Source · Select Committees · Treasury Committee
Nineteenth Report - Venture Capital
Treasury Committee
HC 134
Published 24 July 2023
Recommendations
4
Accepted in Part
Para 31
Venture capital market diversity statistics remain unacceptable and progress too slow.
Recommendation
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 …
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Government Response Summary
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 to legal complexity and administrative burden, instead stating HMRC is reviewing data collection methods and the Integrated Data Service may offer future information.
HM Treasury
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