-+ 0.00%
-+ 0.00%
-+ 0.00%

Market Chatter: France Reportedly Questions UK's Role in EU Startup Fund

MT Newswires·07/27/2026 01:54:42
Listen to the news
01:54 AM EDT, 07/27/2026 (MT Newswires) -- France is said to be seeking clarity on the UK's participation in the next cycle of the technology startup fund beginning in 2027, London's Financial Times reported Monday, citing diplomats familiar with the matter. To help Europe's tech industry keep pace with the US and China, the UK pledged 150 million euros to the 5-billion-euro Scaleup Europe Fund. However, sources told the publication that France is looking to impose restrictions on Britain's involvement because it is no longer a member of the European Union. The European Commission and the UK Cabinet Office did not immediately respond to requests for comments from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)