Capital Concentration Intensifies Around the UK

The UK's share of tracked European funding has risen materially between the two 90-day periods, climbing from roughly 38% (€7,254M of ~€19,115M across 12 countries) to approximately 48% (€11,329M of ~€23,615M). That 10-percentage-point shift means the UK's capital volume grew by around 56% period-on-period, while the remaining 11 countries collectively moved from ~€11,861M to ~€12,286M, a rise of just 4%. The UK therefore absorbed the large majority of the overall market's incremental funding.

The contrast with the next-largest markets sharpens the picture. Germany and France, the second and third-ranked countries in the prior period, both saw volumes decline — Germany from €2,869M to €2,657M and France from €3,106M to €2,251M — while the UK added €4,075M in absolute terms. The UK's recent total is more than four times Germany's and five times France's, gaps that were narrower in the prior window.

Deal counts tell a different story: the UK's transactions edged down from 190 to 188, meaning the volume increase was driven by larger average round sizes rather than more deals. Average deal value rose from approximately €38M to €60M per transaction. Across the broader 12-country dataset, total deals fell from 633 to 521, so the UK's near-flat deal count also represents a rising share of activity by number, reinforcing the concentration pattern across both volume and transaction metrics.

AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-06-23). Every figure is automatically verified to trace to cited funding rounds before publishing. Not investment advice. Labelled for AI transparency (EU AI Act Art. 50, applicable from 2 Aug 2026).