Source · Select Committees · Business and Trade Committee
Recommendation 34
34
Paragraph: 147
The growth capital gap is a brake on the ability of small businesses to innovate...
Conclusion
The growth capital gap is a brake on the ability of small businesses to innovate and accelerate their growth. Venture capital in the UK does not always fill the gap and support the right businesses in the right places at the right time. There remains a sectoral and geographic vacuum which is filled by investors from outside the UK.
Paragraph Reference:
147
Government Response
Acknowledged
HM Government
Acknowledged
35. The Government remains committed to building long-term strategic partnerships with businesses across all sectors. The Plan for Growth committed to set out a vision for high-growth sectors and technologies where the country is well placed to develop a 8 Post-pandemic economic growth: Industrial policy in the UK: Government Response globally competitive advantage.