The UK tech sector has always shown great resilience in the face of adversity, but even more so since 52% of people voted to leave the European Union (EU) last June and entrepreneurs mourned the loss of benefits the common market had afforded them to date.
Over a year later, and still with little clarity on many factors that will inevitably impact UK tech businesses, UK VCs have aired concerns about the European Investment Fund’s (EIF) potential funding withdrawal.
Reports that the EIF had pulled investment first surfaced in May when at least four British VC firms claimed they had been affected by the freeze. Earlier this week, a group of VCs anonymously told Politico they had been notified that financial support from the EIF would cease....