The government say constructive talks are ongoing to re-join Horizon Europe - an EU research and innovation programme.
But BBC News understands that Mr Sunak is interested in an alternative research programme put together by ministers, known as "Pioneer".It was developed in case a research agreement could not be reached with the EU.
"Our withdrawal is yet another example of London being damaged by our departure from the EU, and means we have lost out on huge benefits to the capital including access to funding and collaborations on projects," he said.
Danmark Seneste Nyt, Danmark Overskrifter
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