§ Mr. Jack
My hon. Friend is entirely correct. The venture capital trust that the Government have backed has taken £150 million and the enterprise investment scheme is prospering. The British venture capital trust recently commissioned a report from Coopers and Lybrand that showed that over the four years from 1990 to 1995, sales of venture capital-backed companies had risen by 34 per cent.—five times faster than the FTSE 100 companies. That shows the tremendous response of those venture capital companies.