The new funding will be directed through UKI2S, a government-backed investment fund managed by Future Planet Capital that helps transform scientific breakthroughs into commercially viable companies.

The fund focuses on backing spinouts and start-ups working in high-potential deep technology sectors. As a result of the latest investment round, UKI2S has increased its total funding capacity to £150m.

The fund focuses on backing spinouts and start-ups working in high-potential deep technology sectors.

The expansion strengthens support for companies operating across fusion energy, defence, space and advanced technology sectors, helping drive innovation, economic growth and commercialisation across the UK.