The UK may join a €4 billion ($4.65 billion) EU equity investment fund designed to support startups, according to EU Commissioner for Startups Ekaterina Zaharieva, who disclosed the possibility to the Financial Times on May 26, 2026. Zaharieva described the move as being in the “mutual interest” of both parties, but cautioned that a treaty change would be necessary to reverse the UK’s existing decision to opt out of participation in the fund.
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FILE PHOTO: British PM Starmer visits Brussels for engagements with the European Commission, Council and Parliament
FILE PHOTO: British and EU flags hang on the day of the meeting of British Prime Minister Keir Starmer with European Commission President Ursula von der Leyen, in Brussels, Belgium October 2, 2024. REUTERS/Yves Herman/File Photo
May 26 (Reuters) – The UK could join a European Union equity investment fund for startups worth 4 billion euros ($4.65 billion) this year, the EU Commissioner for startups Ekaterina Zaharieva informed the Financial Times in a report published on Tuesday.
Zaharieva declared the relocate was in the “mutual interest” but would require a treaty alter to reverse a UK decision to opt out of participation, according to the report.
($1 = 0.8595 euros)
(Reporting by Ananya Palyekar in Bengaluru; Editing by Jamie Freed)
