EU investment fund closes door on UK tech start-ups

[AtW]

The EU’s investment arm has shut down funding to British start-ups in a move that deprives young technology companies of a key source of financial support.

The European Investment Fund put just €61m (£53m) into UK-focused funds last year, a 91pc drop on 2016.

The freeze comes despite UK taxpayers continuing to fund the EIF, which is majority owned by the European Investment Bank.

The fund has, at times, accounted for up to a third of all the investment in UK-based venture capital funds.

The EIF, a partnership between the EIB and private investors, backs investment funds rather than companies directly. It has never formally suggested that it has cancelled investment in the UK, but technology investors...


https://www.telegraph.co.uk/technolo...ech-start-ups/

[original PM]

The EU’s investment arm has shut down funding to British start-ups in a move that deprives young technology companies of a key source of financial support.

The European Investment Fund put just €61m (£53m) into UK-focused funds last year, a 91pc drop on 2016.

The freeze comes despite UK taxpayers continuing to fund the EIF, which is majority owned by the European Investment Bank.

The fund has, at times, accounted for up to a third of all the investment in UK-based venture capital funds.

The EIF, a partnership between the EIB and private investors, backs investment funds rather than companies directly. It has never formally suggested that it has cancelled investment in the UK, but technology investors...


https://www.telegraph.co.uk/technolo...ech-start-ups/

Venture capitalists are known as vulture capitalists for a reason.

They take everything which is good in a company, strip it out, screw it down and then walk off with the money.

The company just becomes a vehicle to make a few people a bit richer - it is not a benefit to the the actual company or it's employees.

[northernladyuk]

Venture capitalists are known as vulture capitalists for a reason.

They take everything which is good in a company, strip it out, screw it down and then walk off with the money.

The company just becomes a vehicle to make a few people a bit richer - it is not a benefit to the the actual company or it's employees.

It's worse than we thought, lads.

[AtW]

Venture capitalists are known as vulture capitalists for a reason. They take everything which is good in a company, strip it out, screw it down and then walk off with the money. The company just becomes a vehicle to make a few people a bit richer - it is not a benefit to the the actual company or it's employees.

WHS

The goods news is that after EU pulled funding the vultures will now turn into cute pussy cats. For that reason alone all UK tech start-ups must welcome Brexit!

[vetran]

oh excellent we can take that off our EU bill and give it to the NHS!

its a Brexi Bonus!

You don't get anything for a Liar, not in this game !

[WTFH]

oh excellent we can take that off our EU bill and give it to the NHS!

its a Brexi Bonus!

You don't get anything for a Liar, not in this game !

That only works if your negotiators actually negotiate something. But since they can't, it's just part of the Great British Giveaway.
You can't blame the EU (even though you will) for wanting to move forward while Davis & co run around in circles.

[northernladyuk]

oh excellent we can take that off our EU bill and give it to the NHS!

its a Brexi Bonus!

You don't get anything for a Liar, not in this game !

The UK holds all the cards, so why not?