EU's €5bn Scaleup Fund Allowed to Invest in UK Companies
The €5bn Scaleup Europe Fund, managed by Swedish firm EQT, can invest in British companies, despite the UK not being a fund investor. France had recently attempted to block UK participation.
The €5 billion Scaleup Europe Fund, managed by Swedish investment firm EQT, is permitted to invest in British companies. This is despite the United Kingdom not currently being an investor in the fund itself.
Internal documentation confirms that investments in UK companies are allowed under the fund's framework. The news comes after France recently sought to block the UK's participation, leading to discussions within the European Union regarding the fund's investment scope.
The Scaleup Europe Fund aims to support European growth companies across sectors such as technology, energy, and health. Its establishment was intended to bolster Europe's global competitiveness.
Despite initial objections from France, the fund's final regulations permit investments in UK-based businesses. This decision potentially broadens investment opportunities for both European and UK entities, as well as for growth companies seeking capital beyond national borders. EQT will manage the selection of investments.