Venture capital support to small businesses: the Department for Business, Innovation and Skills (House of Commons papers)

 
9780102963304: Venture capital support to small businesses: the Department for Business, Innovation and Skills (House of Commons papers)

Since 2000, the Department for Business, Innovation and Skills and its predecessors have invested around £338 million in a series of venture capital funds to support young companies, which may find it difficult to obtain funding elsewhere. Nearly half of these businesses were not confident that they would have been able to go ahead anyway without finance from the Department's funds. The Department failed to establish a robust framework, and associated baselines, against which to measure the impact of the funds: objectives were not clearly set out or prioritized. It was therefore not in a position to judge whether the taxpayers' investment offered value for money. The Department, however, is now planning to take steps to strengthen its programme management and evaluation so that it is better able to demonstrate value for money. The taxpayer is unlikely to receive financial returns on investment from the early funds. The £74 million invested in the Regional Venture Capital Funds, for example, is currently valued in the Department's accounts at £5.9 million and the Department will get a financial return only if the individual funds outperform the preferential 10 per cent return to other investors. The economic benefits derived from the programme have yet to be measured.

"synopsis" may belong to another edition of this title.

Buy Used View Book

Shipping: 5.99
From United Kingdom to U.S.A.

Destination, Rates & Speeds

Add to Basket

Top Search Results from the AbeBooks Marketplace

1.

Great Britain: National Audit Office
Published by Stationery Office
ISBN 10: 0102963304 ISBN 13: 9780102963304
Used Quantity Available: 1
Seller
Phatpocket Limited
(Waltham Abbey, HERTS, United Kingdom)
Rating
[?]

Book Description Stationery Office. Book Condition: Good. Ex-library, so some stamps and wear, but in good overall condition. Bookseller Inventory # Z1-T-015-00376

More Information About This Seller | Ask Bookseller a Question

Buy Used
14.34
Convert Currency

Add to Basket

Shipping: 5.99
From United Kingdom to U.S.A.
Destination, Rates & Speeds