From Funding Gaps to Thin Markets

UK Government Support for Early-Stage Venture Capital

Cowling M, Baden-Fuller C, Mason C M, Hopkins M, Murray G C | Working Paper Series TM/28 | NESTA | Aug 2009

cover image

As we contemplate a new industrial strategy for Britain in the wake of the worst recession in over 70 years, it is clear that this must be informed by the experiences of previous policy initiatives.

In looking at the effectiveness of government-backed venture capital schemes over the past ten years, this report does exactly that and therefore comes at an opportune time for those interested in fashioning a more innovative, forward-looking Britain.