UKRI backs Midlands spinout fund deploying first investments  |  NewOrbit raises £13.9m for near-Earth satellites  |  Wordsmith raises 52m to shake up law  |  Flok Health secures 9.5m funding boost  |  CFIT CEO on finance access challenges  |  Google Ventures leads £11m in UK cyber firm  |  Inherent AI lab raises 40m pounds  |  Government navigates data centre risks