Select Committee · Treasury Committee

The venture capital market

Status: Closed Opened: 28 Apr 2022 Closed: 16 Jan 2024 8 recommendations 10 conclusions 1 report

The Committee is holding a short inquiry into the venture capital market. Read the call for evidence to find out more about the inquiry

Clear

Reports

1 report
Title HC No. Published Items Response
Nineteenth Report - Venture Capital HC 134 24 Jul 2023 18 Responded

Recommendations & Conclusions

1 item
4 Recommendation Nineteenth Report - Venture Capital Accepted in Part

Venture capital market diversity statistics remain unacceptable and progress too slow.

The diversity statistics in the venture capital market are unacceptable. Venture capital firms are dominated overwhelmingly by white men, and the recipients of venture capital funding are even more unrepresentative of the wider UK population in terms of gender and ethnicity. While there has been some improvement, it is happening …

Government response. The government agrees on the importance of a diverse and inclusive investment landscape and highlights existing initiatives like the Investing in Women Code. While acknowledging the importance of understanding demographic diversity, it rejects requiring businesses to disclose protected characteristics due …
HM Treasury

Correspondence

6 letters
DateDirectionTitle
20 Oct 2023 To cttee Letter from the Chair to HM Treasury, relating to the 'Venture Capital' report …
10 Mar 2023 Correspondence from the Chair to the Chancellor, relating to the sunset clause …
10 Mar 2023 Correspondence from the Chancellor, relating to the sunset clause on EIC/VCT, d…
10 Mar 2023 Written evidence from the Association of Investment Companies
7 Sep 2022 To cttee Letter from the Permanent Secretary, HM Treasury, relating to Venture Capital, …
7 Sep 2022 To cttee Letter from the Chair to the Permanent Secretary, HM Treasury, relating to Vent…