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@macaroon
If you want to do a light-weight build and keep it cheap, I'd go second hand. SRAM 10 speed groupsets were light, Rival is a good shout above. Add a Force or Red carbon chainset for some more weight savings.
Recently did a similar cheapo build, I ended up with a Campag groupset as I found some shifters for twenty five quid. The rest of it I just bought off ebay really. Seven hundred and something pounds in total. Hopefully some inspiration for you.