Business & Technology
Aspen building in Oxford’s trust innovation centre opened
The Aspen Building, developed by The Oxford Trust, was officially opened on Friday, July 17, as part of the Wood Centre for Innovation in Headington’s science and technology cluster.
Dame Anneliese Dodds MP for Oxford East, who formally opened the building during a ceremony attended by civic leaders and members of the science and business community, said: “I’m proud that Oxford East has long been a place where innovation, enterprise and opportunity come together.
“The Oxford Trust’s Aspen Building at the Wood Centre for Innovation is a great example of how investment in local facilities can support growing businesses, create high-quality jobs and keep Oxford at the forefront of scientific discovery.”
The 17,000 sq ft facility provides state-of-the-art CL2 laboratory and office space across two floors, designed to support science and technology start-ups, SMEs, and scale-ups in the life sciences sector.
Dame Dodds also praised The Oxford Trust’s work with schools and communities, saying: “Equally important is The Oxford Trust’s work with schools and local communities, helping ensure that young people from across our constituency can see a future for themselves in science, technology and innovation.”
The Aspen Building is part of The Oxford Trust’s charitable business model, which reinvests income from its innovation centres into STEM education and engagement activities, delivered by its Science Oxford team.
John Boyle, chair of trustees at The Oxford Trust, said: “The opening of this new facility is a proud moment for the Trust.
“By creating additional laboratory and office space for growing science and technology businesses, while expanding our STEM education facilities to expand delivery through Science Oxford, this new building perfectly reflects our charitable mission to encourage the pursuit of science.”
Designed with sustainability in mind, the building has achieved BREEAM Excellent certification and will deliver at least 10 per cent Biodiversity Net Gain across its surrounding woodland site.
The project supported approximately 600 jobs during construction, including 80 local jobs.
Once fully occupied, the Aspen Building is expected to generate up to 80 additional jobs.
Steve Burgess, CEO of The Oxford Trust, said: “The opening of the Aspen Building is a landmark moment for The Oxford Trust and a significant investment in Oxford’s innovation future.
“This facility provides the specialist laboratory and workspace that science and technology companies need to scale successfully, while strengthening the capacity of the Headington Science Cluster and Oxford’s wider innovation ecosystem.”
The building sits alongside the fully occupied Linden Building and will further enhance The Oxford Trust’s support for high-growth science and technology businesses.
Business & Technology
Closed down microbrewery to reopen in Oxford after seven years
Oxbrew Taproom Ltd is the second reincarnation of Oxbrew, a microbrewery first formed by Aaron Baldwin and his stepfather Simon Scamp in Enstone, near Witney, in 2016.
In a statement a spokesperson for the brewery said: “OXBREW is back!
“After a period of what one might politely call “strategic hibernation” since 2019, OXBREW is stirring again in Oxford. New site, bigger bones and just enough space to finally bring the original dream to life.
READ MORE: Abolition of Oxfordshire councils ‘ego trip on an industrial scale’, say residents
Simon Scamp, left, and step-son Aaron run Oxbrew (Image: Gem Toes-Crichton)
“The Brewery, Taproom and Smokehouse are very much a work in progress (translation: please don’t expect to pop in for a pint next week).
“But the foundations are laid, the ambition is intact and the beer will be worth the wait.”
The microbrewery which shut down after an unsuccessful merger with another brewing company has submitted plans to launch a new taproom near Oxford’s city centre.
Mr Baldwin has relaunched the business, applying for a premises license for a site in Botley, on the Osney Mead Industrial Estate.
READ MORE: Anger after Thames Water announce hosepipe ban impacting 16 million people
Symm House in Osney Mead Industrial estate, where Oxbrew Taproom plan to set up (Image: Madeleine Evans)
An application lodged with Oxford City Council specifies that the premises will be used as a brewery and taproom with outside seating, plus a shop, collections and online sales packaging, with food and drink served on site.
The new spot its earmarked for is Symm House, which was the home of building company Symm for 200 years before it went into administration in 2020.
The application said: “Our brewery and taproom will be more than just a place to enjoy excellent beer and locally sourced food prepared freshly on-site.”
Business & Technology
UK cybersecurity startups surge as scaleups stay rare
SOFIAH NICHOLE SALIVIO
News Editor
Wavestone has identified 155 new cybersecurity startups in the UK in 2026. Its annual survey found only nine scaleups in the sector.
The figures point to a sharp rise in company formation but limited progress from early-stage businesses into larger operations.
The consultancy’s 2026 UK Cybersecurity Startup Radar tracked 235 UK organisations across startups, scaleups and unicorns. It portrays a market generating new entrants at speed while struggling to turn that activity into a broader base of scaling businesses.
New company creation rose 252% from 44 startups identified a year earlier to 155 in 2026. Yet the number of scaleups remained at nine, underlining what the report describes as a weak conversion rate between startup formation and later-stage growth.
Regional shift
Much of the expansion came from outside the capital. More than 86% of the newly identified startups, or 134 out of 155, were based beyond London, compared with 52% the previous year, when 23 of 44 new startups were located outside the city.
The shift suggests cybersecurity entrepreneurship is becoming more geographically dispersed across the UK. It also reflects a broader pattern of regional technology clusters taking a larger share of new business formation.
London remains an important centre for the industry, but no longer dominates the flow of new entrants in the same way. A wider spread of startups could broaden access to talent and customers, though it also raises questions about whether local funding and support networks are strong enough to help firms grow.
Funding gap
The report also found a shift in the size of investment rounds. Funding below £2.5 million increased, with the strongest growth in rounds below £100,000, while investment above that level continued to fall from an already low base.
That matters because larger rounds often help young companies move from product development and early sales into sustained expansion. A market with more very small rounds but fewer larger cheques may support company creation without solving the challenge of scaling.
The findings point to a financing gap at the stage when startups need fresh capital to hire, expand sales and enter new markets. In sectors such as cybersecurity, where buyers can include governments and large companies with long procurement cycles, limited access to growth funding can slow the path from concept to meaningful revenue.
Sales pressure
Founders said generating prospects was their biggest challenge. About 38% cited it as the main hurdle ahead, making customer acquisition a more immediate concern than product development or technical execution.
The survey also found that 67% of organisations were already selling outside the UK. That suggests many cybersecurity startups are looking overseas early in their development, either to find larger markets or to offset constraints in domestic demand.
International sales can provide an important route to growth, but they can also stretch small teams still trying to establish themselves at home. Early cross-border expansion often requires extra spending on compliance, hiring and market knowledge, which may be harder if funding remains concentrated at the smallest end of the market.
AI adoption
Another notable shift was the growing use of artificial intelligence in cybersecurity products. The study found that 62% of the organisations now use AI in their offerings, up from 30% in 2025.
The increase shows how quickly AI has moved from a differentiator to a more common feature in the sector. For many startups, it is becoming part of product design rather than a separate line of research, especially in areas such as automation, detection and analysis.
Rising AI use also suggests competition among cybersecurity startups may be harder to sustain through technology claims alone. If most new entrants adopt similar tools, companies may need to stand out through execution, distribution and customer relationships rather than by simply adding AI to products.
Florian Pouchet, Partner and Head of Cybersecurity and Operational Resilience at Wavestone, said: “UK cybersecurity innovation is growing at record pace and increasingly outside of London. However, founders are struggling to identify prospects, and scaling remains rare, while growth capital continues to contract. If the UK wants to become a sovereign cybersecurity force, the domestic market needs to back the companies it is successfully producing.”
Overall, the study shows a cybersecurity sector with strong entrepreneurial momentum but a narrow path to maturity. With 235 organisations mapped across the market and only nine scaleups identified, the gap between startup creation and sustained growth remains one of the clearest findings in the data.
Business & Technology
Anger after Thames Water announce hosepipe ban impacting 16m people
Thames Water announced that a hosepipe ban will be implemented this week across its areas, with Oxfordshire included.
Following the driest spring in years, three official heatwaves, record temperatures and sustained high demand.
But Oxfordshire residents have reacted with anger to the announcement, as the company remains on the brink of collapse, and residents claim the company fails to fix all leaks.
Hosepipe ban is set to come into place in Oxfordshire. (Image: Melanie Hobson via Getty Images)
Owen Armstrong said: “I very much hope that everyone disregards the ban, I shall gladly disregard the ban myself.
“When you pay for the water, disregard what the water companies say about using a hosepipe!
“When they can splash millions / billions out in bonuses etc then they can certainly go on a hosepipe ban!”
Alan Jones said: “The clue is in the title, the Thames isn’t drying up the reservoirs are full, oh well I’m using a hose.”
Martin CG said: “Just banned the bank from sending you money.”
Thames Water is introducing the Temporary Use Ban (TUB), also known as a hosepipe ban, for all customers it supplies with drinking water.
Pete Walsh questioned the introduction of the ban, he said “data from the Met Office indicates that the first half of 2026 was remarkably unsettled”.
“The UK experienced an exceptionally wet winter and spring, followed by an unusually wet and warm June, resulting in cumulative rainfall totals generally above the long-term average.”
Marc Bridle: “Tell Thames water to go away and go pay the bills what they can’t pay them stop polluting the rivers.”
A protest sign at Thames Water’s HQ in Reading (Image: @Athirty4)
The restrictions will come into effect at 12.01am on Thursday (July 23) and mean customers in the affected areas must not use hosepipes for non-essential activities.
This includes watering gardens, cleaning cars, filling paddling pools or topping up hot tubs.
Yesterday, a spokesperson for Thames Water told the Oxford Mail they are continuing to monitor river levels, reservoir levels, and groundwater levels as South East Water introduce a hosepipe ban.
This comes after South East Water announced that 2.4 million customers in Sussex, Surrey, Hampshire, and Berkshire will be affected by temporary restrictions from Saturday.
Both hosepipe bans come after 28 days this year have seen temperatures exceed 30C somewhere in the UK.
At the end of June Thames Water confirmed soil was drier than average, river flow in the River Thames and River Lee were below average, and reservoirs in London were 89 per cent full which is below average.
However, the water company confirmed Farmoor Reservoir was 99 per cent full, above average for this time of year.
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