The authors examine the impact of international collaborative research programmes on university—industry links in the UK, with particular reference to the relations involved in the European Union's Framework Programme research. The evidence presented in the paper suggests that international collaboration has generated benefits as well as significant costs for UK university—industry linkages. More importantly, it is argued that the alleged general convergence in university and industry research needs has been somewhat illusory in the UK due to the rationalization of its R&D activity. In addition, these tendencies have been supported to a degree by EU funding rules, the internationalization of UK universities and the ‘repeat’ nature of international collaboration networks. In conclusion, the authors suggest that many of the problems may be specific to the UK and that policies are needed to strengthen links between UK universities and industry within such collaborative projects.