The role of government venture capital funds: recent lessons from the U.K. experience

Owen, Robyn ORCID: https://orcid.org/0000-0003-4241-3367, North, David J. and Mac an Bhaird, Cairan (2019) The role of government venture capital funds: recent lessons from the U.K. experience. Strategic Change, 28 (1) . pp. 69-82. ISSN 1086-1718 [Article] (doi:10.1002/jsc.2247)

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Official URL: https://doi.org/10.1002/jsc.2247

Abstract

UK Government Venture Capital (GVC) - backed schemes have evolved to provide more effective, targeted, funding for high growth potential firms.

Public-private co-financing, is generating attributable, additional, positive employment and sales turnover impacts in beneficiary firms, but significant long horizon follow-on investment requirements need addressing.

Policy designers should be cognisant of the changing external financing ecosystem when designing co-investment schemes.

Item Type:	Article
Additional Information:	Special Issue: Blockchain and Other Innovations in Entrepreneurial Finance: Implications for Future Policy
Keywords (uncontrolled):	Government venture capital funds (GVCFs); Global financial crisis (GFC); Co-investment funds; Venture capital; Business angel financing.
Research Areas:	A. > Business School > Centre for Enterprise and Economic Development Research (CEEDR)
Item ID:	26028
Notes on copyright:	This is the peer reviewed version of the following article: Owen R, North D, Mac an Bhaird C. The role of government venture capital funds: Recent lessons from the U.K. experience. Strategic Change. 2019;28:69–82, which has been published in final form at https://doi.org/10.1002/jsc.2247. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.
Useful Links:	Middlesex University Expert Profile
Depositing User:	Pamela Macaulay
Date Deposited:	22 Jan 2019 09:34
Last Modified:	04 Feb 2021 00:54
URI:	https://eprints.mdx.ac.uk/id/eprint/26028

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