The report finds that these government-backed VC schemes have had a positive effect on company performance and job creation. But this effect has been small, and significantly less than the effects that purely private venture capital would be expected to bring. Many of the problems arise from the structure and limitations of government-backed schemes established in the UK to date. Too often they have been too small, too regionally focused, poorly managed, or unable to provide enough capital or effective follow-on funding.
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From Funding Gaps to Thin Markets: UK Government Support for Early Stage Venture Capital’
