Barometer

The FTL Barometer

The quarterly pulse of French tech in the UK. Same focus, every quarter, since 2023.

FTL index, Q4 2025 66 Down 4 points on Q3

FR-UK entrepreneurs face a complex landscape: squeezed consumer spending, late payments, restricted talent acquisition, competitive funding rounds.

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Three things to take away

What the numbers say this quarter.

Legal framework, the biggest fall 80 -7

Regulatory uncertainty is now the loudest concern in the survey. It was the single largest drop of the quarter.

UK local recruitment 56 -11

The lowest score in the index. Hiring in the UK has become the hardest part of scaling for French teams.

UK investment 75 flat

Capital availability holds. The constraint is elsewhere: hiring, compliance, and the cost of getting people into the country.

All dimensions

Five themes, thirteen indicators.

Scores out of 100, with the change since the previous quarter.

UK business growth69
Down 2
UK client retention73
Up 3
UK dynamics63
Up 2
UK legal framework80
Down 7
UK-FR relationship73
Down 2
FR business confidence65
Flat
UK local recruitment56
Down 11
Hiring dynamics63
Down 3
UK abroad recruitment43
Down 7
UK > France funding71
Flat
UK public funding55
Up 5
UK investment75
Flat
The startups we track

66 startups and scale-ups. Is yours on the list?

Next40, French Tech 120 and FT2030 companies with teams in London, plus the early-stage companies we think you should know. The list is how the community and the press see the French-UK ecosystem.

Open to

  • Next40 and French Tech 120 companies with a UK presence
  • French Tech 2030 laureates based in or expanding to London
  • Early-stage French-founded startups with revenue or a team in the UK
  • UK-founded companies with French operations
Methodology Thirteen indicators across five themes: UK business, macroeconomics, human resources, finance and ESG. Scores out of 100, collected quarterly from founders and executives of French-UK tech companies. The Barometer runs since Q1 2023 and is open to all members. Answer the next edition and get the results before anyone else.
Answer Q3 2026 Become a member