The UK government has invested £20 million (€23.8m) for an equity stake in Orbex Space, a start-up rocket launcher. This current round of fund-raising (the ‘D’ round) has also seen cash put up by Denmark’s EIFO fund, as well as Octopus Ventures and others. The UK cash comes from its Department for Science, Innovation & […]

The European Investment Bank’s global arm, EIB Global, has signed a €125 million loan agreement with satellite operator SES to fund three satellites of its second-generation medium Earth orbit (MEO) system O3b mPOWER. SES has already launched eight of 13 O3b mPOWER satellites, which operate 8,000 kms away from the Earth, delivering high throughput and […]

Let’s not be coy, the demise of the Conservative government in the UK was a relief to the BBC. The relationship between the two was tense, at best, wilfully frictional at worst. The next Charter review begins this year, and the BBC will feel more relaxed about preserving the universal licence fee intact with a […]

ITV has announced three new investments to add to its Media for Equity portfolio at the start of 2025 in ufurnish.com, an online furniture search and comparison platform, mynestegg, a Pension & Stocks and Shares ISA consumer savings platform and Tryp.com, a personalised travel platform. As part of ITV Adventures Invest, its Media for Equity […]

The UK Government has injected £60 million (€71m) in funding into hundreds of creative businesses and projects as part of its modern Industry Strategy to grow the UK economy. The investment package is aimed at investments for grassroots music venues, start-up video game studios and creative businesses to grow music and film exports, driving innovation […]

Multi-channel broadcaster UKTV has it invested in Rest Less, the UK’s digital platform for people aged 50 and older, using its multi-million-pound investment fund, UKTV Ventures. With over 1 million members in the UK, Rest Less is a digital platform and advocate designed to support midlifers to get the most out of life. Through a […]

Some of Britain’s most isolated communities will benefit from faster broadband speeds, giving them better access to a range of services including healthcare at home through virtual consultations and remote monitoring, and helping to combat loneliness by ensuring pensioners can access high-quality video calls. It will also support businesses to better grow and serve their […]

LDC, the private equity investor which is part of Lloyds Banking Group, has made a £21 million (€25.3m) minority investment in Precise TV, the contextual video AdTech platform, to support its international expansion. Precise TV was founded in 2015 and operates globally through its teams in London, Los Angeles and New York, as well as […]

The European Commission has announced grant agreements totalling €128 million to support 31 new 5G infrastructure projects, following the third call for proposals of the Connecting Europe Facility (CEF Digital). This adds to the €93 million already committed to finance 35 projects for 5G under the first two CEF Digital calls, for a total of […]

The IRIS2 project for hundreds of satellites was confirmed December 16th with the signing of contracts worth €10.6 billion with the SpaceRISE consortium. The consortium, led by satellite operators SES, Eutelsat and Hispasat, is now contracted to build – via sub-contractors – and operate the new highly-secure fleet of satellites. The contract covers a 12-year […]