Day: 9 August 2025

IFC Announces $20 Million Equity Investment in Transvolt Mobility

Stuart Mitchell

To enhance access to quality urban transport, scale up electric vehicles (EVs) production and strengthen India’s electric mobility ecosystem, IFC is providing $20 million equity investment to Transvolt Mobility Private Limited (Transvolt), as part of its $50 million financing round. This is IFC’s first equity investment in an EV platform in India and globally. It will enable Transvolt to scale its electric fleet portfolio to 3,500 vehicles and create 8,200 jobs in the next five years. It will also support the company’s long-term goal of deploying 8,000 heavy commercial EVs…

Read More

UK marketing budgets bounce back in Q2, reversing previous decline

Stuart Mitchell

Following a reduction in marketing budgets for the first time in four years in the opening quarter, the latest IPA Bellwether Report revealed a robust rebound in advertising spending. Despite the challenges stemming from geopolitical and economic uncertainty, increased operational costs following April’s tax changes, as well as a general lack of confidence across the marketplace, the Q2 2025 IPA Bellwether Report highlights how firms adopted a resilient mindset and expanded their marketing expenditure. A net balance of +5.5% of panellists reported a rise in their total marketing budgets for…

Read More

Co-op Partners with The Hacking Games to Help Prevent Future Cybercrime

Stuart Mitchell

New initiative to identify and redirect young cyber talent announced In the wake of the recent cyber-attack it experienced, Co-op has announced a new strategic partnership with The Hacking Games, a UK-based social impact business, to help prevent cybercrime by identifying young cyber talent and channelling their skills into positive, ethical careers. Globally, cybercrime is expected to cost £12 trillion this year, and with 69% of European teenagers having committed some form of cybercrime or online offence, the initiative is part of Co-op’s long-term response to its own cyber-attack where…

Read More

Thrive Renewables secures £10 million from Triodos Bank UK to help fund growing renewables portfolio

Stuart Mitchell

Thrive Renewables plc has secured £10m of new lending from Triodos Bank UK to enable the renewable energy investment company to further its mission building new UK-based wind farms, plus solar and community-owned projects. The finance will also support longer-term initiatives, such as repowering existing assets to extend their operational life. The loan arrangement with Triodos is just one example of Thrive’s blended funding approach, focused on getting new renewable capacity built quickly and in a way that puts people and planet at the heart. This includes equity from its…

Read More

Great British Energy to cut energy bills for community facilities

Stuart Mitchell

Libraries, fire stations and care homes in local communities will benefit from cheaper energy bills as Great British Energy delivers on the government’s clean energy superpower mission to make working people and their communities better off.  Great British Energy, the government’s publicly-owned clean energy company, has awarded mayoral authorities a share of £10 million in grant funding to roll out clean energy projects at the centre of communities – including rooftop solar on Merseyside care homes and on leisure centres and libraries in Yorkshire.   These grants will mean that the…

Read More