Source · Select Committees · Women and Equalities Committee
Recommendation 1
1
Accepted
Require venture capital firms to increase the proportion of women on investment committees.
Recommendation
It should be a concern to all that a tiny fraction of venture capital investment goes to supporting women-led businesses. Despite numerous reviews and initiatives this situation is getting worse not better. Venture capital firms must do more to challenge themselves into providing investment on a more equitable basis including by increasing the proportion of women on investment committees as a priority. The Government should use the levers at its disposal to encourage systemic change in the industry. We set out some key steps it can take later in this Report. (Conclusion, Paragraph 19)
Government response summary AI-generated
The government accepts the recommendation, outlining new specific actions through the British Business Bank's Strategic Plan. These include launching the £400m Investor Pathways programme, expanding support to diverse angel networks with new Angel Syndicate Support and Embracing Diversity programmes, and strengthening data collection to promote transparency.
Summary of the government's response below — read the verbatim text to verify.
Government Response
Accepted
HM Government · verbatim extract
Accepted
The Government agrees and does not rule out interventions in the future if the level of venture capital investment in female entrepreneurs shows no sign of improvement.
Read the full response on Parliament ↗