EU's €5bn Scaleup Fund can now invest in UK startups
The EU's €5 billion Scaleup Fund is officially cleared to invest in UK tech startups for the first time. British firms are now eligible, even though the UK hasn't contributed any capital to the fund. This move comes as the fund aims to back late-stage European scaleups, broadening its reach after Brexit. No UK companies have received investment yet, but they're now in the running.
- EU €5bn Scaleup Fund now open to UK startups
- UK startups can apply for late-stage funding
- No UK capital committed to the fund yet
- First time UK eligible since Brexit
- No UK investments announced yet
Sources covering this
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