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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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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Oxford least affordable city in England for first-time buyers
Based on an average property price of £540,005 and an average annual salary of £31,232, the average monthly mortgage repayment will taking up 49.37% of take-home pay.
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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.
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Exscientia acquires personalised medicine AI pioneer Allcyte
The combination expands Exscientia’s capabilities by enabling high content evaluation of individual patient biology in primary tumour tissues rather than artificial cell lines or animal models.
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DJS Antibodies moves to newly converted lab space at Wood Centre for Innovation
Biotech start-up, DJS Antibodies, is the second company to move into the newly converted class II laboratory space at The Oxford Trust’s Wood Centre for Innovation.
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Unipart wins five-year Jaguar Land Rover distribution centre contract
The five-year contract is to run a new, custom-built Jaguar Land Rover Global Parts Logistics Centre at Appleby Magna in Leicestershire that will open in 2022.
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G7 health summit highlights Oxfordshire’s thriving life sciences sector
The arrival of G7 health ministers to Oxford on Thursday 03 June will shine a spotlight on Oxfordshire’s considerable achievements in the life sciences sector.
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Revenue quadruples in Sensyne Health trading update for 2021
The company has reported robust financial performance in its 2021 unaudited revenues of at least £9.0 million compared to £2.1 million in the 2020 audited accounts.
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Oxford Biomedica to increase production of AstraZeneca COVID-19 vaccine
AstraZeneca has committed to an increase in the number of batches required from Oxford Biomedica in the second half of 2021.