13
th May 2021 8:30 am
Good morning and welcome to your Morning Briefing for Thursday 13 May, 2021. To get this in your inbox every morning click here.
FSCS levy
Every year advisers brace themselves for how much they will have to contribute to the Financial Services Compensation Scheme (FSCS) levy. In January, the overall levy for 2021/22 was forecasted to be an eye-watering £1.04bn.
This represented a rise of almost 50% on the previous year. Today that figure has been revised down to £833m.
It might be £206m lower than the forecast at the beginning of the year, but it’s still £133m higher than the 2020/21 levy.
by Alistair Hardaker
York-based regulatory technology business Money Alive has secured £1 million in funding to support the further development of its platform and the creation of new jobs.
The company secured £749,000 in financial investment from Foresight Group using equity finance from the Midlands Engine Investment Fund, as part of a £1 million funding round involving a number of high profile private investors.
The current funding round will support the further development of Money Alive’s platform for the workplace market as well as for the large financial advice networks. It said it is also planning to create eight new jobs across sales, content and marketing to fuel the growth of the business.
Builders Merchants News - Derbyshire insulation manufacturer lands £250,000 funding buildersmerchantsnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from buildersmerchantsnews.co.uk Daily Mail and Mail on Sunday newspapers.
Future Planet Capital Buys VC Firm Midven
Posted on 04/08/2021
Future Planet Capital Holdings Limited (FPC) purchased Midven Ltd., a U.K. venture capital firm. The deal will enable Future Planet to grow its extensive global innovation network, which includes Berkeley, Cambridge, Harvard, MIT, and Oxford, by combining them with Midven’s access to U.K. Government funded scientific research.
Midven, which is supported by investors including the British Business Bank and European Investment Bank, manages the UK Innovation and Science Seed Fund (UKI2S) and the £35 million MEIF West Midlands Growth Fund, part of the British Business Bank’s £250 million Midlands Engine Investment Fund. Midven was originally established as a venture capital firm by six Midlands-based entrepreneurs over 30 years ago. The company then went through a management buy-out in 2007 when the current investment team acquired the business from the original founders.
Published:
7:35 AM April 2, 2021
Suffolk firm PBD Biotech has secured £2.3m of funding to gain international validation for its new diagnostic test for bovine tuberculosis in cattle
- Credit: Ian Burt
An East Anglian firm s game-changing test for a devastating cattle disease has won £2.3m of funding to help it secure international validation.
PBD Biotech, based at Thurston, near Bury St Edmunds, has developed a rapid, accurate test for bovine tuberculosis (bTB) that it claims could enable farmers to effectively remove the disease from their herds.
The new investment will enable the company to take its patented Actiphage test through to validation by the World Organisation for Animal Health (OIE).