EU's €5bn Scaleup Fund can back UK — and even US — companies

The €5bn Scaleup Europe Fund, managed by Swedish investment firm EQT, is already allowed to invest in British companies even though the UK is not currently an investor in the fund. Investments in US companies are also permitted.

• The €5bn Scaleup Europe Fund is managed by Sweden's EQT
• UK companies are eligible for investment even though the UK is not a fund investor
• The fund can also back US companies