Labour Cuts AI Funds, Persimmon Homes Expansion, Prolec Relocates

The Business Magazine Newscast

These are the top stories making the headlines across The Business Magazine website today:

Government cancels £1.3bn of AI and tech funding, but launches an Action Plan for AI growth

The new Labour government has canceled £1.3 billion in funding for technology and AI research initially promised by its predecessor, while simultaneously launching an Action Plan for AI growth, according to the Department for Science, Innovation and Technology.

Full story here: https://thebusinessmagazine.co.uk/technology-innovation/government-cancels-1-3bn-of-ai-and-tech-funding-but-launches-an-action-plan-for-ai-growth/

Planning permission granted for homes at Oxfordshire's Grove Airfield site

Persimmon Homes has received planning permission from the Vale of White Horse District Council to build 65 new homes, including 22 affordable units, as part of the ongoing Wellington Gate project at the former Grove Airfield site in Oxfordshire.

Full story here: https://thebusinessmagazine.co.uk/property/planning-permission-granted-for-homes-at-oxfordshires-grove-airfield-site/

Plant safety manufacturer Prolec moves to Hampshire

Prolec, Europe's largest plant safety systems manufacturer, has relocated within Hampshire to a new research and development facility in Upham, southeast of Winchester, where their team of engineers will test innovations in safety-critical systems.

Full story here: https://thebusinessmagazine.co.uk/manufacturing-engineering/plant-safety-manufacturer-prolec-moves-to-hampshire/