Source · Select Committees · Business and Trade Committee
Recommendation 35
35
Paragraph: 148
International investment in British businesses can support growth and is positive on an individual basis.
Conclusion
International investment in British businesses can support growth and is positive on an individual basis. The flow of businesses and IP out of the UK, however, as a consequence of the international venture capital model is cause for concern. The drift towards foreign investment illustrates that scale ups and innovative businesses require alternative sources of investment to achieve the maximum long-term benefit for the UK economy in addition to short-term rewards for entrepreneurs.
Paragraph Reference:
148
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.