Following the joint declaration by Prime Minister Cameron and President Obama on higher education, science and innovation, Mark Florman, chief executive of the British Venture Capital & Private Equity Association (BVCA) said:
"In the 'Year of Venture' we are delighted to see both Prime Minister Cameron and President Obama recognise the crucial role of the venture capital industry in supporting creative, groundbreaking companies.
Venture capital invests in the sorts of businesses that will be central to Britain and America's ability to compete and lead in the new economy which emerges from the recession. Fostering innovation, backing entrepreneurs, building cutting edge companies and producing world-beating technologies: this is what the venture capital industry stands for and we look forward to working with both the US and UK governments, as well as our counterparts in the America, in order to ensure venture capital continues to lead the way in nurturing those companies that will lead the way on the new technological frontier."
FOR FURTHER INFORMATION PLEASE CONTACT
Tom Allchorne, BVCA: +44 (0)20 7420 1807
Notes to editors:
1. To read the US-UK joint declaration, please click here.
2. For more information about the BVCA's 'Year of Venture' campaign, please click here.
3. The British Venture Capital & Private Equity Association (BVCA) is the industry body for the UK private equity and venture capital industry. The BVCA has over 450 member firms, representing the overwhelming number of UK-based private equity and venture capital firms and their advisers.