Source · Select Committees · Treasury Committee
Recommendation 10
10
Paragraph: 54
Woeful venture capital diversity record presents strong case for specific diversity-focused funds.
Conclusion
The British Business Bank has active funds designed to target specific market failures in venture capital, such as its regional funds. Representatives from the BBB have suggested that diversity-focused funds could theoretically be used in the same way, if there were provision set aside for them. The woeful diversity record of venture capital, which is failing to invest in high potential female and ethnic-minority- owned businesses, makes for a strong case for such intervention.
Paragraph Reference:
54
Government Response
A response document is linked to this report, dated 20 October 2023. Response attribution to this conclusion has not been verified. Read the response document ↗