'Investment readiness': a critique of government proposals to increase the demand for venture capital

Mason, C.M. and Harrison, R.T. (2001) 'Investment readiness': a critique of government proposals to increase the demand for venture capital. Regional Studies, 35(7), pp. 663-668. (doi:10.1080/00343400120075939)

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Abstract

Intervention to address the equity gap has traditionally concentrated on supply-side initiatives. However, it is now recognized that demand side deficiencies are a significant reason why small and medium enterprises (SMEs) are unsuccessful in raising venture capital. This reinterpretation is reflected in recent documents from the UK government ‐ most recently a Consultative Paper from HM Treasury and the Small Business Service ‐ which have highlighted the need for SMEs to become 'investment ready' in order to take advantage of the increased supply of venture capital that is now available. This article provides a critique of the Consultative Document's definition of investment readiness and outlines a programme to enhance investment readiness amongst SMEs.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Mason, Professor Colin
Authors: Mason, C.M., and Harrison, R.T.
College/School:College of Social Sciences > Adam Smith Business School > Management
Journal Name:Regional Studies
ISSN:0034-3404
ISSN (Online):1360-0591
Published Online:18 August 2010

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