Business & Economy
Stay informed on the latest news, stories, and analysis of the local business and economy in Oxford and Oxfordshire, including economic trends, key company appointments, and developments of local enterprises.
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Oxfordshire-based Forensic Access Group acquires Faraday Forensics
This is the latest acquisition by the business, as part of an ambitious growth strategy aimed at creating a leading international forensic and criminal justice services organisation.
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Chipping Norton based firm Sci-Net in growth drive
Sci-Net – which designs and delivers ERP, CRM and cloud infrastructure solutions – is strengthening its industry position with a strategic acquisition, the launch of new premises and a raft of new hires.
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Co-working space in Bicester expands to provide new base for businesses
Known as Perch Studios, the co-working space in Bicester’s Franklins House expands into the space previously occupied by Graven Hill, to provide a new base for ten businesses.
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AI imaging solutions company Ultromics raises $33m in Series B funding
Led by Blue Venture Fund, the new funding will accelerate Oxford-based Ultromics’ use of AI-enabled echocardiograms to improve patient outcomes.
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PepGen secures $112.5m financing to advance muscular dystrophy therapies
The funding round included existing investors RA Capital Management, Oxford Sciences Innovation (OSI) and CureDuchenne Ventures and a host of new investors.
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Exscientia selects Milton Park for new laboratories
The expansion will see the firm occupy 20,151sq ft of laboratory and office space at 155 Brook Drive, which is part of the Science Vale Enterprise Zone.
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Exscientia expands headquarters at The Oxford Science Park
The company, which initially occupied c7,800 sq ft in the Schrödinger Building is increasing capacity for its technology teams by expanding to 21,000 sq ft of facilities.
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Oxford is first all-electric city for delivery company DPD UK
The company will deliver over 15,000 parcels a week right across the city from it’s new, state-of-the-art eco-depot in Bicester using a fleet of 40 electric vehicles.
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Oxfordshire’s councils respond to Oxford-Cambridge Arc consultation
The councillors welcome the government’s commitment to engage with and consult local communities on its thinking around the future for the Oxford to Cambridge Arc.
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Orbit Discovery raises $7.6m to accelerate growth in peptide discovery business
The financing was led by Oxford Sciences Innovation, with participation from Borealis Ventures, Perivoli Innovations, and other institutional and individual investors.
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Digital consultation launched to shape future of Oxford-Cambridge Arc
This public consultation is the first of three that enable people who live, work, and have an interest in the area to make their voices heard on the long-term development of the area.
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Westminster Group to provide security services to the Tower of London
The company has been awarded a contract to supply professional security services to the pedestrian and vehicular entrances at this iconic castle and World Heritage Site.
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Oxford-based Circassia reports revenue growth of 27%
The medical device company focused on point of care asthma diagnosis and management released a trading update for the six months ended 30 June 2021.
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OxLEP awards £2.15m of grants to 34 Oxfordshire businesses
The Oxfordshire Business Investment Fund – which launched in March – was developed to boost the county’s business community to move into a renewal phase following the Coronavirus outbreak.
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Medical devices company Owen Mumford achieves B Corp certification
The Woodstock based company was awarded B Corp certification after demonstrating strict compliance to the rigorous requirements of this globally-recognised mark.
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ATDBio establishes molecular diagnostics lab at The Oxford Science Park
The 745 sq ft molecular diagnostics research and quality control lab will support its customers in developing improved molecular diagnostics for COVID-19 and other pathogens.