Written question asked by Mike Wood (Conservative) on Friday, 28 August 2026, in the House of Commons. It was due for an answer on Wednesday, 2 September 2026. It was answered by Chris McDonald (Labour) on Tuesday, 8 September 2026 on behalf of the Department for Business, Innovation, Science and Trade.

EU Budget: Contributions

Question: To ask the Secretary of State for Business, Innovation, Science and Trade, with reference to the answer of 19 June 2026 to Question 8541 on UK Relations with the EU: Contributions, whether taxpayers will in principle be required to make additional payments to the European Union as a consequence of affiliating to the European Innovation Council Fund and Scaleup Europe Fund; and what is the timetable for a final decision on affiliation.

Answer: The UK Government has agreed to negotiate with the European Commission on potential participation in the equity instruments of the European Innovation Council (EIC) Fund, including the Scaleup Europe Fund. Whilst negotiations are ongoing we are unable to provide updates. Any decision will be subject to agreeing terms that represent fair value and support UK innovation and growth objectives.

Secondary information

Type: Written question
Reference: 20524
Session: 2026-27
Related items: UK Relations with EU: Contributions
Friday, 19 June 2026
Written questions
House of Commons
Subjects: Contributions Innovation EU budget
Link: View this Written question on www.parliament.uk