UK seeks access to EU’s €5B tech scale-up fund

Ursula von der Leyen and Keir Starmer announce that negotiations are set to commence.

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BRUSSELS — The EU and the U.K. will start talks on British access to a new €5 billion fund that wants to provide late-stage funding to tech companies.

Both sides have agreed to "commence negotiations," European Commission President Ursula von der Leyen and U.K. Prime Minister Keir Starmer said Monday following a meeting at the European Political Community summit in Armenia.

Years after Brexit, the talks are another sign of warming relations between the EU and the U.K., as both sides see benefit in collaboration to handle external events such as U.S. President Donald Trump's tariff war and the conflict in Iran.