From Funding Gaps to Thin Markets: UK Government Support for Early-stage Venture Capital

Nightingale, P., Murray, G., Cowling, M., Baden-Fuller, C., Mason, C. , Siepel, J., Hopkins, M. and Dannreuther, C. (2009) From Funding Gaps to Thin Markets: UK Government Support for Early-stage Venture Capital. Other. NESTA, London, UK.

Abstract

‘Hybrid' venture capital schemes backed by both private and public sector funding play an increasingly important role in the risk capital funding of early-stage firms with the potential for significant growth. We analysed the impact of investment from six UK government-backed venture capital schemes on 782 funded firms over the period 1995-2008. The six schemes that are the focus of this analysis are the Enterprise Capital Funds (ECFs), Early Growth Funds (EGFs), Regional Venture Capital Funds (RVCFs), Scottish Enterprise-backed Funds, University Challenge Funds (UCFs), and Welsh Hybrid Funds.

• Item Type: Research Reports or Papers (Other)
• Status: Published
• Glasgow Author(s) Enlighten ID: Mason, Professor Colin
• Authors: Nightingale, P., Murray, G., Cowling, M., Baden-Fuller, C., Mason, C., Siepel, J., Hopkins, M., and Dannreuther, C.
• College/School: College of Social Sciences > Adam Smith Business School > Management
• Publisher: NESTA