Comment by phh

FWIW, I don't have numbers, but Horizon Europe is both a research funding scheme and an industry innovation funding scheme. https://research-and-innovation.ec.europa.eu/funding/funding... says "This is 70% of the budget earmarked for SMEs."

It has both direct research grants (ERC grants), and funds for big consortium projects, where most of the money goes to big companies, with some money also going to SMEs and researchers (It probably has intermediate funding like direct SME fund, I don't really know the full extent).

I wouldn't be surprised that UK joined Horizon Europe because of industry lobbying rather than research.