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In today's Daily Digest, a £36.5 million investment in healthcare technology, funding to boost exports of electric and hydrogen-powered buses, and more.
Health and Wellbeing
A £36.5 million investment in healthcare technology will transform the way patients are treated for conditions such as Alzheimer’s disease and cancer. Five projects will create healthcare technologies for the future supported by the Engineering and Physical Sciences Research Council (EPSRC), with £2 million funding from the Medical Research Council (MRC). They will develop: self-propelled robot endoscopes; an innovative way of managing diseases using low intensity ultrasound; digital twin assisted surgery; portable brain imaging for stroke patients; and computer engineered models of leukaemia to better predict the disease and improve drug screening pathways.
Wrightbus has received £50 million to boost exports of electric and hydrogen-powered buses supported by a loan guarantee from the UK’s export credit agency. Government backing will enable Wrightbus to sell its electric and hydrogen-powered, zero-emission buses to new markets in Europe and North America.
The International Renewable Energy Agency and Global Renewables Alliance have signed an MoU to work together towards a rapid, sustainable, affordable and inclusive energy transition. IRENA’s target of 1 TW of new renewable capacity annually to 2030 will guide ambition for this work.
Private equity investment in North American chemicals slumped to $60 million across 19 deals in the year to May 31, putting it on track for the slowest first half for the sector since 2018, according to S&P Global Market Intelligence data.