grant to develop ethical AI
Jun 20

Jun 20 Cimple wins Innovate UK Grant to develop ethical AI

Startup News
News

This funding will enable Cimple to undertake a three-month study into the use of artificial intelligence and machine learning to help improve outcomes for Small and Medium Enterprises with Government contracting.

FundMyPitch raises £5.7m to fuel SME growth
Jun 20

Jun 20 FundMyPitch raises £5.7m to fuel SME growth

Startup News
News

The company, founded by entrepreneur Steven Mooney in 2022, has seen a rapid increase in user base. FMP now has 3,460 registered users - of this figure 941 are listed as businesses seeking investment, with the remaining 2,519 listed as investors.

Cleantech company, Exergyn creates 15 new roles in sustainability on back of UK expansion
Jun 20

Jun 20 Cleantech company, Exergyn creates 15 new roles in sustainability on back of UK expansion

Startup News
News

Exergyn invested £500,000 in the new centre, redesigning it for its new purpose, which will indirectly support more jobs in the region, and allow the company to benefit from an established solid supply chain network.

Kognic announces new hires to bolster senior leadership team
Jun 20

Jun 20 Kognic announces new hires to bolster senior leadership team

Startup News
News

Kognic, announces the appointments of Przemek Sienkiewicz as Chief Revenue Officer, Steven Spieczny as Vice President of Marketing and Peter Sunna as Vice President of Product.

Azets acquires Gorilla Accounting to bolster digital offering
Jun 20

Jun 20 Azets acquires Gorilla Accounting to bolster digital offering

Startup News
News

Azets identified Gorilla Accounting as a leading, digital-first accountancy firm, with experience and ambition. Both firms share strong alignment in values and focus on providing quality service.

Decline in UK Food and Drink manufacturing input costs mark first drop since 2016
Jun 20

Jun 20 Decline in UK Food and Drink manufacturing input costs mark first drop since 2016

Startup News
News

UK food and drink manufacturers’ costs fell for the first time in more than seven years in May, according to the Lloyds Bank UK Sector Tracker, providing reason for optimism around future UK food price inflation.

Hubbub announces new £200,000 fund to encourage creative solutions to tackling food waste
Jun 20

Jun 20 Hubbub announces new £200,000 fund to encourage creative solutions to tackling food waste

Startup News
News

Small businesses, social enterprises, charities, local authorities and universities can apply for a grant of £40,000 to support ideas that are ready to test, or concepts that have been tested and are ready to progress further.

Damian Hopkins named in King Charles III’s Birthday Honours List with a CBE for services to retail
Jun 19

Jun 19 Damian Hopkins named in King Charles III’s Birthday Honours List with a CBE for services to retail

Startup News
News

Being awarded a CBE is the highest-ranking order of the British Empire Award, excluding a knighthood or damehood.

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