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Story summary
- The European Commission is finalising a €5 billion Scaleup Europe Fund to support equity investments in European startups.
- The fund will permit equity stakes far larger than the €30 million limit of previous EU investments.
- The United Kingdom has not accessed the fund because it opted out of Horizon Europe’s equity-investment component.
- Commission spokesperson Maciej Berestecki said the EU is open to the UK becoming fully associated and will advance discussions.
